To do this, complete a Restart an Income account form (pdf). There are also tax advantages to super, making it one of the most tax-effective ways. PLUS Investment fees and costs. Super contributions and withdrawals are generally taxed, however under some circumstances may be tax free. 4. 00pm AEST. Withdraw your super; Seminars and education;See the Sunsuper and QSuper merger guide for details. 65 or over. Get started now. However, if you prefer, you can fill in and send us a QSuper investment switch form. Enjoy life after work, with our range of award-winning retirement solutions. Download. Hear insights from QSuper’s panel discussion about the forces that may influence investment and risk in a post-pandemic world. The cost of product assumes a balance of $50,000 at the beginning of the year. need to complete the Accumulation Account DepartingWithdrawal amount I want to withdraw (net)3 $ (You will need to keep a minimum of $10,000 in your QSuper Accumulation account when you make a lump sum withdrawal. The Morningstar Australia Awards, which were announced on 23 February, are designed to recognise and celebrate the. 15-year platinum. • This product is designed for consumers within Australia in accordance with Australian laws and regulations. Give this completed form to your new employer so they can contribute to your QSuper account. Find out. Withdraw your super; Seminars and education;. 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. 16% to 0. Award-winning Money magazine’s Best Retirement Innovator 2023 2. In 2020, the Government introduced a temporary reduction by 50% to minimum drawdown requirements for account-based pensions, such as the QSuper Income account. • Have a superannuation balance of at least $30,000 at commencement. Accumulation account Transition to Retirement Income account. It aimed to help retirees through market uncertainty. Our PDS and range of helpful guides contain everything you need to know about our Accumulation and Income accounts. 2. Register now. The total approximate opening balance of my new Income account should. We apologise for any inconvenience. • My Accumulation account becomes inactive by not having money added in the last 13 months, and/or • My Accumulation account balance is below $6,000, and/or. More reasons to feel good. You will need to keep a minimum of $10,000 in your . Grow your super Salary sacrifice Super co-contribution Voluntary contributions. 2. Previous name. You can manage your Income account online using Member Online. 00am to 6. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through your1. If you'd like to consolidate super from outside Australian. If your Accumulation and/or Income account balance is under $6,000, your fees (including all admin and investment fees and costs, and transaction costs) are capped at 3% of your account balance. Option 1 – Claim through QSuper. QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf) Understand the features, benefits, and risks before opening one of our retirement products. Mon-Fri 8. Please note you are unable to consolidate Lifetime Pensions. 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. 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. You'll find this in the back of the Accumulation. 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. Consider the TMD parameters when recommending QSuper products. 1. Voluntary contributions are projected as part of the Accumulation account. You can leave your money in your Accumulation account and make withdrawals whenever you need to. View our forms for claims, withdrawals, and transfers out. 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. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). Make a Withdrawal from an Accumulation Account. g. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. Alex puts the $200,000 into super as a non-concessional (after-tax) contribution, using the bring-forward rules to. 77% over the year to December 2022. Register for Member Online and keep track of your super, download your statements, manage your investments, insurance and more. 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. 1. Why QSuper? A focus on long-term performance. Find the best retirement account to suit your lifestyle today. 2. 1300 360 750. Online Advice1 – Log in to Member Online for our online advice service about your super. Other details. tell us the account(s) you want to split contributions from. want to claim a tax deduction for personal contributions made to another fund, please contact them directly. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). • I understand that if I don’t already have an Accumulation account, one will be opened for me. Yumiko will be 75 on 1 July 2023. Our app is designed for members with a QSuper account. QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf) Understand the features, benefits, and risks before opening one of our retirement products. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. 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. Want to change how your super funds are invested in your Accumulation or Income account? Access the forms and information you need here. Home owner. This balance consists of $350,000 of tax-free components and. Product eligibility criteria To be eligible to acquire this product the consumer must meet one of the following eligibility criteria:We're here to help you feel confident about your super. lump sum withdrawal. Retirement Income account or Transition to Retirement Income account to your existing QSuper Accumulation account. Make a withdrawal. Manage your 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. