Keep your existing QSuper Accumulation account open, to continue to grow your balance and for your employer to make your super contributions on your behalf Decide how much to withdraw as a regular income stream between a minimum of 4% and a maximum of 10% of the Income account balanceThe forms you need to consolidate your super from other funds into your QSuper account, or transfer your defined benefit to an Accumulation Account. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. If you have a Transition to Retirement Income account, you can't get more than 10% of your account balance each financial year. Past performance is not a reliable indicator of future performance. 25%. To make sure you get the government's matching co-contribution, you need to: Make an after-tax contribution (add money from your bank to your super) or standard member contribution; Earn less than $58,445 total in 2023-24 1, and 10% of your income must come from your employers and/or running your. One in three QSuper members will make an insurance claim in their lifetime 1, so we work hard to keep our insurance cover affordable and accessible. gov. (PDS) available at qsuper. QSuper accounts have a cap of $875 per year on the administration fees and costs you pay. Minimum superannuation drawdown rates. Non-concessional (after-tax) personal/voluntary contributions. If you have multiple super funds and . The benefits of consolidating your super into one account may include:: Paying fewer fees: Having your super in one account could mean fewer fees; Less paperwork: One super account means one statement; Easier tracking: One super account may make your super easier to. Learn more about how your super is taxed. Assets test. Accumulation Account Guide About QSuper’s Accumulation account Welcome to QSuper For over 100 years, QSuper has looked after the people who look after Queensland. Income account holders can either make a binding death benefit nomination or. ) Amount $ , , X Option 2 – Transfer some of my Choice Income or TTR Income account to my AustralianSuper superannuation account. Before you leave, it's a good idea to make sure you understand all your options and the many great benefits of being with Australian Retirement Trust. Pension, you will also need to complete the Open an Income Account and/or Lifetime Pension form at the back. to another super fund, including an overseas . The table below shows the different percentage rates of your salary you can contribute and how this grows your multiple. gov. It’s the QSuper you’ve always known, together with the scale, strength, and stability of a super fund looking after $200 billion in retirement savings for more than 2 million members. Australian Retirement Trust Chief Economist Brian Parker recaps our strong long-term investment performance despite short-term volatility. QInvest Limited (ABN 35 063 511 580, AFSL 238274) is a separate legal entity responsible for the financial services it provides. Allocation 4. 3. 1. Your quick guide to your super obligations. For more information on eligibility to claim a tax deduction, please refer to How to Claim or Vary a Tax Deduction for Contributions factsheet. Early withdrawal for disability or financial hardship. If you have money in Self Invest, you need to keep a minimum of $10,000 (Accumulation accounts) or at least 13 months’ worth of income payments. Home owner. 7. Claim and withdrawal forms. Download . 2. If you’re not eligible, find out about other products offered by Australian Retirement Trust. 5. Spouse Deposit. 1. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Use this form if you want to close your Defined Benefit account and transfer your funds into an Accumulation account. Retirement accounts . Please note you are unable to consolidate Lifetime Pensions. Who is the. Follow the link below to find out more. In the event the Trustee suspends unit prices on any or all. Choose to receive regular payments or make one-off withdrawals from your super. Monday to Friday. 1. au Title First name. This document is Part B of the QSuper Product Disclosure Statement for Income Account and Lifetime Pension (PDS). Your employer may also pay an extra contribution to your Accumulation. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. Ranges. This balance consists of $350,000 of tax-free components and $900,000 of. 8am–6pm AEST. QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf) Understand the features, benefits, and risks before opening one of our retirement products. View Focus 1 Dashboard. QSuper Insurance Guide (pdf) Understand the insurance for eligible members with our Accumulation account. 1 Investment limits Term deposits Single term deposit – $5,000 to $5 million Shares S&P/ASX 300 and ETFs Maximum share and ETF exposure – 85% of your QSuper Accumulation or Retirement Income account balance. QSuper Accumulation account when you make a lump sum withdrawal. Super. Currently Yumiko has 10% of her super pension invested in cash for short-term needs. 