You generally need to be retired or 65 years old to open our Income account. Check your account balance. This is the amount that is charged to a. 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. Contributing spouse’s account to withdraw from. When you're ready, retire with QSuper. 00pm AEST. 1. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Option 1 – Claim through QSuper. Find out more. 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). Make a withdrawal. Mon-Fri 8. Pension, you will also need to complete the Open an Income Account and/or Lifetime Pension form at the back. This Accumulation Account Guide provides details about the QSuper Accumulation account product, and other important topics like how fees and taxation apply to the. Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. Administration fees and costs 1. Who is the. Here we explain what this means for QSuper members who have insurance cover with an Accumulation account. 1. Otherwise, you can withdraw all your funds and close your accounts. Object moved to here. 100%. Keep your existing QSuper Accumulation account open, to continue to grow your balance and for your employer to make your super contributions on your behalf Decide how much to withdraw as a regular income stream between a minimum of 4% and a maximum of 10% of the Income account balanceThe forms you need to consolidate your super from other funds into your QSuper account, or transfer your defined benefit to an Accumulation Account. If you have more than one Accumulation account, please . Contributing spouse’s account to withdraw from. 75% contribution replacement benefit. Income for life. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. 1300 360 750. Choose investments. This means after investment fees and costs, transaction costs, and investment taxes. Make a Withdrawal from an Accumulation Account. Grow your 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. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. 00pm AEST. g. 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. The table below shows the different percentage rates of your salary you can contribute and how this grows your multiple. 2. Accumulation. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. Read our Defined Benefit Guide (pdf) 1. As a fund that works for members, not shareholders, we work in members’ best interests, and are. gov. Award-winning. The Cash option invests in a mix of deposits at call, bank bills, and term deposits. 6. Explore ways to personalise your QSuper Income account to suit your needs. You need to already have a QSuper Accumulation . If they're not a QSuper member yet, we'll open an Accumulation account for them. 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. QSuper is part of Australian Retirement Trust (ART). Super. Keeping track of your super is one place to start in helping you take control of your financial future. 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. Insurance forms. It’s a popular and tax-effective way to access your super. 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. 1. Keeping track of your super is one place to start in helping you take control of your financial future. If you have more than one Accumulation account, please . QSuper Accumulation account when you make a lump sum withdrawal. QSuper Accumulation account when you make a lump sum withdrawal. Turn your super into regular payments using a retirement income stream. 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. More reasons to feel good. qld. What. Accumulation account Transition to Retirement Income account. Switch Investments in an Income Account. We’ve made it easy for you to make changes to the investment strategy in your QSuper Accumulation account. Phone 1300 360 750. 3. Why QSuper?. Online Advice1 – Log in to Member Online for our online advice service about your super. Hi Garry, thanks for your question. Accumulation account; Transition to Retirement Income account; Retirement Income account. The Police account closed to new members on 1 January 1993. au Title First name. Then set up regular payments to your bank account. I understand thisAustralian Retirement Trust is the new fund name for the QSuper/Sunsuper merger. 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. 1300 360 750. Attention! Your ePaper is waiting for publication! By publishing your document, the content will be. 1. Your QSuper Retirement Income account is considered to be a financial asset. Application to Transfer My Insurance to QSuper. Default option for members with an Accumulation account who have not made an investment choice. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. Language assistance. it to a QSuper Accumulation account. Why QSuper? A focus on long-term performance. Defined Benefit Account Guide (including. Our app is designed for members with a QSuper account. More reasons to feel good. 8am–6pm AEST. 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. The reduction ends on 30 June 2023. Your quick guide to your super obligations. 1. 19 January 2023 Brian Parker 6 min read. However, in most cases, your new employer can contribute to a QSuper Accumulation account for you. Self Invest is closing to new investors. 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. Super. contributions only. If you open your account part way through the financial year, the balance at the start of the account will be used. Your minimum payment amount is a percentage of your Income account balance as at. Over 10 years, it returned 8. fund), you may be able to claim a tax deduction on the contributions that remain in your QSuper Accumulation. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through your Option 2 – Transfer my funds to a QSuper Accumulation account My existing QSuper Accumulation account number: If you don’t have an Accumulation account yet You can open a QSuper Accumulation account in Member Online (memberonline. QSuper returns are driven by our investment approach that aims to provide consistent growth over the long term with less risk. A super withdrawal due to financial hardship is paid and taxed as. 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. Depending on your age, your withdrawals and payments may be taxed. 100%. If you are transitioning from the accumulation phase to the retirement phase, there is a limit on how much you can. 1300 360 750. Use this form if you're at your preservation age and want to withdraw some super. 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. 3. As at 30 June 2023. Prepared and issued by the QSuper Board ABN. 1300 360 750. gov. 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. Option 1 – Claim through QSuper. 