You can find out more in the Self Invest Guide (pdf). Grow your super Salary sacrifice Super co-contribution Voluntary contributions. This means after investment fees and costs, transaction costs, and investment taxes. Awards are only one factor to be taken into account when deciding to invest. Under the changes, from 1 July 2021, account balance conditions apply if you have more than $1. 2. 31 December 2022 5 min read. More reasons to feel good. Default option for members with an Accumulation account who have not made an investment choice. More reasons to feel good. The remaining amount representing your employer’s part stays separate as a Deferred Retirement Benefit (DRB) until you turn 55, then moves to your Accumulation account. The table below shows the different percentage rates of your salary you can contribute and how this grows your multiple. I confirm I've received, read and understood. qld. If you have multiple super funds and . You generally need to be retired or 65 years old to open our Income account. Compassionate Grounds Guide (pdf) Find out how and when you can access your super early on compassionate grounds. Our award-winning Retirement Income account lets you pay yourself a regular income from your super once you finish work, with the balance invested. Application to Transfer My Insurance to QSuper. Transfer some or all of your Super Savings Accumulation account balance into your new Retirement Income 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. 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. To avoid contributions being refunded and delays to funds being processed into your employees’ ART super accounts, please make sure you are using the correct USI. gov. paid in Retirement Bonuses. Fund Details from 1 July 2022. Once you have our acknowledgment letter, lodge your tax return, stating the amount you are claiming in the supplementary section of your tax return. 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. 3. While the returns for the default investment options are net of investment and administration fees, and taxes, if you create a custom investment return in the "Fees, Return, Insurance & Inflation" section, the return is calculated before taxes and fees and you will need. You can access your super, without restrictions, even if you're still working. I want to keep $100 in my Accumulation account. Why QSuper? A focus on long-term performance. Assets. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension;. Please refer to the QSuper. Mon-Fri 8. ) OR I want to withdraw all of my benefit. Make the most of your entitlements and deductions at tax time. au/forms. Age available. 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. 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. Email QSuper. Your age How much super you can withdraw Eligibility notes; Under 65: $1,000 - $10,000 before tax. Withdraw your super; Seminars and education;. 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 Eddie is 62 years of age and would like to withdrawal $450,000 from his superannuation to buy a house. Past performance is not a reliable indicator of future performance. Why QSuper?. 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. Returns from cash are now expected to move lower and could likely become. This includes your personal contributions and interest paid before 1 July 1999. We’ve made it easy for you to make changes to the investment strategy in your QSuper Accumulation account. View Focus 1 Dashboard. Splitting super contributions means transferring part of your before-tax (concessional) contributions from your super account to your spouse's super account. International +61 7 3239 1004. Switch Investments in an Income Account. 09 November 2020 5 min read. Accumulation Account When to use this form. 2. Language assistance. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). You must keep a minimum balance of $6,000 in an Accumulation account. tell us the account(s) you want to split contributions from. 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. Accumulation. This means that we should not simply withdrawal the $250,000 Taxable Component and recontribute it, as this would contain part of the Tax Free Component and would leave part of the Taxable Component inside super and we would. Today, we are one of the largest superannuation funds in Australia1 and look after the retirement savings of over 577,000 members. Withdraw your superHow an account-based pension works. If you have an Accumulation or Income account and have made a binding death benefit nomination, your remaining super balance will be paid out in a lump sum to your beneficiary/ies, including any death insurance benefit payout. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. It's a type of account-based pension or retirement income stream specifically for people under 65 years old. au Application to Cancel Insurance. Super. If you don’t tell us a date, we’ll use the unit price applicable on the date we receive your request for information. 10-year annual return - Balanced option 3. The class action only relates to members who are a ‘Group Member’ as defined in the Statement of Claim, as follows: were members (Fund Members):of the QSuper superannuation fund (QSuper Fund); andwho on 17 May 2016 belonged to one of the accumulation categories defined by sections 22(1) and (2) of the Superannuation (State. However, if you prefer, you can fill in and send us a QSuper investment switch form. Yumiko will be 75 on 1 July 2023. So that you can see how your savings are tracking over time, we have also included a graph showing your account balance as at 30 June for the last five. 1. The contributing spouse will need to keep a minimum of $10,000 in their QSuper Accumulation account. Monday to Friday. A multiple of 0. Then set up regular payments to your bank account. Income for life. Please refer to the QSuper Investment Guide (pdf) for detailed information. The cost of product assumes a balance of $50,000 at the beginning of the year. Language assistance. 