00pm AEST. Choose your payment amount and frequency. The first myth is that you can only withdraw from a pension account but not accumulation. If your QSuper Accumulation account and QSuper Income account balances are less than $6,000 at the end of the financial year (30 June), certain administration and investment fees and costs charged to you are capped at 3% of the account balance. Defined Benefit Account Guide (including. Amount you intend to claimFrom 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Turning 65 is a condition of release, whether or not you are still working. 00am to 6. Otherwise, you can withdraw all your funds and close your accounts. QSuper Retirement Income account; Super Savings Retirement Income account, Lifetime Pension. As part of a profit-for-members fund, everything we do is for our members – so we provide insurance for when life doesn't go to plan. Find out. gov. Why QSuper? A focus on long-term performance. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. 1300 360 750. Generally, you need to wait until after the financial year ends to apply (unless you're leaving your. Keep your existing QSuper Accumulation account open, to continue to grow your balance and for your employer to make your super contributions on your behalf Decide how much to withdraw as a regular income stream between a minimum of 4% and a maximum of 10% of the Income account balance The forms you need to consolidate your super from other funds into your QSuper account, or transfer your defined benefit to an Accumulation Account. International +61 7 3239 1004. More reasons to feel good. If you are over 60 and are withdrawing an amount from an accumulation account the amount will be tax free if you meet a condition of release. 1. Awards are only one factor to be taken into account when deciding to invest. Before your client consolidates their super, they should consider if withdrawing savings from. QSuper account if: • You are eligible and would like to make a lump sum withdrawal • You are opening an Income account and want to keep some money in an Accumulation account. 1. A super withdrawal due to financial hardship is paid and taxed as. Our award-winning Retirement Income account lets you pay yourself a regular income from your super once you finish work, with the balance invested. QSuper offers an accumulation account with flexible investment options, low fees, and long-term performance. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through your Option 2 – Transfer my funds to a QSuper Accumulation account My existing QSuper Accumulation account number: If you don’t have an Accumulation account yet You can open a QSuper Accumulation account in Member Online (memberonline. So your balance will be ‘deemed’ to earn a certain amount of income based on the balance at 1 July each year. paid in Retirement Bonuses. Language assistance. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime PensionComplete this form if you want to make either a lump sum withdrawal from your Income account, or transfer funds from your Retirement Income account or Transition to. Accumulation account insurance, if eligible. As a fund that works for members, not shareholders, we work in members’ best interests, and are. It's easy to check whether your Accumulation account and/or Income account is invested in the right options for you. 0. As at 30 June 2023. gov. gov. Award-winning. This minimum balance will apply unless you are withdrawing all of your funds and closing your account, or if you have money in Self Invest. Complete online Download. Voluntary contributions are projected as part of the Accumulation account. Age available. This means after investment fees and costs, transaction costs, and investment taxes. Check how much super you're on track to end up with, what sort of income you can expect in retirement, and how long your super might last. These figures have been rounded for member reporting. Stapling aims to reduce unintended multiple accounts. The graph shown above is based on unit prices, which are net of fees and taxes. Option 1 – Claim through QSuper. Retirement Income account or Transition to Retirement Income account to your existing QSuper Accumulation account. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Accumulation account Transition to Retirement Income account. So an Income account can be helpful because it allows withdrawals at any time. 100%. Early withdrawal for disability or financial hardship. Super. X Option 1 – Withdraw part of my account in cash. So we provide a rebate if you pay more than $875 across your Accumulation and Income account/s. Withdraw your superNumber of units x Daily unit price = Value of your super. Accumulation account Transition to Retirement Income account. If you have money in Self Invest, you need to keep a minimum of $10,000 (Accumulation accounts) or at least 13 months’ worth of income payments (Income Phone 1300 360 750. 