2. Accumulation account Transition to Retirement Income account. Retirement accounts . 00pm AEST. 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. our Super Savings Balanced option returned 10% for Accumulation accounts, 9. 00pm AEST. An account-based pension has various names within the superannuation industry. Assumes no withdrawals, no switching and no insurance premiums. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. Compassionate Grounds Guide (pdf) Find out how and when you can access your super early on compassionate grounds. 2. 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. Mon-Fri 8. g. 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. The QSuper Balanced Accumulation option returned 2. au) or with the Open an Accumulation Account form (qsuper. Accumulation account; Transition to Retirement Income account; Retirement Income account. 2. Eligibility for the super co‑contribution 2023‑24. Factsheets. qld. Accumulation account Transition to Retirement Income account. Returns shown are based on disclosed unit prices and are compound annualised return, net of fees and tax. 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. These terms and conditions apply to QSuper Member Online and the QSuper app ('Member Online'), and your use of and access to these services. Award-winning. You can access your super, without restrictions, even if you're still working. Default option for members with an Accumulation account who have not made an investment choice. The Cash option invests in a mix of deposits at call, bank bills, and term deposits. You need to have been a member with us for at least 12 months. 1. Award-winning. Tax File Number Declaration (under age 60 only) Only use this form if you're under 60 and starting or restarting an Income account or making an income protection claim. Accumulation account Transition to Retirement Income account. Mon-Fri 8. gov. QSuper Insurance Guide (pdf) Understand the insurance for eligible members with our Accumulation account. 2. If we already have your TFN, you do not need to give it to us again. Transfer some or all of your Super Savings Accumulation account balance into your new Retirement Income account. Compassionate Grounds Guide (pdf) Find out how and when you can access your super early on compassionate grounds. lump sum withdrawal. Check if you're eligible below. 16% to 0. Annual reports. 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. Applications from outside1. 00pm AEST. 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. Accumulation account Transition to Retirement Income account. 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 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. Email QSuper. keep a minimum account balance of $10,000 if you wish to keep an Accumulation account open. g. Award-winning. 1. Get personal advice about your QSuper account at a time that suits you. Manage your Income account. 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. There are also tax advantages to super, making it one of the most tax-effective ways. It must be read in conjunction with Part A of this PDS. • 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. Download . 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. 00am to 6. Withdraw your super; Seminars and education;. Become familiar with the content of the TMDs for QSuper products. 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. Download . QSuper accounts (participating employer): 60905115063002. 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. 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. With advice available online and over the phone, it's only a call or a few clicks away. You may also be eligible to claim a tax deduction. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. Log in. 10-year annual return - Balanced option 3. 15-year platinum. Voluntary contributions are projected as part of the Accumulation account. Centrelink's income and assets tests for the Age Pension treat an Income account and a Lifetime Pension differently. Read our Defined Benefit Guide (pdf) 1. When you're ready,. If we already have your TFN, you do not need to give it to us again. 15% per annum from 1 July 2022. QSuper accounts have a cap of $875 per year on the administration fees and costs you pay. 60 to 64. Online Advice1 – Log in to Member Online for our online advice service about your super. 00am to 6. au/PDS or call us on 1300 360 750 to request a copy. He has a superannuation accumulation balance of $1,250,000. gov. Voluntary contributions are projected as part of the Accumulation account. Mon-Fri 8. Transfer your cover from another insurer or super fund to your QSuper account. The total approximate opening balance of my new Income account should. In the event the Trustee suspends unit prices on any or all. $67. Monday to Friday. International +61 7 3239 1004. 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. tell us the account(s) you want to split contributions from. How those changes might impact you depends on your age, cover amount and employment details (including occupational rating). Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. Make a Withdrawal from an Accumulation 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. Other publications. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. The members must have received money from an expired fund member after the first of July 2016. Lifetime Pension Retirement Income account Enjoy retirement with regular income payments. Calculators. Other assets. More reasons to feel good. 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. Where necessary, consider seeking professional advice tailored to your individual. Award-winning. If you’ve reached. 60 to 64. They don't have to wait until age 25 and over. Personal assets. If you have a QSuper account with us, you'll still log in through the QSuper website. Just keep in mind that it may take up to three business days to get back to you. Awards are only one factor to be taken into account when deciding to invest. Transfer the following amounts to an Income account: $ OR % of my Accumulation account (you must leave a minimum of $10,000. The table below shows the different percentage rates of your salary you can contribute and how this grows your multiple. When you're ready, retire with QSuper. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. And you can withdraw extra money when you need to. 00am to 6. 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. 1. Register now. • Withdraw your benefit as cash. Guides. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Withdraw your super; Seminars and education;See the Sunsuper and QSuper merger guide for details. Taking five simple actions today may help you feel more in control of your future. 4% p. EXAMPLE — QSuper Accumulation account (Lifetime Outlook) BALANCE OF $50,000. 00am to 6. Open a QSuper account. These definitions can be found in the QSuper Insurance Guide (pdf). Why QSuper? A focus on long-term performance. Application form contained within the PDS for our Accumulation account. Police account until age 55 or transfer it to a QSuper Accumulation account. Download . Make a Withdrawal from an Accumulation Account. Just choose your enquiry type, and type your message and personal details below. 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. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. 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. 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. Australian Retirement Trust was formed through the merger of QSuper and Sunsuper on 28 February 2022. If you're eligible, it only takes 10 minutes to apply online and. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. A multiple of 0. 4. 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. Before completing this claim form, please read theQSuper Accumulation account when you make a lump sum withdrawal. Up to the automatic acceptance limit. 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. PLUS Investment fees and costs. Choose to receive regular payments or make one-off withdrawals from your super. Note, you will need to meet the eligibility criteria for opening an Accumulation account, as outlined in this PDS. Contributing spouse’s account to withdraw from. You need to provide your personal details, tax file number, bank details, and tax options for your payment. Access via Member Online. Download the QSuper Insurance Guide (pdf) for details. gov. 1 (if we know you by another name) Date of birth (dd/mm/yyyy) / / Home phone number Mobile phone number Work phone number. 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. Introduction<br /> What is superannuation<br /> Superannuation is a long-term investment for your<br /> future retirement lifestyle. a. gov. 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. QSuper Accumulation account when you make a lump sum withdrawal. Your Adviser – We can work with your adviser. Withdraw your super; Seminars and education;. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. 31,545. Australian Retirement Trust is proud to take care of over $200 billion in retirement savings for 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. Accumulation account Transition to Retirement Income account. Tax and super. 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. Generally, you need to wait until after the financial year ends to apply (unless you're leaving your. 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. financial hardship, compassionate grounds, terminal medical condition, or total and. 1. Easily give your employer your new QSuper account details. This includes your personal contributions and interest paid before 1 July 1999. This minimum balance will apply unless you are withdrawing. gov. QSuper provides insurance cover for when life doesn't go to plan. QSuper Accumulation account when you make a lump sum withdrawal. Super. If you have multiple super funds and . Proving your identity; Withdraw your super; Seminars and education. Open an Accumulation Account for Lifetime Pension applicants (pdf). Retired. 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. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. 3. The graph shown above is based on unit prices, which are net of fees and taxes. Change how your super is invested, by switching investment options in your Accumulation account. If you are . 210 means 21% of your final salary. I’d like to withdraw the following amount (net). Answers to frequently asked questions about QSuper accounts, online access, financial advice and more. Use this form if you're at your preservation age and want to withdraw some super. We're honoured to have received SuperRatings ' 15-year Platinum rating. If your super balance is more than $5,000, you will . In the event the Trustee suspends unit prices on any or all. Our performance. Income account and Lifetime Pension. 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. 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. • 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. Members can still enjoy the products and services they know and trust. Income account holders can either make a binding death benefit. Superannuation. Is it possible to withdraw money from QSuper? Withdrawing funds from accounts associated with retirements is possible through QSuper. 00am to 6. 5. 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. Why QSuper? A focus on long-term performance. 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. 5. qld. 210 means 21% of your final salary. To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. Police account until age 55 or transfer it to a QSuper Accumulation account. 2. Consolidate now. 1300 360 750. Download. These minimum balances will apply unless you are. g. With an account-based pension like our Retirement Income account, you can get regular income payments as long as you have a balance. au You also want an ePaper? Increase the reach of. 1300 360 750. When you're ready, retire with QSuper. You won’t be able to withdraw the amount if you don’t meet a condition of release. 1. Stapling aims to reduce unintended multiple accounts. 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. 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. qld. account? If you have withdrawn part of your super as a lump sum, or transferred out part of your Accumulation account balance (e. Change payment frequency and amount. Use this form if you want to make a one-of voluntary contribution to your QSuper Accumulation account via EFTPOS, cheque, or money order. If you’re not eligible, find out about other products offered by Australian Retirement Trust. Accumulation account (if applicable)? No, I don’t want to withdraw money. We're honoured to have received SuperRatings ' 15-year Platinum rating. Taking five simple actions today may help you feel more in control of your future. Death Benefit Claim Guide (pdf) Find out how to make a death benefit claim. 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. Make the most of your entitlements and deductions at tax time. 2. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Withdraw your super. If you have. Previous name. Proof of identity. 1. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details.