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. The cost of product assumes a balance of $50,000 at the beginning of the year. This account provides tax-free investment earnings,. To set up ongoing contributions as a Queensland Government. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. To get a more accurate projection, please complete the details below. Make a Withdrawal from an Accumulation Account. 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. a. Mon-Fri 8. Defined Benefit Account Guide (including. When we pay your super to your chosen beneficiaries, it will include any death cover you may have had through your Accumulation account. Under the changes, from 1 July 2021, account balance conditions apply if you have more than $1. it to a QSuper Accumulation account. We’d love to hear from you. Award-winning. • 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). 60 to 64. You may also be eligible to claim a tax deduction. QSuper accounts have a cap of $875 per year on the administration fees and costs you pay. 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. 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. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. 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. Lifetime Pension Why QSuper? A focus on long-term performance. I confirm I've received, read and understood. 00am to 6. Other publications. 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. au) or with the Open an Accumulation Account form. It's a type of account-based pension or retirement income stream specifically for people under 65 years old. 2. 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. You need to already have a QSuper Accumulation . This includes a 12. au This form and all QSuper products are issued by Australian Retirement Trust Pty Ltd (ABN 88 010 720 840, AFSL 228975) as trustee for Australian Retirement Trust (ABN 60. Retirement accounts . If you do want to switch investments, it's easiest and quickest to do this online. Mon-Fri 8. 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. If you have a Defined Benefit or Income account, please refer to the relevant FAQs below. g. Australian Retirement Trust Chief Economist Brian Parker recaps our strong long-term investment performance despite short-term volatility. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the 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. gov. In the event the Trustee suspends unit prices on any or all. Past performance is not a reliable indicator of future performance. Calculators. When you're ready, retire with QSuper. QSuper’s Accumulation account insurance cover changes on 1 July 2019, including changes to income protection waiting periods. There are no exit fees for partial lump sum withdrawals. QSuper Member Online is a secure member site owned by Australian Retirement Trust Pty Ltd ('Trustee') (ABN 88 010 720 840, AFSL 228975) as trustee for Australian Retirement Trust ('the Fund') (ABN 60 905 115. a. If you're under 60, it depends if you're at your preservation age how much tax. Access your super . You can choose from Lifetime, Diversified, or Single Sector options, or use the QSuper Self Invest option for a more hands-on approach. 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. tell us the account(s) you want to split contributions from. Phone 1300 360 750. Mon-Fri 8. 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. Income account and Lifetime Pension. 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. Contribute to your spouse's super. 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. Super. However, in most cases, your new employer can contribute to a QSuper Accumulation account for you. Keeping track of your super is one place to start in helping you take control of your financial future. Note that you can only make the higher rates of 6-8% if you are catching up after paying less than 5%. 00pm AEST. Keeping track of your super is one place to start in helping you take control of your financial future. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details. 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. 5. 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. Why QSuper? A focus on long-term performance. What does the QSuper and Sunsuper merger mean for members' accounts? Read answers to commonly asked questions about the merger. 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 don’t tell us a date, we’ll use the unit price applicable on the date we receive your request for information. Non-concessional (after-tax) personal/voluntary contributions. For more information on eligibility to claim a tax deduction, please refer to How to Claim or Vary a Tax Deduction for Contributions factsheet. 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. Make a Withdrawal from an Accumulation Account. Make a withdrawal. Investment option Percentage of withdrawal 2 Account to withdraw from If you have more than one. Change payment frequency and amount. 2. QSuper Insurance Guide (pdf) Understand the insurance for eligible members with our Accumulation account. Mon-Fri 8. 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). Use this form if you want to make a one-of voluntary contribution to your QSuper Accumulation account via EFTPOS, cheque, or money order. TPD ends at age 60 if you work for the Queensland Police Service as a police officer. apply unless you. The increase brings minimum drawdown rates back to their usual pre. Statement for Income Account and Lifetime Pension for more information. Turning 65 is a condition of release, whether or not you are still working. 