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 to a QSuper Accumulation account. • Have a superannuation balance of at least $30,000 at commencement. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension Complete this form if you want to make either a lump sum withdrawal from your Income account, or transfer funds from your Retirement Income account or Transition to Retirement Income account to your existing QSuper Accumulation account. There are no exit fees for partial lump sum withdrawals. 00am to 6. Super. Depending on where you work, you can also salary sacrifice into other things like buying a car. 00pm AEST. 15% per annum from 1 July 2022. 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. QSuper performance review. What. or 30% contributions tax if your income plus contributions is more than $250,000 per year. Transfer Your Defined Benefit to an. 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. Super. ) Amount $ , , X Option 2 – Transfer some of my Choice Income or TTR Income account to my AustralianSuper superannuation account. 1 (if we know you by another name) Date of birth (dd/mm/yyyy) / / Home phone number Mobile phone number Work phone number. it to a QSuper Accumulation account. The Reserve Bank of Australia (RBA) recently cut its official cash rate to a record low of 0. Open an Accumulation Account. Quick, easy investment advice. Withdraw your super; Seminars and education;. Accumulation account Transition to Retirement Income account. 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. If you transfer your account to a QSuper Accumulation account before age 55 none of your benefit can be withdrawn as cash until retirement, including your personal contributions and interest paid before 1 July 1999. 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. it to a QSuper Accumulation account. 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. 3. You can check the asset allocation for each by selecting the account type. 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. 15-year platinum. QSuper Accumulation account when you make a lump sum withdrawal. Download . Other assets. Just as you may keep track of your bank accounts, you can also keep track of your super account. Salary-based income protection cover is set at 87. 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. Make the most of your entitlements and deductions at tax time. 60 to 64. This minimum balance will apply unless you are withdrawing all of your funds and closing your account. QSuper accounts (participating employer): 60905115063002. 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. 16% to 0. Your age How much super you can withdraw Eligibility notes; Under 65: $1,000 - $10,000 before tax. You need to provide your personal details, tax file number, bank details, and tax options for your payment. More reasons to feel good. So an Income account can be helpful because it allows withdrawals at any time. The Police account closed to new members on 1 January 1993. 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. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension; Why QSuper? A focus on long-term performance. 16% to 0. If you are transitioning from the accumulation phase to the retirement phase, there is a limit on how much you can. That. qld. 16% to 0. 00pm AEST. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details. 1. Why QSuper? A focus on long-term performance. 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. 1. 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). Why you'll love it here. 15% contributions tax. Why retire with QSuper. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through yourAs a QSuper member, you have access to financial advisers who can help you make a retirement plan right now. 2. 2 Request to transfer your SMSF money to QSuper by using any of the following options: Option 1 Ask QSuper to arrange the transfer of money fromTogether it's more super. If you need to access your super, we'll ask you for a valid form of identity (ID). Set a budget. Start or Change Regular Contributions to Your Super. It's easy to check whether your Accumulation account and/or Income account is invested in the right options for you. You need to send us a Transfer Your Defined Benefit to an Accumulation Account form to let us know how you want to invest your benefit and whether you would like insurance through your super. Just keep in mind that it may take up to three business days to get back to you. 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. ) Amount $ , , X Option 2 – Transfer some of my Choice Income or TTR Income account to my AustralianSuper superannuation account. Make a Withdrawal from an Accumulation Account. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. 8am–6pm AEST. Option 1 – Claim through QSuper. QSuper Accumulation account when you make a lump sum withdrawal. It's easy to check how much insurance you have and make any changes, in Member Online. Wrong. Complete online Download . The graph shown above is based on unit prices, which are net of fees and taxes. 1. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Otherwise, you can withdraw all your funds and close your accounts. This document is Part B of the QSuper Product Disclosure Statement for Income Account and Lifetime Pension (PDS). The money needs to come from: Your Accumulation account, Your Transition to Retirement Income account, or; A superannuation death benefit. 00am to 6. $ OR. Default option for members with an Accumulation account who have not made an investment choice. 4% p. Contribute to your spouse's super. Home owner. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. 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 Retirement Trust (ABN 60 905 115 063) (Fund). Super. If you have more than one Accumulation account, please . Police account until age 55 or transfer it to a QSuper Accumulation account. Mon-Fri 8. Income account holders can either make a binding death benefit nomination or. 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. account? If you have withdrawn part of your super as a lump sum, or transferred out part of your Accumulation account balance (e. Why QSuper? A focus on long-term performance. Compassionate Grounds Guide (pdf) Find out how and when you can access your super early on compassionate grounds. Police account until age 55 or transfer it to a QSuper Accumulation account. Deeming and your QSuper account. Self Invest is closing to new investors. Death Benefit Claim Guide (pdf) Find out how to make a death benefit claim. 