16% to 0. 6. Income account holders can either make a binding death benefit nomination or. Prepared and issued by the QSuper Board ABN. Note that you can only make the higher rates of 6-8% if you are catching up after paying less than 5%. Accumulation account; Transition to Retirement Income account; Retirement Income account. tell us the account(s) you want to split contributions from. Ranges. This is the amount. Statement for Income Account and Lifetime Pension for more information. QSuper account, it's important to lodge a Notice . 1. Assumes no withdrawals, no switching and no insurance premiums. withdrawal or transfer out of my QSuper Accumulation . This means after investment fees and costs, transaction costs, and investment taxes. See full list on qsuper. When you're ready, retire with QSuper. More reasons to feel good. 1. apply unless you. 9% for the Lifecycle option's Balanced Pool, and 11. As an Australian Retirement Trust member, you’re winning. Where necessary, consider seeking professional advice tailored to your individual. Super. Accumulation account (if applicable)? No, I don’t want to withdraw money. These terms and conditions apply to QSuper Member Online and the QSuper app ('Member Online'), and your use of and access to these services. Up to the automatic acceptance limit. 65 or over. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. QSuper Defined Benefit members aged between 60-64 years old have an average QSuper total balance of $544,187 as at 30 June 2020. Death Benefit Claim Guide (pdf) Find out how to make a death benefit claim. Other publications. This means after investment fees and costs, transaction costs, and investment taxes. 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. Download . Your super balance is counted as an asset. 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. Open a QSuper account. Your minimum payment amount is a percentage of your Income account balance as at. QSuper Accumulation account when you make a lump sum withdrawal. Income account and Lifetime Pension. 210 means 21% of your final salary. Tax and super. Why QSuper? A focus on long-term performance. 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. 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. Defined Benefit Account Guide (including Deferred. Last name. need to complete the Accumulation Account DepartingOnce you've reached the age you can withdraw your super, there are a number of ways to draw on your retirement savings. • Have a superannuation balance of at least $30,000 at commencement. Contributing spouse’s account to withdraw from. 15% per annum from 1 July 2022. tell us the account(s) you want to split contributions from. 15% per annum1 • The administration fee cap will be reduced from $900 toFrom 1 July 2023, we’ve made some changes to the insurance we offer through your Accumulation account that may affect you. You generally need to be retired or 65 years old to open our Income account. 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 not eligible for a QSuper account, don't worry – you can still join. 00am to 6. Regular income payments. You must maintain at least $500 in your transaction account at all times. View the detailed list of what this option invests in for Accumulation or Income accounts. Register for Member Online and keep track of your super, download your statements, manage your investments, insurance and more. Email [email protected] account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension;. Super. Use this form if you're at your preservation age and want to withdraw some super. Make a Withdrawal from an Accumulation Account. 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. Accumulation account claim form - QSuper - Queensland Government. You'll find this in the back of the Accumulation. it to a QSuper Accumulation account. Otherwise, there are 2 forms that you need to fill out. Access your super . au) or with the Open an Accumulation Account form. 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. Why QSuper? A focus on long-term performance. Contributing spouse’s account to withdraw from. • This product is designed for consumers within Australia in accordance with Australian laws and regulations. 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. apply unless you. gov. With advice available online and over the phone, it's only a call or a few clicks away. 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. 8am–6pm AEST. If your super is taxed, you may find it to be lower than tax on income and investment earnings outside of super. 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. 16% to 0. 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. We're honoured to have received SuperRatings ' 15-year Platinum rating. Amount $ , , X Option 3 – Transfer a nominated amount to my other super fund or SMSF. View Focus 1 Dashboard. 1. This option could experience negative returns over the short term. 60 to 64. Accumulation account Transition to Retirement Income account. Retirement accounts . Use this form if you're at your preservation age and want to withdraw some super. Ranges. If you don’t already have an Accumulation account, you’ll need to open one first. 1300 360 750. If you need a quicker answer, feel free to call us. Centrelink's income and assets tests for the Age Pension treat an Income account and a Lifetime Pension differently. 1. gov. Keeping track of your super is one place to start in helping you take control of your financial future. There are also tax advantages to super, making it one of the most tax-effective ways. Your employer may also pay an extra contribution to your Accumulation. We'll refund to you any amount already charged above the cap. 100%. Why QSuper? A focus on long-term performance. Make a withdrawal. In Member Online, go to Account history & statements, then Yearly transaction summary. 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. The table below shows the different percentage rates of your salary you can contribute and how this grows your multiple. gov. financial hardship, compassionate grounds, terminal medical condition, or total and. Follow the link below to find out more. QSuper performance review. 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. 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. Award-winning Money magazine’s Best Retirement Innovator 2023 2. 