Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. 210 means 21% of your final salary. Withdrawing some or all of your super is called a lump sum. APRA reports the average balance of a person aged between 60-64 years old as $183,313 as at 30 June 2020, in the Annual Superannuation Bulletin issued 29 January 2021. The graph shown above is based on unit prices, which are net of fees and taxes. Accumulation account Transition to Retirement Income account. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Simply log in to Member Online or download the QSuper app, to. Accumulation account claim form - QSuper - Queensland Government1. Accumulation account Transition to Retirement Income account. Monday to Friday. Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. Keep your personal details up-to-date in Member Online and check your super balance today. 2. 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. If you need to access your super, we'll ask you for a valid form of identity (ID). 31,545. QSuper and Sunsuper have officially merged to create one of Australia’s largest. The cost of product assumes a balance of $50,000 at the beginning of the year, and is based on fees and costs for the year ended 30 June 2023. Retired. Turn your super into regular payments using a retirement income stream. 1300 360 750. 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. More reasons to feel good. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension;. Super. 10%, from 0. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. What. Manage your Income account. Withdraw your superIf you are withdrawing your total Accumulation account balance, and would like to keep your QSuper Accumulation account open, you can choose to keep a balance of $100. How unit prices are calculated. 16% to 0. Download. Accumulation account; Transition to Retirement Income account; Retirement Income account. While term deposits generally can't be broken, you may be granted access to withdraw or transfer your super due to special circumstances. au/forms. Transfer Your Defined Benefit to an. au . Factsheets. QSuper Accumulation account when you make a lump sum withdrawal. Her annual minimum withdrawal will increase from 2. This means after investment fees and costs, transaction costs, and investment taxes. 3. 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. With an account-based pension like our Retirement Income account, you can get regular income payments as long as you have a balance. And we're always working on new products and services, like our award-winning Lifetime Pension,. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. Award-winning. Why you'll love it here. Ranges. • Withdraw your benefit as cash. If you have more than one Accumulation account, please . Make a withdrawal. Use this form to cancel the income protection, TPD, or death cover you hold through an Accumulation account. 2. You can access your super as long as you've permanently retired. 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. 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. We work hard to keep our fees as low as possible We are a profit-for-members fund – we don’t have any shareholders to pay, and we don’t pay commissions to financial advisers. Super. Withdraw your super; Seminars and education; Investments Hide. If you have a Defined Benefit or Income account, please refer to the relevant FAQs below. 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. It must be read in conjunction with Part A of this PDS. On 21 September 2023 performance figures relating to unit prices between 14/09/2022 and 14/10/2022 for Lifetime Focus 1, Lifetime Focus 2, Lifetime Outlook, Lifetime Aspire 1, Lifetime Aspire 2, QSuper Balanced and QSuper Aggressive options have been corrected. Accumulation account Transition to Retirement Income account. With advice available online and over the phone, it's only a call or a few clicks away. I understand thisAustralian Retirement Trust is the new fund name for the QSuper/Sunsuper merger. 2. You must possess Accumulation Account in QSuper Fund as of May 17, 2016, and be qualified for White Collar Rates, Professional Rates* (Fund Member), or Standard Rates. He has a superannuation accumulation balance of $1,250,000. Follow the link below to find out more. If you are . When you're ready,. Application for Early Access on Compassionate Grounds (Compassionate Grounds Guide) Use this form if the ATO has approved you to claim your super early on compassionate grounds. Find out. They don't have to wait until age 25 and over. If you want to move all your money to the Accumulation account at once, you can ask us to transfer your employer's part as well, but it will be slightly discounted. Designed for people who are still working. 77% over the year to December 2022. Past performance is not a reliable indicator of. Keeping track of your super is one place to start in helping you take control of your financial future. Returns from cash are now expected to move lower and could likely become. Assets. 1. If you open your account part way through the financial year, the balance at the start of the account will be used. Withdraw some or all of your balance when you need it. Total personal contributions $ This form is for claiming a tax deduction on your QSuper . Why QSuper? A focus on long-term performance. Simply log in to Member Online or download the QSuper app, to. Eddie has just retired from work and has no intention of returning to full-time or part-time work ever again. Accumulation account Transition to Retirement Income account. 100%. QSuper Insurance Guide (pdf) Understand the insurance for eligible members with our Accumulation account. account? If you have withdrawn part of your super as a lump sum, or transferred out part of your Accumulation account balance (e. 9% for the Lifecycle option's Balanced Pool, and 11. • 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. Consolidate now. If you don’t have one yet, please apply first at qsuper. Superannuation. 