financial hardship, compassionate grounds, terminal medical condition, or total and. Here we explain what this means for QSuper members who have insurance cover with an Accumulation account. gov. Who is the. account? If you have withdrawn part of your super as a lump sum, or transferred out part of your Accumulation account balance (e. Changes to QSuper’s Accumulation account insurance cover, taking effect from 1 July, were outlined to all members in May. au You also want an ePaper? Increase the reach of. Otherwise, there are 2 forms that you need to fill out. Super. If you are transferring money to another super fund, you will need to keep a minimum of $6,000 with QSuper. Proof of identity. QSuper Accumulation account when you make a lump sum withdrawal. QSuper Accumulation account when you make a . 9% for the Lifecycle option's Balanced Pool, and 11. For a terminal medical condition, it’s tax-free to withdraw a lump sum within 24 months. 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. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. 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. Grow your super. I want to keep $100 in my Accumulation account. QSuper offers an accumulation account with flexible investment options, low fees, and long-term performance. 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. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Mon-Fri 8. It’s a popular and tax-effective way to access your super. Your TFN. 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. keep a minimum account balance of $10,000 if you wish to keep an Accumulation account open. Once opened, we will pay your insurance benefit into this. The cost of product assumes a balance of $50,000 at the beginning of the year. 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. Default option for members with an Accumulation account who have not made an investment choice. 07m. Retirement accounts . Your employer may also pay an extra contribution to your Accumulation. The QSuper Balanced Accumulation option returned 2. a. 16% to 0. Please refer to the QSuper. Do not complete this form if you want to:4. Taking five simple actions today may help you feel more in control of your future. Object moved to here. Check how much super you're on track to end up with, what sort of income you can expect in retirement, and how long your super might last. Factsheets. 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. 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. g. X Option 1 – Withdraw part of my account in cash. Insurance premiums for QSuper Accumulation accounts changed on 1 July 2023. Application to Transfer My Insurance to QSuper. 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. If you have a Defined Benefit account and are under age 55, your beneficiaries will be paid your projected benefit to age 55. 00am to 6. Awards are only one factor to be taken into account when deciding to invest. tell us the account(s) you want to split contributions from. apply unless you. This minimum balance will . To make a withdrawal, fill out a Make a Withdrawal from an Accumulation Account form, available on our website at at qsuper. 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. Access your super . Set a budget. gov. International +61 7 3239 1004. 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. 00am to 6. If you don't have a QSuper account, you can apply to join QSuper online if your spouse has a QSuper 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. It aimed to help retirees through market uncertainty. If you have. Open a QSuper account. Change payment frequency and amount. Amount you intend to claimFrom 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Nominate who gets your super Find out who you can leave your super to when you pass away and make sure your loved ones are provided for. 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. Income account holders can either make a binding death benefit nomination or. Calculators. 2. If you have more than one Accumulation account, please . Award-winning Money magazine’s Best Retirement Innovator 2023 2. This means that we should not simply withdrawal the $250,000 Taxable Component and recontribute it, as this would contain part of the Tax Free Component and would leave part of the Taxable Component inside super and we would. Phone Advice1 – Call 1300 360 750 for over-the-phone advice about your investment strategy. Email address. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. gov. gov. Through QSuper by completing the attached Accumulation Account Departing Temporary Resident Claim form, or The quickest way to claim is directly through the Australian. Keep your personal details up-to-date in Member Online and check your super balance today. 48 million at 30 June 2021, then you may be able to make non-concessional contributions. gov. Option 2: Rollover to another fund (select an option 3) Maximum amount. Download. Our award-winning Retirement Income account lets you pay yourself a regular income from your super once you finish work, with the balance invested. Stapling aims to reduce unintended multiple accounts. Phone Advice1 – Call 1300 360 750 for over-the-phone advice about your investment strategy. 16% to 0. g. If you have any additional money you would like to add from outside your QSuper account/s, we will put these into . Grow your super Salary sacrifice Super co-contribution Voluntary contributions. 1. 