1. You need to provide your personal details, tax file number, bank details, and tax options for your payment. QSuper Accumulation account when you make a . This minimum balance will apply unless you are withdrawing all of your funds and closing your account, or if you have money in Self Invest. 1300 360 750. fund), you may be able to claim a tax deduction on the contributions that remain in your QSuper Accumulation. For Accumulation and Income accounts, you can check how many units you have in each investment option and the current value of your. our Super Savings Balanced option returned 10% for Accumulation accounts, 9. Attention! Your ePaper is waiting for publication! By publishing your document, the content will be. 00pm AEST. This is the amount that is charged to a member’s account. Make a Withdrawal from an Accumulation Account. Accumulation account Transition to Retirement Income account. Withdraw your super; Seminars and education. If you’re applying under eligibility rule 1, you can withdraw between a minimum of $1,000 and a maximum $10,000 over a 12-month period. QSuper account holders are now. If you don't have a QSuper account, you can apply to join QSuper online if your spouse has a QSuper account. Fax 1300 242 070 Website qsuper. Income account and Lifetime Pension. It is important to. To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. Awards are only one factor to be taken into account when deciding to invest. If you don’t have one, we may refer you to an accredited external financial adviser. You'll need to do this before you open your Lifetime Pension. You can withdraw from accumulation if you have met. Transition to Retirement Income account;. Superannuation. Withdraw your super; Seminars and education; Investments Hide. You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. If you transfer your account to a QSuper Accumulation account before age 55 none of your benefit can be withdrawn as cash until retirement, including your personal contributions and interest paid before 1 July 1999. View our forms for claims, withdrawals, and transfers out. This minimum balance will apply unless you are withdrawing. 1300 360 750. apply unless you. Salary-based income protection cover is set at 87. Withdraw your super; For QSuper account holders, this means that from 1 July 2022, the administration fees that you pay from any of your QSuper Accumulation account (s) and Income account (s), and those deducted from the QSuper Lifetime Pension pool, will be reduced from 0. lump sum withdrawal. There are also tax advantages to super, making it one of the most tax-effective ways. As a fund that works for members, not shareholders, we work in members’ best interests, and are. A transition to retirement (TTR) pension lets you access up to 10% of your super each financial year while you're still working. Open a QSuper account. Withdraw your super. 2. It's easy to check how much insurance you have and make any changes, in Member Online. Check if you're eligible below. Up to the automatic acceptance limit. Up to the automatic acceptance limit; eligibility criteria apply. You can learn more about make super payments here. This means after investment fees and costs, transaction costs, and investment taxes. If you are 60 These terms and conditions apply to QSuper Member Online and the QSuper app ('Member Online'), and your use of and access to these services. You may be able to do this by having an QSuper Accumulation account open for contributions, while supplementing your reduced income with payments from your QSuper Transition to Retirement Income account. Fund Details from 1 July 2022. Grow your super. Contributing spouse’s account to withdraw from. This minimum balance will apply unless you are withdrawing all of your funds and closing your account, or if you have money in Self Invest. Just as you may keep track of your bank accounts, you can also keep track of your super account. Accumulation account (if applicable)? No, I don’t want to withdraw money. 1300 360 750. In the event the Trustee suspends unit prices on any or all. 1. I understand thisAustralian Retirement Trust is the new fund name for the QSuper/Sunsuper merger. In 2020, the Government introduced a temporary reduction by 50% to minimum drawdown requirements for account-based pensions, such as the QSuper Income account. Eddie has just retired from work and has no intention of returning to full-time or part-time work ever again. You can choose from Lifetime, Diversified, or Single Sector options, or use the QSuper Self Invest option for a more hands-on approach. Can I join? Past performance is not a reliable indicator of future performance. We're honoured to have received SuperRatings ' 15-year Platinum rating. Before you consolidate your super accounts, consider if the timing is right and if you will lose access to benefits such as insurance or pension options, or if there are any fee or tax implications. Withdraw your super;. We apologise for any inconvenience. A Retirement Income account can help maximise your savings, with tax-free investment earnings and no tax on payments or withdrawals after you turn 60. The increase brings minimum drawdown rates back to their usual pre. Accumulation account Transition to Retirement Income account. Email QSuper. View all. We strive to help each of our. TPD ends at age 60 if you work for the Queensland Police Service as a police officer. 