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). Would you like to make a withdrawal from your . View all. If we already have your TFN, you do not need to give it to us again. 1 (if we know you by another name) Date of birth (dd/mm/yyyy) / / Home phone number Mobile phone number Work phone number. au/PDS or call us on 1300 360 750 to request a copy. 1. Contributing spouse’s account to withdraw from. X Option 1 – Withdraw part of my account in cash. View Focus 1 Dashboard. Investment earnings (returns) are generally tax-free for Retirement Income accounts, 1 and taxed at up to 15% for Transition to Retirement Income accounts. 16% to 0. Allocation 4. 2. 16% to 0. If you are . You need to provide your personal details, tax file number, bank details, and tax options for your payment. 00am to 6. Combined with other measures aimed at boosting the economy, the near-zero rate has dramatically changed expectations for cash returns. As at 30 June 2023. 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. 2. Or call us on on 1300 360 750 and we’ll send you a copy. We’ve been named Fund Manager of the Year – Multisector at the 2023 Morningstar Australia Awards. Returns shown are based on disclosed unit prices and are compound annualised return, net of fees and tax. au This form and all QSuper products are issued by Australian Retirement Trust Pty Ltd (ABN 88 010 720 840, AFSL 228975) (Trustee) as trustee for Australian. g. Withdraw your super; Seminars and education; Investments Hide. 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. Is it possible to withdraw money from QSuper? Withdrawing funds from accounts associated with retirements is possible through QSuper. If we already have your TFN, you do not need to give it to us again. Australian Retirement Trust Chief Economist Brian Parker recaps our strong long-term investment performance despite short-term volatility. The government counts your Retirement Income account as a financial asset (although there are some exemptions). 00am to 6. 1300 360 750. 00pm AEST. You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. More than half (3 in 5) of Australians aged over 65 currently rely solely on. Age available. gov. 15% per annum from 1 July 2022. I’d like to withdraw the following amount (net). He has a superannuation accumulation balance of $1,250,000. 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. Super you can trust. 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. au Title First name. More reasons to feel good. Super. 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. If you have a QSuper account with us, you'll still log in through the QSuper website. For a terminal medical condition, it’s tax-free to withdraw a lump sum within 24 months. Once you meet a retirement condition of release, there are four options available to you for your accumulated super balance. You generally need to be retired or 65 years old to open our Income account. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and. g. This minimum balance will . You must maintain at least $500 in your transaction account at all times. Accumulation account (if applicable)? No, I don’t want to withdraw money. When you're ready, retire with QSuper. 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. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Learn more about our super Accumulation account with investment options that include Lifetime, Diversified, and Single Sector. Today, we are one of the largest superannuation funds in Australia1 and look after the retirement savings of over 577,000 members. Prepare a budget for your retirement to make sure you don't spend too much too soon. Transfer most of the money I have with QSuper (including my defined benefit, if applicable) to an Income account, but leave the following amount in my Accumulation account (minimum of $10,000). 7. ABN (Australian business number) 60 905 115 063. If you have a QSuper account with us, you'll still log in through the QSuper website. QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf) Understand the features, benefits, and risks before opening one of our retirement products. 1. Get personal advice about your QSuper account at a time that suits you. 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. QSuper and Sunsuper have agreed that from 1 July 2022: • Administration fees that you pay from any of your QSuper Accumulation account(s) and Income account(s), and those that are deducted from the Lifetime Pension pool, will be reduced from 0. 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. 19 January 2023 Brian Parker 6 min read. Members can still enjoy the products and services they know and trust. Accumulation account; Transition to Retirement Income account; Retirement Income account ;. Your TFN. financial hardship, compassionate grounds, terminal medical condition, or total and. au You also want an ePaper? Increase the reach of. A multiple of 0. Why QSuper? A focus on long-term performance. 2. You may also be eligible to claim a tax deduction. keep a minimum account balance of $10,000 if you wish to keep an Accumulation account open. 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. Amount $ , , X Option 3 – Transfer a nominated amount to my other super fund or SMSF. Grow your super. 10-year annual return - Balanced option 3. Super. . Default option for members with an Accumulation account who have not made an investment choice. Turning 65 is a condition of release, whether or not you are still working. Keep in mind the way you spend money at the beginning of your retirement is likely to be very different. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). $ OR. If you don’t already have a QSuper Accumulation account, you will need to open one first in Member Online or using the Open an Accumulation Account form. 