07m. financial hardship, compassionate grounds, terminal medical condition, or total and. Download. on each element of a lump sum super withdrawal will be based on your age and will vary depending if you’re at or above preservation age and under 60, or if you’re aged 60 and over. More reasons to feel good. Your Police account remains open until you are no longer employed as a Police officer, or you decide to transfer to another type of QSuper account. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Based on the Balanced investment option. 00am to 6. An account-based pension has various names within the superannuation industry. Transition to Retirement Income account;. Superannuation. If you want to open a Transition to Retirement Income account, Retirement Income account, and/or purchase a Lifetime . gov. We design all our cover to help provide you with security and peace of mind. Changes to QSuper’s Accumulation account insurance cover, taking effect from 1 July, were outlined to all members in May. Super. Withdraw your super; Seminars and education. The total approximate opening balance of my new Income account. 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. 6. Withdraw your superLifetime Pension. This includes a 12. Mon-Fri 8. Eddie has just retired from work and has no intention of returning to full-time or part-time work ever again. The Police account closed to new members on 1 January 1993. When you're ready, retire with QSuper. g. 00am to 6. QSuper Insurance Guide (pdf) Understand the insurance for eligible members with our Accumulation account. Download . it to a QSuper Accumulation account. 15-year platinum. lump sum withdrawal. Awards are only one factor to be taken into account when deciding to invest. 6. Award-winning. Read our Defined Benefit Guide (pdf) 1. USI (Unique superannuation identifier) QSuper accounts: 60905115063001. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Withdraw your super; Seminars and education;. Find out. Want to change how your super funds are invested in your Accumulation or Income account? Access the forms and information you need here. Check your account balance. To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. 4% p. 2. Why QSuper? A focus on long-term performance. X Option 1 – Withdraw part of my account in cash. She retains the remainder in a balanced portfolio. Find out more. g. Click on Claim a tax deduction and follow the prompts. Would you like to make a withdrawal from your . Super. The money needs to come from: Your Accumulation account, Your Transition to Retirement Income account, or; A superannuation death benefit. Members can still enjoy the products and services they know and trust. Use this form to cancel the income protection, TPD, or death cover you hold through an Accumulation account. 00pm AEST. This minimum balance will . qld. Accumulation account and Income account As Accumulation and Income accounts are unit-based, we multiply the number of units in the account by the unit price applicable on the valuation date you nominate. If you're eligible, it only takes 10 minutes to apply online and. financial hardship, compassionate grounds, terminal medical condition, or total and. You don’t need to use. Other publications. Death Benefit Claim Guide (pdf) Find out how to make a death benefit claim. The graph shown above is based on unit prices, which are net of fees and taxes. 00am to 6. 1. $67. Get personal advice about your QSuper account at a time that suits you. View our forms for claims, withdrawals, and transfers out. Important information You should consider the information contained in this guide, the Product Disclosure Statement for AccumulationView the detailed list of what this option invests in. Simply log in to Member Online or download the QSuper app, to. You may be able to increase your Age Pension payments (if eligible) by using some of your super to purchase a Lifetime Pension , because of how it is treated in. Withdrawals from Accumulation accounts are generally processed within 7 working days of receiving a completed application and Income account withdrawals are processed within 3 working days. Make a withdrawal. Proof of identity. If you are transitioning from the accumulation phase to the retirement phase, there is a limit on how much you can. Regular income payments. If you're not eligible for a QSuper account, don't worry – you can still join. au/forms. The cost of product assumes a balance of $50,000 at the beginning of the year. Use this form if you're at your preservation age and want to withdraw some super. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. 1. Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. A transition to retirement (TTR) pension lets you access up to 10% of your super each financial year while you're still working. Your quick guide to your super obligations. 15% per annum. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. Australians are living longer than ever before, so depending on when you retire, you could rely on your super savings for up to 20 years. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. Set a budget. If that’s you, it’s easy to apply online now. The member must have a definite accumulation account in the company’s fund and must come under the qualification for the white collar rates professional or standard rates. (Any tax payable will be deducted from this amount. Find out more about your insurance and COVID-19. Defined Benefit Account Guide (including Deferred. The graph shown above is based on unit prices, which are net of fees and taxes. Super and Retirement Planning Calculators Salary Sacrifice Calculator Insurance Needs Calculator Insurance Premium Estimator Super Co-contribution Calculator. Superannuation. A new era in our long history has begun, with the official merger of QSuper and Sunsuper to create Australian Retirement Trust - one of the nation’s largest super funds. Application form contained within the PDS for our Accumulation account. 