1300 360 750. She retains the remainder in a balanced portfolio. Factsheets. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. We take out any relevant fees, costs, and taxes from the daily unit price before publishing it, so you don't need to account for that in your calculation. If you are under 60 years of age, tax may apply on any withdrawals depending on your age, and the tax-free and taxable components of your superannuation. Returns shown are based on disclosed unit prices and are compound annualised return, net of fees and tax. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. 00pm AEST. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. You can access your super, without restrictions, even if you're still working. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). If your super is taxed, you may find it to be lower than tax on income and investment earnings outside of super. Residential addressWould you like to make a withdrawal from your . tell us the account(s) you want to split contributions from. 1. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. With advice available online and over the phone, it's only a call or a few clicks away. 1 (if we know you by another name) Date of birth (dd/mm/yyyy) / / Home phone number Mobile phone number Work phone number. 210 means 21% of your final salary. Super. To obtain the investment option returns within a TTR income account prior to 1 July 2017, please refer to the standard Income account unit prices. collected before starting your new Income account. Grow your super. It’s a popular and tax-effective way to access your super. 00am to 6. Contributing spouse’s account to withdraw from. X Option 1 – Withdraw part of my account in cash. Why QSuper?. Give this completed form to your new employer so they can contribute to your QSuper account. You won’t be able to withdraw the amount if you don’t meet a condition of release. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. You must maintain at least $500 in your transaction account at all times. You can check whether you currently have death cover in Member Online. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). While term deposits generally can't be broken, you may be granted access to withdraw or transfer your super due to special circumstances. Open a QSuper account. Depending on your age, your withdrawals and payments may be taxed. There are differences between the asset allocations in Accumulation account and those in Income account, to optimise the strategy and improve the probability of meeting investment objectives. This minimum balance will apply unless you are withdrawing all of your funds and closing your account, or if you have money in Self Invest. From 1 January 2023, eligible Australians aged 55 and over are now able to use some of the proceeds from the sale of the family home to top up their superannuation, under a change in the rules reducing the downsizer eligibility age from 60 to 55. You can check the asset allocation for each by selecting the account type. qld. or 30% contributions tax if your income plus contributions is more than $250,000 per year. 6. This Accumulation Account Guide provides details about the QSuper Accumulation account product, and other important topics like fees and taxation as they apply to the. More reasons to feel good. ) Amount $ , , X Option 2 – Transfer some of my Choice Income or TTR Income account to my AustralianSuper superannuation account. We’re one of Australia’s largest super funds and proud to take care of over $200 billion in retirement savings for more than two million members. a. 00pm AEST. 0. An account-based pension has various names within the superannuation industry. If you open your account part way through the financial year, the balance at the start of the account will be used. If you need to access your super, we'll ask you for a valid form of identity (ID). QSuper accounts (participating employer): 60905115063002. 5. 00am to 6. Make a withdrawal. It aimed to help retirees through market uncertainty. 2. 16% to 0. Award-winning. Depending on your superannuation provider, if you satisfy your condition of release, you may also be able to consider making ad-hoc withdrawals from your super account. 00pm AEST. Before you consolidate your super accounts, consider if the timing is right and if you will lose access to benefits such as insurance or pension options, or if there are any fee or tax implications. au/forms. It must be read in conjunction with Part A of this PDS. Tax File Number Declaration (under age 60 only) Only use this form if you're under 60 and starting or restarting an Income account or making an income protection claim. Why retire with QSuper. To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. Note that you can only make the higher rates of 6-8% if you are catching up after paying less than 5%. 