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. This minimum balance will apply unless you are withdrawing. If you have a Defined Benefit account and are under age 55, your beneficiaries will be paid your projected benefit to age 55. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. gov. Check your account balance. For every $50,000 you have in the superannuation product you will be charged or have deducted from your investment $110 in administration fees and costs. You will need to keep a minimum of $10,000 in your . Wrong. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. au Fax 1300 242 070 Website qsuper. au qsuper. Transfer Your Defined Benefit to an. Make a Withdrawal from an Accumulation Account. Depending on where you work, you can also salary sacrifice into other things like buying a car. Application to Transfer My Insurance to QSuper. If you don’t have one yet, please apply first at qsuper. This includes your personal contributions and interest paid before 1 July 1999. If you have any additional money you would like to add from outside your QSuper account/s, we will put these into . When you're ready, retire with QSuper. Claim and withdrawal forms. 10-year annual return - Balanced option 3. au/pds. 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. If you have. Early withdrawal for disability or financial hardship. There are also tax advantages to super, making it one of the most tax-effective ways. Proof of identity. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. 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. This means after investment fees and costs, transaction costs, and investment taxes. 2. 15% per annum. Whether it's for the sake of your health, carer responsibilities, or other reasons, starting your retirement. Q3. When you're ready, retire with QSuper. Super. Once funds have departed QSuper please allow up to 24-72, depending on your banks processing time for the. 00am to 6. Tax-free investment returns over age 60 (generally) Tax-free withdrawals over age 60. The total approximate opening balance of my new Income account. Keep your personal details up-to-date in Member Online and check your super balance today. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through yourQSuper Accumulation account when you make a lump sum withdrawal. Amount $ , , X Option 3 – Transfer a nominated amount to my other super fund or SMSF. As at 30 June 2023. 16% to 0. 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. 1300 360 750. 2. Personal assets. Can I join? Past performance is not a reliable indicator of future performance. 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 open a Retirement Income account and/or Lifetime Pension by transferring some or all of your money from your Super Savings Accumulation account. If you're eligible, it only takes 10 minutes to apply online and. My bank account details are as follows: Name of institution Branch name BSB Account number Account name Note: the account nominated above must be in your name and must be an account for which you can sign to withdraw, either solely, or with another person. 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. 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. Read our Defined Benefit Guide (pdf) 1. qld. For disability payouts, it depends whether you take a lump sum or income payments. In Member Online, go to Account history & statements, then Yearly transaction summary. Try it now. Find out more. This is the amount that is charged to a member’s account. 16% to 0. QInvest Limited (ABN 35 063 511 580, AFSL 238274) is a separate legal entity responsible for the financial services it provides. 1. au) or with the Open an Accumulation Account form (qsuper. lump sum withdrawal. Your TFN. 09 November 2020 5 min read. Mon-Fri 8. 15-year platinum. 8am–6pm AEST. You generally need to be retired or 65 years old to open our Income account. To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. Open a QSuper account. View all. 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. Find out more. qld. Grow your super. The graph shown above is based on unit prices, which are net of fees and taxes. You can access your super, without restrictions, even if you're still working. Accumulation account; Transition to Retirement Income account; Retirement Income account ;. How to withdraw money from Qsuper? Money withdrawals are allowed. Why QSuper?. We strive to help each of our. australian identification copies superannuation funds issued queensland qsuper. Eligibility conditions apply. Pension, you will also need to complete the Open an Income Account and/or Lifetime Pension form at the back. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. Use this form if you're at your preservation age and want to withdraw some super. Withdraw your super; Seminars and education;. (QSuper accounts only). au/forms. 60 to 64. The ATO says whatever you withdraw will be made up of the same proportion – you cannot choose to take from only one element. He has a superannuation accumulation balance of $1,250,000. Withdraw your super; Seminars and education. Mon-Fri 8. This is because the accounts are bundled together under. Other assets. Proving your identity; Withdraw your super; Seminars and education. Past performance is not a reliable indicator of future performance. Your age How much super you can withdraw Eligibility notes; Under 65: $1,000 - $10,000 before tax. account to use this form. 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. 