5% to 6% of her balance due to the end of the temporary reduction in minimum withdrawals and her 75. Why retire with QSuper. It's easy, and you have 5 options for how to make a voluntary contribution to your Accumulation account: Payroll: Contact your employer’s payroll office to see if they offer this service. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. PLUS Investment fees and costs. Clarify the target market for a QSuper product (refer to our TMDs) and assess the suitability of a QSuper product for your client. These figures have been rounded for member reporting. If you have. Accumulation Account Guide About QSuper’s Accumulation account Welcome to QSuper We’re a profit-for-member fund, and everything we do is to benefit our members. Just choose your enquiry type, and type your message and personal details below. Eligibility conditions apply. Refer to the Financial Services Guide (pdf) for more information. Contributing spouse’s account to withdraw from. financial hardship, compassionate grounds, terminal medical condition, or total and. Mon-Fri 8. You need to provide your personal details, tax file number, bank details, and tax options for your payment. With an account-based pension like our Retirement Income account, you can get regular income payments as long as you have a balance. Note that you can only make the higher rates of 6-8% if you are catching up after paying less than 5%. If your super is taxed, you may find it to be lower than tax on income and investment earnings outside of super. 2. In the event the Trustee suspends unit prices on any or all. If you do want to switch investments, it's easiest and quickest to do this online. Mon-Fri 8. The information in this document forms part of the QSuper Product Disclosure Statement for Accumulation Account (PDS) issued on 1 March 2021, as the PDS references information that you will find in this guide. Make a withdrawal. accounts in your name so that you receive all your super benefits when you retire. Generally, you need to wait until after the financial year ends to apply (unless you're leaving your. Mon-Fri 8. There are a number of reasons why you may decide to wind up your self-managed super fund (SMSF) and transfer your money to QSuper. More reasons to feel good. a. A QSuper Accumulation account is a simple accumulation style superannuation product that only allows withdrawals in limited circumstances as permitted by superannuation law. Does closing Self Invest impact the annual access fees I'm paying, or any other fees or costs such as brokerage? 1300 360 750. If you have a QSuper account with us, you'll still log in through the QSuper website. Open a QSuper account. This balance consists of $350,000 of tax-free components and. want to claim a tax deduction for personal contributions made to another fund, please contact them directly. If you don’t have an Accumulation account If you don’t have an Accumulation account when your claim is approved you will need to open an Accumulation account. Super. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. To open a TTR account, you'll need to meet the following conditions: Under age 65 but you've reached your access age; Still employed; At least $30,000 available for your TTR account (plus $10,000 in your Accumulation account) QSuper account holder (find out who can be a member). It is distributed by Centrelink and was designed as a 'safety net' for retirees who do not have enough financial resources (such as super) to help fund their retirement. collected before starting your new Income account. Annual reports. In the event the Trustee suspends unit prices on any or all. QSuper Accumulation account when you make a . More reasons to feel good. 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. View the detailed list of what this option invests in for Accumulation or Income accounts. 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. So your balance will be ‘deemed’ to earn a certain amount of income based on the balance at 1 July each year. This is the amount. Compassionate Grounds Guide (pdf) Find out how and when you can access your super early on compassionate grounds. Defined Benefit Account Guide (including. There are a few situations where you can withdraw some or all of your super before you reach a certain age or retire, if you need it. 7. 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. International +61 7 3239 1004. 100%. 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. You can check the asset allocation for each by selecting the account type. 22% p. You will need to keep a minimum of $10,000 in your . 1300 360 750. In the Accumulation account, you can (if eligible): • Receive contributions and make voluntary contributions • Receive transfers from other super accounts • Receive employer contributions • Make lump sum withdrawals. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. Accumulation Account Departing Temporary Resident Claim. 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. You don't need to pay or book an appointment - our online advice service can get you answers in 5-10 minutes and it's included in your membership. Assess the suitability of the product for your client. accounts in your name so that you receive all your super benefits when you retire. Your super balance is counted as an asset. 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. For a terminal medical condition, it’s tax-free to withdraw a lump sum within 24 months. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through yourEddie is 62 years of age and would like to withdrawal $450,000 from his superannuation to buy a house. Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. Voluntary contributions are projected as part of the Accumulation account. Retire with confidence with QSuper, part of Australian Retirement Trust (ART). The increase brings minimum drawdown rates back to their usual pre. Ranges. • Have met one of the following conditions of release to access their super: o aged 65 or older; o have ceased an employment arrangementYou can keep it in the accumulation phase. 1. If you're under 60, it depends if you're at your preservation age how much tax. 