31 December 2022 5 min read. QSuper Retirement Income account; Super Savings Retirement Income account, Lifetime Pension. Once opened, we will pay your insurance benefit into this. You can control how much you pay yourself each year from your Retirement Income account or Transition to Retirement Income account, but you need to get at least the minimum amount set by the government. A transition to retirement (TTR) pension lets you access up to 10% of your super each financial year while you're still working. Fax 1300 242 070 Website qsuper. Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. Accumulation account Transition to Retirement Income account. Choose your payment amount and frequency. 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. Grow your super. 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. Eligibility conditions apply. The default cover you get automatically depends on your age, employment arrangements, and account balance. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. Longer-term returns remain strong,. our Super Savings Balanced option returned 10% for Accumulation accounts, 9. Amount $ , ,Open a QSuper account. Your QSuper journey starts now. This includes a 12. Refer to the Financial Services Guide (pdf) for more information. Object moved to here. Simply log in to Member Online or download the QSuper app, to. 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. More reasons to feel good. If you don’t have one, we may refer you to an accredited external financial adviser. If your super is taxed, you may find it to be lower than tax on income and investment earnings outside of super. We strive to help each of our. 9% for the Lifecycle option's Balanced Pool, and 11. 2. Note, you will need to meet the eligibility criteria for opening an Accumulation account, as outlined in this PDS. If you have a Defined Benefit or Income account, please refer to the relevant FAQs below. 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). You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. Amount $ , , X Option 3 – Transfer a nominated amount to my other super fund or SMSF. So we provide a rebate if you pay more than $875 across your Accumulation and Income account/s. 68% for the December quarter and -4. This option is designed for medium to long-term investing, with some assets that can potentially give higher returns. 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. Accumulation account claim form - QSuper - Queensland Government. 1. If you have a QSuper account with us, you'll still log in through the QSuper website. 00am to 6. Change how your super is invested, or change which investment option your income payments. Our award-winning Retirement Income account lets you pay yourself a regular income from your super once you finish work, with the balance invested. In the event the Trustee suspends unit prices on any or all. au Application to Cancel Insurance. 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. 3. Transfer some or all of your Super Savings Accumulation account balance into your new Retirement Income account. Find the best retirement account to suit your lifestyle today. Monday to Friday. qld. Then set up regular payments to your bank account. 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. Manage your Income account. Award-winning. au/forms). If they're not a QSuper member yet, we'll open an Accumulation account for them. Our PDS and range of helpful guides contain everything you need to know about our Accumulation and Income accounts. Under the changes, from 1 July 2021, account balance conditions apply if you have more than $1. gov. To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. Retired. 15% per annum. 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. 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. paid in Retirement Bonuses. 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. This minimum balance will . qld. Here we explain what this means for QSuper members who have insurance cover with an Accumulation account. Would you like to make a withdrawal from your . 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. Register for Member Online and keep track of your super, download your statements, manage your investments, insurance and more. • 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. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). Your TFN. You must keep a minimum balance of $6,000 in an Accumulation account. When we pay your super to your chosen beneficiaries, it will include any death cover you may have had through your Accumulation account. If you do want to switch investments, it's easiest and quickest to do this online. Minimum superannuation drawdown rates. If your super balance is more than $5,000, you will . Transition to Retirement Income account;. QSuper returns are driven by our investment approach that aims to provide consistent growth over the long term with less risk. If you're eligible to open a QSuper account, it only takes around 10 minutes to apply online, and you'll be on your way to enjoying the QSuper feeling. Monday to Friday. Contributing spouse’s account to withdraw from. 1. or you can also use up to 3 years of cap ($330,000) under bring-forward rules, if your total super balance was less than $1. There are also tax advantages to super, making it one of the most tax-effective ways. Withdraw your super; Seminars and education;. withdrawal or transfer out of my QSuper Accumulation . 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. 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. As an Australian Retirement Trust member, you’re winning. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). Get started now. 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. Awards are only one factor to be taken into account when deciding to invest. EXAMPLE — QSuper Accumulation account (Lifetime Outlook) BALANCE OF $50,000. And you can withdraw extra money when you need to. Find out more about your insurance and COVID-19. 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. Tax and super. 00am to 6. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. 00am to 6. For disability payouts, it depends whether you take a lump sum or income payments. Our performance. With an account-based pension like our Retirement Income account, you can get regular income payments as long as you have a balance. These figures have been rounded for member reporting. The reduction ends on 30 June 2023. Accumulation account Transition to Retirement Income account. Check if you're eligible below. 16% to 0. 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. 100%. To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. account to use this form. 1. 77% over the year to December 2022. QSuper Accumulation account when you make a . 75% of your insured salary which includes a contribution replacement benefit of 12. 