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. Death Benefit Claim Guide (pdf) Find out how to make a death benefit claim. For disability payouts, it depends whether you take a lump sum or income payments. If you want to keep your QSuper Accumulation account open for employer or voluntary contributions, you must leave a minimum of $10,000 in your Accumulation account,. If your super balance is more than $5,000, you will . Member Online makes it easy to keep track of your QSuper 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. gov. Eligibility conditions apply. 31 December 2022 5 min read. With the ability to make withdrawals when you need to, it gives you the flexibility and confidence to enjoy the life you want after work. Spouse Deposit. 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. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through yourNews Superannuation. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. Read our Defined Benefit Guide (pdf) 1. International +61 7 3239 1004. • I understand that any money I add to this account will be automatically invested in the QSuper Lifetime investment option unless I made another decision in section 2 of this form. QSuper performance review. Grow your super. Open an Accumulation Account for Lifetime Pension applicants (pdf). Register for Member Online and keep track of your super, download your statements, manage your investments, insurance and more. 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. paid in Retirement Bonuses. Withdraw your super; Seminars and education;. Your super balance is taken into account by Centrelink when calculating your Age Pension amount and withdrawing a lump sum could affect your payments and have tax implications. Withdraw your super• Through QSuper by completing the attached Accumulation Account Departing Temporary Resident Claim form, or • The quickest way to claim is directly through the Australian Taxation Office (ATO). 5. In the event the Trustee suspends unit prices on any or all. When you're ready, retire with QSuper. Answers to frequently asked questions about QSuper accounts, online access, financial advice and more. 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. 2. Super. Past performance is not a reliable indicator of future. Insurance forms. qld. Use this form if you're at your preservation age and want to withdraw some super. Today, we are one of the largest superannuation funds in Australia1 and look after the retirement savings of over 577,000 members. More reasons to feel good. Fill in your retiring employee's last day on this form if they want to withdraw money from their Accumulation account. If they're not a QSuper member yet, we'll open an Accumulation account for them. You need to provide your personal details, tax file number, bank details, and tax options for your payment. 2. Mon-Fri 8. Withdraw your super; Seminars and education;. 2. 1300 360 750. 16% to 0. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. A super withdrawal due to financial hardship is paid and taxed as. It aimed to help retirees through market uncertainty. Phone Advice1 – Call 1300 360 750 for over-the-phone advice about your investment strategy. If we already have your TFN, you do not need to give it to us again. 60 to 64. gov. For Accumulation account This document also forms part of the QSuper Product Disclosure Statement for Accumulation Account. accounts in your name so that you receive all your super benefits when you retire. Awards are only one factor to be taken into account when deciding to invest. 2. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. There are also tax advantages to super, making it one of the most tax-effective ways. 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. 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. More reasons to feel good. Attention! Your ePaper is waiting for publication! By publishing your document, the content will be. Total and permanent disability (TPD) insurance pays you a lump sum if you are unlikely to ever be able to work again due to illness or injury. 2. You won’t be able to withdraw the amount if you don’t meet a condition of release. I’d like to withdraw the following amount (net). gov. Quick, easy investment advice. If you have any additional money you would like to add from outside your QSuper account/s, we will put these into . Why retire with QSuper. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. 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. If you are . Download . 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. 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. Retirement accounts . Download. 00pm AEST. This option could experience negative returns over the short term. qld. If you're an Accumulation account holder aged 58 years old or over, don’t choose an investment option and have less than $300,000 in Lifetime, we invest your money in Lifetime Sustain 1. Monday to Friday. Note that you can only make the higher rates of 6-8% if you are catching up after paying less than 5%. 59pm) can be processed as early as the next working day. 1300 360 750. au Application to Cancel Insurance. 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. financial hardship, compassionate grounds, terminal medical condition, or total and. financial hardship, compassionate grounds, terminal medical condition, or total and. Once you purchase a Lifetime Pension, you can't withdraw that money after the 6-month cooling off period, except for terminal illness or death. This includes your personal contributions and interest paid before 1 July 1999. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. 