25%. We pay this to your QSuper Accumulation account while you’re getting an income protection benefit. Returns shown are based on disclosed unit prices and are compound annualised return, net of fees and tax. If you need to access your super, we'll ask you for a valid form of identity (ID). 1. Australian Retirement Trust is proud to take care of over $200 billion in retirement savings for more. au/forms. 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. Withdraw some or all of your balance when you need it. The members must have received money from an expired fund member after the first of July 2016. Mon-Fri 8. Withdraw your super; Seminars and education;See the Sunsuper and QSuper merger guide for details. Minimum superannuation drawdown rates. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. 15% per annum from 1 July 2022. Defined Benefit Account Guide (including. paid in Retirement Bonuses. For a terminal medical condition, it’s tax-free to withdraw a lump sum within 24 months. 3. Accumulation account; Transition to Retirement Income account; Retirement Income account. A multiple of 0. Use this form if you're at your preservation age and want to withdraw some super. qld. Would you like to make a withdrawal from your . 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. 00am to 6. For a terminal medical condition, it’s tax-free to withdraw a lump sum within 24 months. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. Once opened, we will pay your insurance benefit into this. Make a Withdrawal from an Accumulation Account. 15% per annum. 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. Accumulation account Transition to Retirement Income account. 00pm AEST. Death Benefit Claim Guide (pdf) Find out how to make a death benefit claim. Transfer Your Defined Benefit to an. Use this form if you're at your preservation age and want to withdraw some super. Default option for members with an Accumulation account who have not made an investment choice. Award-winning. 16% to 0. 2. 10-year annual return - Balanced option 3. Mon-Fri 8. 2. Then set up regular payments to your bank account. Income account and Lifetime Pension. 1300 360 750. It must be read in conjunction with Part A of this PDS. You can choose from Lifetime, Diversified, or Single Sector. 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. 00pm AEST. 1. • Have a superannuation balance of at least $30,000 at commencement. To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. Our performance. account? If you have withdrawn part of your super as a lump sum, or transferred out part of your Accumulation account balance (e. 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. Use this form to cancel the income protection, TPD, or death cover you hold through an Accumulation account. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Answers to frequently asked questions about QSuper accounts, online access, financial advice and more. EXAMPLE — QSuper Accumulation account (Lifetime Outlook) BALANCE OF $50,000. However, if you prefer, you can fill in and send us a QSuper investment switch form. Make a withdrawal. Online Advice1 – Log in to Member Online for our online advice service about your super. Hear insights from QSuper’s panel discussion about the forces that may influence investment and risk in a post-pandemic world. Your TFN. Mon-Fri 8. This means after investment fees and costs, transaction costs, and investment taxes. Why QSuper? A focus on long-term performance. Super. View Focus 1 Dashboard. 4% p. 8am–6pm AEST. 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. Learn more about how your super is taxed. So we provide a rebate if you pay more than $875 across your Accumulation and Income account/s. 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. With an account-based pension like our Retirement Income account, you can get regular income payments as long as you have a balance. TPD ends at age 60 if you work for the Queensland Police Service as a police officer. 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. Investment earnings (returns) are generally tax-free for Retirement Income accounts, 1 and taxed at up to 15% for Transition to Retirement Income accounts. More reasons to feel good. QSuper performance review. Past performance is not a reliable indicator of. 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. Super. Her annual minimum withdrawal will increase from 2. 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. The graph shown above is based on unit prices, which are net of fees and taxes. 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. Make sure you consider the information below before making a choice. Keep your personal details up-to-date in Member Online and check your super balance today. Once funds have departed QSuper please allow up to 24-72, depending on your banks processing time for the. 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. This is the amount. 22% p. Q3. 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. Choose to receive regular payments or make one-off withdrawals from your super. Calculators. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and. 6. a. 1300 360 750. 00am to 6. Keep your personal details up-to-date in Member Online and check your super balance today. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. Once opened, we will pay your insurance benefit into this. If you don’t already have a QSuper Accumulation account, you will need to open one first in Member Online. These figures have been rounded for member reporting. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. This includes your personal contributions and interest paid before 1 July 1999. Superannuation. If you are transferring money to another super fund, you will need to keep a minimum of $6,000 with QSuper. Why QSuper? A focus on long-term performance. 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. Would you like to make a withdrawal from your . Keeping track of your super is one place to start in helping you take control of your financial future. You can split up to 85% of your eligible before-tax contributions for a financial year. If you don’t tell us a date, we’ll use the unit price applicable on the date we receive your request for information. 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. 