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. Withdraw your super; Seminars and education. When you're ready, retire with QSuper. Our app is designed for members with a QSuper account. Any amount charged over that cap must be refunded. 00pm AEST. Accumulation account; Transition to Retirement Income account; Retirement Income account ;. The table below shows the different percentage rates of your salary you can contribute and how this grows your multiple. 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. Make sure you consider the information below before making a choice. Alex puts the $200,000 into super as a non-concessional (after-tax) contribution, using the bring-forward rules to. Super contributions and withdrawals are generally taxed, however under some circumstances may be tax free. To get a more accurate projection, please complete the details below. Log in. 16% to 0. Award-winning Money magazine’s Best Retirement Innovator 2023 2. This includes your personal contributions and interest paid before 1 July 1999. You'll find this in the back of the Accumulation. Choose to receive regular payments or make one-off withdrawals from your super. Change payment frequency and amount. 4. Accumulation account Transition to Retirement Income account. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. keep a minimum account balance of $10,000 if you wish to keep an Accumulation account open. lump sum withdrawal. Previous name. Phone Advice1 – Call 1300 360 750 for over-the-phone advice about your investment strategy. 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. If you’re not eligible, find out about other products offered by Australian Retirement Trust. 2. Once you have our acknowledgment letter, lodge your tax return, stating the amount you are claiming in the supplementary section of your tax return. Withdraw your super; Seminars and education. 16% to 0. (PDS) available at qsuper. QSuper Insurance Guide (pdf) Understand the insurance for eligible members with our Accumulation account. Super. Super and Retirement Planning Calculators Salary Sacrifice Calculator Insurance Needs Calculator Insurance Premium Estimator Super Co-contribution Calculator. Award-winning. 00am to 6. Use this form to cancel the income protection, TPD, or death cover you hold through an Accumulation account. The total approximate opening balance of my new Income account. A multiple of 0. Proof of identity. Superannuation. Accumulation Account Departing Temporary Resident Claim. 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. 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. Changes to QSuper’s Accumulation account insurance cover, taking effect from 1 July, were outlined to all members in May. 00pm AEST. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension;. Transition to Retirement Income account;. Mon-Fri 8. Lifetime Pension Why QSuper? A focus on long-term performance. Consolidate now. Our award-winning Retirement Income account is an account-based pension that turns your super into income payments and offers several tax benefits. Download . 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. Australian Retirement Trust was formed through the merger of QSuper and Sunsuper on 28 February 2022. In the event the Trustee suspends unit prices on any or all. 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. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. Application form contained within the PDS for our Accumulation account. It aimed to help retirees through market uncertainty. Open a QSuper account. Choose to receive regular payments or make one-off withdrawals from your super. This is an extra payment on top of the superannuation guarantee contribution your employer has to make. Voluntary contributions are projected as part of the Accumulation account. If you have an Income account and have made a reversionary beneficiary nomination, your dependant can. The Cash option invests in a mix of deposits at call, bank bills, and term deposits. The Age Pension is a fortnightly allowance paid to eligible Australian residents by the government. Withdraw your super;. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Deposit and contribution forms. Please refer to the QSuper Investment Guide (pdf) for. Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. The contributing spouse will need to keep a minimum of $10,000 in their QSuper Accumulation account. We're here to help you feel confident about your super. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. How to withdraw super Early access to super. 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. qld. Accumulation Account When to use this form. 75% contribution replacement benefit. View our forms for claims, withdrawals, and transfers out. The Chant West data is based on information provided by third parties that is believed to be accurate at 30 June 2019. You can manage your Income account online using Member Online. 1300 360 750. I understand thisAustralian Retirement Trust is the new fund name for the QSuper/Sunsuper merger. 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. QSuper is part of Australian Retirement Trust (ART). 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. 31,545. Use our calculators to plan your retirement, find out how to grow your super, and understand your insurance needs. Grow your super. 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. 15-year platinum. Retirement accounts. 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. Your TFN. In Member Online, go to Account history & statements, then Yearly transaction summary. 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. Introduction<br /> What is superannuation<br /> Superannuation is a long-term investment for your<br /> future retirement lifestyle. We're awarded for providing value for our members, from your working life through to enjoying retirement. International +61 7 3239 1004. Use this form if you're at your preservation age and want to withdraw some super. QSuper and Sunsuper have agreed that 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, will be reduced from 0. More reasons to feel good. These figures have been rounded for member reporting. 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. Accumulation account Transition to Retirement Income account. lump sum withdrawal. Her annual minimum withdrawal will increase from 2. 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. 2. Click on Claim a tax deduction and follow the prompts. Combined with other measures aimed at boosting the economy, the near-zero rate has dramatically changed expectations for cash returns. 00am to 6. Withdraw your super;. 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. This minimum balance will apply unless you are withdrawing all of your funds and closing your account, or if you have money in Self Invest. 3. 1.