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. It's easy to check whether your Accumulation account and/or Income account is invested in the right options for you. Past performance is not a reliable indicator of future performance. collected before starting your new Income account. Please refer to the QSuper. Withdraw your super; Seminars and education. 00pm AEST. 1. Up to the automatic acceptance limit. Voluntary contributions are projected as part of the Accumulation account. Super. Deposit and contribution forms. If you end an employment arrangement on or after age 60, you can also access the super you've earned up until then. Take a lump sum You can receive the full amount at. There is no maximum withdrawal limit if you have a Retirement Income account, so you can get any amount, up to the total balance of your account. 8am–6pm AEST. Open a QSuper account. Note that you can only make the higher rates of 6-8% if you are catching up after paying less than 5%. You can withdraw from accumulation if you have met. These terms and conditions apply to QSuper Member Online and the QSuper app ('Member Online'), and your use of and access to these services. We strive to help each of our members make the most of Your Accumulation account gives you the flexibility to select your own investment options and choose the insurance cover that’s right for you. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. We’d love to hear from you. Transition to Retirement Income account;. our Super Savings Balanced option returned 10% for Accumulation accounts, 9. gov. Tax and super. Up to the automatic acceptance limit. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. Assets. View our forms for claims, withdrawals, and transfers out. A QSuper Accumulation account is a simple accumulation style superannuation product that only allows withdrawals in limited circumstances as permitted by superannuation law. Language assistance. 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. These figures have been rounded for member reporting. You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. Other important information is contained in the Accumulation Account Guide and Investment Choice Guide, which also form part of the PDS. Defined Benefit Account Guide (including Deferred. au) or with the Open an Accumulation Account form. 1. Make a withdrawal. If you choose to make a beneficiary nomination, there are two main options: Accumulation account holders can make a binding death benefit nomination as to who they would like to receive their super (and any insurance benefit they may have) in the event of their death. 31,545. $110,000 per year. There are also tax advantages to super, making it one of the most tax-effective ways. 00pm AEST. Why QSuper? A focus on long-term performance. You can find out more in the Self Invest Guide (pdf). 09 November 2020 5 min read. When can you access your super; Withdraw your super; Seminars and education. Use this form if you want to make a one-of voluntary contribution to your QSuper Accumulation account via EFTPOS, cheque, or money order. Once you have our acknowledgment letter, lodge your tax return, stating the amount you are claiming in the supplementary section of your tax return. These definitions can be found in the QSuper Insurance Guide (pdf). au/forms. 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. 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. 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. If you have a Transition to Retirement Income account, you can't get more than 10% of your account balance each financial year. Make a Withdrawal from an Accumulation Account. You can access your super, without restrictions, even if you're still working. Home owner. Explore ways to personalise your QSuper Income account to suit your needs. QSuper account holders are now. View the detailed list of what this option invests in for Accumulation or Income accounts. Withdraw your superFor 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. qsuper. You must keep a minimum balance of $6,000 in an Accumulation account. More reasons to feel good. Taking five simple actions today may help you feel more in control of your future. Easily give your employer your new QSuper account details. Email [email protected] 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. This minimum balance will . Accumulation Account When to use this form. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Download the QSuper Insurance Guide (pdf) for details. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. Based on the Balanced investment option. Transfer some or all of your Super Savings Accumulation account balance into your new Retirement Income account. This option is designed for medium to long-term investing, with some assets that can potentially give higher returns. gov. Income testAlex's inheritance from their mother was $400,000, so they decide to contribute $200,000 to their super, give $100,000 as a gift to the kids to help them buy their first home/s, and save the remaining $100,000 for home renovations. 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. Through QSuper by completing the attached Accumulation Account Departing Temporary Resident Claim form, or The quickest way to claim is directly through the Australian. This includes a 12. Withdraw your super; Seminars and education. 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. Accumulation account; Transition to Retirement Income account; Retirement Income account. You can access your super, without restrictions, even if you're still working. Email [email protected] account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension;. The Cash option invests in a mix of deposits at call, bank bills, and term deposits. 60% p. Before rolling your super over, you should check what fees your other super fund charges, and whether you would lose any benefits, such as insurance or pension options. Or call us on on 1300 360 750 and we’ll send you a copy. Mon-Fri 8.