31 December 2022 5 min read. More reasons to feel good. lump sum withdrawal. View our forms for claims, withdrawals, and transfers out. Proving your identity; Withdraw your super; Seminars and education. 00am to 6. If we already have your TFN, you do not need to give it to us again. Use this form if you're at your preservation age and want to withdraw some super. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). a. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. 00am to 6. This includes your personal contributions and interest paid before 1 July 1999. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. 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. lump sum withdrawal. 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. (QSuper accounts only). ) Amount $ , , X Option 2 – Transfer some of my Choice Income or TTR Income account to my AustralianSuper superannuation account. If you're eligible, it only takes 10 minutes to apply online and. keep a minimum account balance of $10,000 if you wish to keep an Accumulation account open. 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. gov. There are also tax advantages to super, making it one of the most tax-effective ways. Compassionate Grounds Guide (pdf) Find out how and when you can access your super early on compassionate grounds. gov. 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. TPD ends at age 60 if you work for the Queensland Police Service as a police officer. au/forms. qld. a. Withdraw your superStatement for Income Account and Lifetime Pension for more information. Super and Retirement Planning Calculators Salary Sacrifice Calculator Insurance Needs Calculator Insurance Premium Estimator Super Co-contribution Calculator. Manage your Income account. Complete online Download . While term deposits generally can't be broken, you may be granted access to withdraw or transfer your super due to special circumstances. Over 10 years, it returned 8. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. I’d like to withdraw the following amount (net). Your annual statement will show your opening balance at the beginning of the financial year, compared with your closing balance at the end of the financial year. More reasons to feel good. 10-year annual return - Balanced option 3. The administration fees members pay from their QSuper Accumulation account(s) and Income account(s), and those that are deducted from the Lifetime Pension pool, are proposed be reduced from 0. The contributing spouse will need to keep a minimum of $10,000 in their QSuper Accumulation account. Complete online Download. 00pm AEST. 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. 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 Accumulation account claim form - QSuper - Queensland Government. QSuper Accumulation account when you make a lump sum withdrawal. Longer-term returns remain strong,. 16% to 0. Email address. Retire with confidence with QSuper, part of Australian Retirement Trust (ART). You must: Have received eligible government income support payments for 26 weeks in a row and are still receiving these payments when you apply; Show you are unable to pay reasonable and immediate family living costs, such as utility bills, groceries, or rentAustralian Retirement Trust is the super fund formed through the merger of QSuper and Sunsuper. As a fund that works for members, not shareholders, we work in members’ best interests, and are. 2. Withdraw your super; Seminars and education;. This minimum balance will . Why retire with QSuper. Choose your payment amount and frequency. QSuper provides insurance cover for when life doesn't go to plan. ) Amount $ , , X Option 2 – Transfer some of my Choice Income or TTR Income account to my AustralianSuper superannuation account. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. We then know how much tax to withhold from your payments. Option 2 – Partial transfer and keep account I want to keep my QSuper Accumulation account or Income account open. Accumulation account claim form - QSuper - Queensland Government. Returns from cash are now expected to move lower and could likely become. 2. Accumulation account Transition to Retirement Income account. Currently Yumiko has 10% of her super pension invested in cash for short-term needs. 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. (PDS) available at qsuper. Withdraw your super; Seminars and education. • 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. If you have. Transfer Your Defined Benefit to an. 4. USI (Unique superannuation identifier) QSuper accounts: 60905115063001. 10%, from 0. Please refer to the QSuper. Note, you will need to meet the eligibility criteria for opening an Accumulation account, as outlined in this PDS. 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. We're awarded for providing value for our members, from your working life through to enjoying retirement. au/forms). 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. Is it possible to withdraw money from QSuper? Withdrawing funds from accounts associated with retirements is possible through QSuper. 1% for Income accounts. Accumulation. Amount $ , , X Option 3 – Transfer a nominated amount to my other super fund or SMSF. If they're not a QSuper member yet, we'll open an Accumulation account for them. 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 a QSuper account with us, you'll still log in through the QSuper website. 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. Log in. You can check the asset allocation for each by selecting the account type. 00pm AEST. 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. 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. Hi Garry, thanks for your question. 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. Check your account balance. Early withdrawal for disability or financial hardship. Explore your options for retirement income with our Retirement Calculator. Past performance is not a reliable indicator of future performance. 00am to 6. Withdraw your super; Seminars and education. 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. Why QSuper? A focus on long-term performance. Fill in your retiring employee's last day on this form if they want to withdraw money from their Accumulation account. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. The QSuper returns are being compared to the medium result each year for. If you’re not eligible, find out about other products offered by Australian Retirement Trust. 4.