1. 5. Explore ways to personalise your QSuper. Before completing this claim form, please read theQSuper Accumulation account when you make a lump sum withdrawal. Use this form to cancel the income protection, TPD, or death cover you hold through an Accumulation account. under age 55 and have resigned and choose to transfer your State or Police account to your QSuper Accumulation account, your benefit is preserved, which means you can’t withdraw any of it as cash until you retire. The Retirement Bonus is a tax saving we pay you (if eligible), when you move money from our Accumulation or Transition to Retirement Income account, to our Retirement Income account and/or Lifetime Pension. More reasons to feel good. a. The reduction ends on 30 June 2023. I confirm I've received, read and understood. Consider the TMD parameters when recommending QSuper products. QSuper provides insurance cover for when life doesn't go to plan. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. 2. • This product is designed for consumers within Australia in accordance with Australian laws and regulations. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options. 22% p. From 1 July 2022 the administration fees that a member pays pay from any of their QSuper Accumulation accounts and Income accounts, and those deducted from the QSuper Lifetime Pension pool, were reduced from 0. $67. If you don’t already have a QSuper Accumulation account, you will need to open one first in Member Online. Splitting super contributions means transferring part of your before-tax (concessional) contributions from your super account to your spouse's super account. Access via Member Online. USI (Unique superannuation identifier) QSuper accounts: 60905115063001. Phone Advice1 – Call 1300 360 750 for over-the-phone advice about your investment strategy. Switch Investments in an Income Account. 65 or over. qld. To set up ongoing contributions as a Queensland Government. This minimum balance will apply unless you are withdrawing all of your funds and closing your account. If you don’t tell us a date, we’ll use the unit price applicable on the date we receive your request for information. Mon-Fri 8. Withdraw your super;. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through your QSuper Accumulation account when you make a lump sum withdrawal. 31,545. Hear insights from QSuper’s panel discussion about the forces that may influence investment and risk in a post-pandemic world. Accumulation account claim form - QSuper - Queensland Government. This is because the accounts are bundled together under. Stapling aims to reduce unintended multiple accounts. gov. View the detailed list of what this option invests in for Accumulation or Income accounts. We calculate unit prices every. What does the QSuper and Sunsuper merger mean for members' accounts? Read answers to commonly asked questions about the merger. If they're not a QSuper member yet, we'll open an Accumulation account for them. Taking five simple actions today may help you feel more in control of your future. Award-winning. Once you have our acknowledgment letter, lodge your tax return, stating the amount you are claiming in the supplementary section of your tax return. Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. You can access your super as: An income stream, by opening a QSuper Retirement Income account and/or a QSuper Lifetime Pension; A lump sum withdrawal, or ; A combination of both. 1% for Income accounts. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. Explore ways to personalise your QSuper Income account to suit your needs. financial hardship, compassionate grounds, terminal medical condition, or total and. Proof of identity. Deeming and your QSuper account. You’re one of more than 585,000 Australians who enjoy the benefits of strong long-term performance1 and low administration fees2 with one of Australia’s largest super funds. Please refer to the QSuper. Mon-Fri 8. However, if you prefer, you can fill in and send us a QSuper investment switch form. Make a Withdrawal from an Accumulation Account. Assets. g. The more you’ve invested in<br />If you have a Defined Benefit account and you accept a redundancy package, your benefit will usually be transferred to a QSuper Accumulation account. 65 or over. If you are . 2. accounts in your name so that you receive all your super benefits when you retire. This means after investment fees and costs, transaction costs, and investment taxes. au qsuper. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension Complete this form if you want to make either a lump sum withdrawal from your Income account, or transfer funds from your Retirement Income account or Transition to Retirement Income account to your existing QSuper Accumulation account. Accumulation account; Transition to Retirement Income account; Retirement Income account. Make a Withdrawal from an Accumulation Account. I have an existing QSuper Accumulation account.