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. Make a Withdrawal from an Accumulation Account. Member Online makes it easy to keep track of your QSuper account. If you end an employment arrangement on or after age 60, you can also access the super you've earned up until then. 1. Log in. This is an extra payment on top of the superannuation guarantee contribution your employer has to make. QSuper Accumulation account when you make a lump sum withdrawal. Today, we are one of the largest superannuation funds in Australia1 and look after the retirement savings of over 577,000 members. Online Advice1 – Log in to Member Online for our online advice service about your super. 3. 1300 360 750. 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. qld. 16% to 0. In the Accumulation account, you can (if eligible): •. 1300 360 750. Make a withdrawal. Withdraw your super; Seminars and education. Why QSuper? A focus on long-term performance. Application to Cancel Insurance. 1. Withdraw your super; Seminars and education. Language assistance. 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. Your QSuper Retirement Income account is considered to be a financial asset. 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. 8am–6pm AEST. If you have more than one Accumulation account, please . Please note you are unable to consolidate Lifetime Pensions. Australian Retirement Trust Chief Economist Brian Parker recaps our strong long-term investment performance despite short-term volatility. Your Adviser – We can work with your adviser. So we provide a rebate if you pay more than $875 across your Accumulation and Income account/s. Mon-Fri 8. The Reserve Bank of Australia (RBA) recently cut its official cash rate to a record low of 0. Accumulation account claim form - QSuper - Queensland Government. Withdraw your super;. qld. Find out. QSuper returns are driven by our investment approach that aims to provide consistent growth over the long term with less risk. You must maintain at least $500 in your transaction account at all times. Eligibility for the super co‑contribution 2023‑24. How unit prices are calculated. Award-winning Money magazine’s Best Retirement Innovator 2023 2. Phone Advice1 – Call 1300 360 750 for over-the-phone advice about your investment strategy. They don't have to wait until age 25 and over. Withdraw your super; Seminars and education;. 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. au) or with the Open an Accumulation Account form. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. If you're eligible to be a QSuper member, it only takes around 10 minutes to apply online, and you'll be enjoying the QSuper feeling. Choose to receive regular payments or make one-off withdrawals from your super. Your Police account remains open until you are no longer employed as a Police officer, or you decide to transfer to another type of QSuper account. You can join QSuper part of Australian Retirement Trust if you are the spouse, or child under age 25, of an existing QSuper account holder. For Accumulation and Income accounts, you can check how many units you have in each investment option and the current value of your. More reasons to feel good. Otherwise, you can withdraw all your funds and close your accounts. 1300 360 750. If you have any additional money you would like to add from outside your QSuper account/s, we will put these into . Transfer your cover from another insurer or super fund to your QSuper account. Past performance is not a reliable indicator of future performance. Email address. This is the amount that is charged to a. Withdraw your super. Keep your personal details up-to-date in Member Online and check your super balance today. This balance consists of $350,000 of tax-free components and $900,000 of. You can check whether you currently have death cover in Member Online. Download . We're here to help you feel confident about your super. If you work for the Queensland Police Service as a police officer, your waiting period will be 180 days or accrued sick leave plus approved Queensland Police. Minimum superannuation drawdown rates. A multiple of 0. And we're always working on new products and services, like our award-winning Lifetime Pension,. Eddie has just retired from work and has no intention of returning to full-time or part-time work ever again. Important information You should consider the information contained in this guide, the Product Disclosure Statement for AccumulationView the detailed list of what this option invests in. Mon-Fri 8. Award-winning. When you're ready,. QSuper’s Accumulation account insurance cover changes on 1 July 2019, including changes to income protection waiting periods. 75% of insured salary into your QSuper account. a. You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. However, in most cases, your new employer can contribute to a QSuper Accumulation account for you. 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. Complete online Download. Explore ways to personalise your QSuper. Police account until age 55 or transfer it to a QSuper Accumulation account. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. Form: For a once-off contribution, send us a Deposit form (pdf) with a cheque or money order. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. paid in Retirement Bonuses. 00pm AEST. QSuper accounts (participating employer): 60905115063002. 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. 1300 360 750. You'll find this in the back of the Accumulation. 4% p. Once opened, we will pay your insurance benefit into this. More reasons to feel good. Jul 10, 2018 Making a superannuation withdrawal from an accumulation account can be done by anyone who has met a full superannuation condition of release. QSuper’s Accumulation account, Balanced Option only, ranked fourth. 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. 2 Request to transfer your SMSF money to QSuper by using any of the following options: Option 1 Ask QSuper to arrange the transfer of money fromTogether it's more super. If you have more than one Accumulation account, please . Super.