2. QSuper Accumulation account when you make a lump sum withdrawal. Financial hardship withdrawals are taxed as a lump sum at up to 17% to 22% if you're under 60, and tax-free over 60. Complete online Download. 1300 360 750. Your employer may also pay an extra contribution to your Accumulation. This minimum balance will . Introduction<br /> What is superannuation<br /> Superannuation is a long-term investment for your<br /> future retirement lifestyle. Returns shown are based on disclosed unit prices and are compound annualised return, net of fees and tax. You can: Convert your super into a pension (also called a retirement income stream) Cash a lump sum; Leave super in the accumulation phase (such as in your current super account) Combine two or all three above options. If you are . Death Benefit Claim Guide (pdf) Find out how to make a death benefit claim. accounts in your name so that you receive all your super benefits when you retire. That you must start a pension to withdraw money. You can check whether you currently have death cover in Member Online. Self Invest is closing to new investors. Start or Change Regular Contributions to Your Super. Residential addressWould you like to make a withdrawal from your . 60% p. Withdrawal From An Accumulation Account; Pension Refresh Strategy; All withdrawals must be made proportionately. Our award-winning Retirement Income account is an account-based pension that turns your super into income payments and offers several tax benefits. Returns shown are based on disclosed unit prices and are compound annualised return, net of fees and tax. Withdraw your superHow an account-based pension works. 1% for Income accounts. When you have a Defined Benefit account with an attached Accumulation account, the transactions for both of these accounts will be displayed on your Defined Benefit account. The Age Pension is a fortnightly allowance paid to eligible Australian residents by the government. Please refer to the QSuper Investment Guide (pdf) for detailed information. If you're age 60 or over, it's tax-free. Splitting super contributions means transferring part of your before-tax (concessional) contributions from your super account to your spouse's super 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. Make a Withdrawal from an Accumulation Account. 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. 1. Withdraw your super. Do not complete this form if you want to:4. Salary-based income protection cover is set at 87. Death Benefit Claim Guide (pdf) Find out how to make a death benefit claim. Before completing this claim form, please read theto your QSuper Accumulation account. This decision to reduce fees is subject to confirmation by the. QSuper Accumulation account when you make a lump sum withdrawal. In the event the Trustee suspends unit prices on any or all. 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. 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. It's easy to check whether your Accumulation account and/or Income account is invested in the right options for you. g. Refer to the Financial Services Guide (pdf) for more information. TPD ends at age 60 if you work for the Queensland Police Service as a police officer. This minimum balance will . If you tick this box, we will keep this amount in your account even if you have requested to withdraw your total balance. 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. Click on Claim a tax deduction and follow the prompts. gov. Ranges. QSuper Accumulation account when you make a lump sum withdrawal. Transfer Your Defined Benefit to an. Otherwise, you can withdraw all your funds and close your accounts. This includes your personal contributions and interest paid before 1 July 1999. Compassionate Grounds Guide (pdf) Find out how and when you can access your super early on compassionate grounds. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. Mon-Fri 8. 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. Note, you will need to meet the eligibility criteria for opening an Accumulation account, as outlined in this PDS. If you don’t tell us a date, we’ll use the unit price applicable on the date we receive your request for information. apply unless you. So an Income account can be helpful because it allows withdrawals at any time. Start making voluntary contributions to your super from your. Tell us how you want to invest your. To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. More reasons to feel good. 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. A QSuper Accumulation account is a simple accumulation style superannuation product that only allows withdrawals in limited circumstances as permitted by superannuation law. gov. Accumulation. More reasons to feel good. ) OR I want to withdraw all of my benefit. Who is the. Join QSuper. You can check the asset allocation for each by selecting the account type. lump sum withdrawal. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. au Fax 1300 242 070 Website qsuper. 2. QSuper Insurance Guide (pdf) Understand the insurance for eligible members with our Accumulation account. Accumulation account claim form - QSuper - Queensland Government. 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. 15% per annum from 1 July 2022. Up to the automatic acceptance limit; eligibility criteria apply. 2 As such, the balance of your Retirement Income account will be ‘deemed’ to earn a certain amount of income based on the balance at 1 July each year. Change how your super is invested, or change which investment option your income payments. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. Use this form if you're at your preservation age and want to withdraw some super.