25%. Super. A Retirement Income account can help maximise your savings, with tax-free investment earnings and no tax on payments or withdrawals after you turn 60. paid in Retirement Bonuses. accounts in your name so that you receive all your super benefits when you retire. Note that you can only make the higher rates of 6-8% if you are catching up after paying less than 5%. Make a Withdrawal from an Accumulation Account. In the event the Trustee suspends unit prices on any or all. financial hardship, compassionate grounds, terminal medical condition, or total and. 1300 360 750. For Accumulation account This document also forms part of the QSuper Product Disclosure Statement for Accumulation Account. Just choose your enquiry type, and type your message and personal details below. You can access your super, without restrictions, even if you're still working. Once you meet a retirement condition of release, there are four options available to you for your accumulated super balance. The ATO says whatever you withdraw will be made up of the same proportion – you cannot choose to take from only one element. 1. Transfer Your Defined Benefit to an. The graph shown above is based on unit prices, which are net of fees and taxes. Make sure you consider the information below before making a choice. Withdraw your superBalanced portfolio. Use this form to withdraw money from your QSuper Accumulation account and choose how to withdraw from your investment options. If you need to access your super, we'll ask you for a valid form of identity (ID). If your QSuper Accumulation account and QSuper Income account balances are less than $6,000 at the end of the financial year (30 June), certain administration and investment fees and costs charged to you are capped at 3% of the account balance. We’d love to hear from you. Attention! Your ePaper is waiting for publication! By publishing your document, the content will be optimally indexed by Google via AI and sorted into the right category for over 500 million ePaper readers on YUMPU. The default cover you get automatically depends on your age, employment arrangements, and account balance. More reasons to feel good. I confirm I've received, read and understood. 100%. lump sum withdrawal. Withdraw your super; Seminars and education;. Withdraw your super; Seminars and education;. 2. 00pm AEST. Today, we are one of the largest superannuation funds in Australia1 and look after the retirement savings of over 577,000 members. Investment earnings (returns) are generally tax-free for Retirement Income accounts, 1 and taxed at up to 15% for Transition to Retirement Income accounts. Your QSuper journey starts now. 2. We're here to help you feel confident about your super. When you're ready, retire with QSuper. qsuper. 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. If you are applying under eligibility rule 2 there is no restriction on the maximum amount or how often you can access your super. You don’t need to use. Change how your super is invested, or change which investment option your income payments. Super. 00am to 6. Please note you are unable to consolidate Lifetime Pensions. To set up ongoing contributions as a Queensland Government. 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. qld. It must be read in conjunction with Part A of this PDS. Accumulation account Transition to Retirement Income account. And we're always working on new products and services, like our award-winning Lifetime Pension,. 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. Home owner. 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. Download . If you have a Transition to Retirement Income account, you can't get more than 10% of your account balance each financial year. You can check whether you currently have death cover in Member Online. You can choose from Lifetime, Diversified, or Single Sector. ) Amount $ , , X Option 2 – Transfer some of my Choice Income or TTR Income account to my AustralianSuper superannuation account. 1. In the event the Trustee suspends unit prices on any or all. Death Benefit Claim Guide (pdf) Find out how to make a death benefit claim. Award-winning. 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. apply unless you. Each of our options has a different objective, risk profile, and asset allocation. Each of our options has a different objective, risk profile, and asset allocation. Retirement Income account or Transition to Retirement Income account to your existing QSuper Accumulation account. Manage your Income account. Withdraw your super; Seminars and education; Investments Hide. This document is Part B of the QSuper Product Disclosure Statement for Income Account and Lifetime Pension (PDS). This balance consists of $350,000 of tax-free components and $900,000 of. Change how your super is invested, by switching investment options in your Accumulation account. You may be able to increase your Age Pension payments (if eligible) by using some of your super to purchase a Lifetime Pension , because of how it is treated in. In 2020, the Government introduced a temporary reduction by 50% to minimum drawdown requirements for account-based pensions, such as the QSuper Income account. He has a superannuation accumulation balance of $1,250,000. 00am to 6. If you do want to switch investments, it's easiest and quickest to do this online. Use this form if you're at your preservation age and want to withdraw some super. 26 March 2021 5 min read. You can access your super as long as you've permanently retired. Minimum superannuation drawdown rates. au) or with the Open an Accumulation Account form. Our PDS and range of helpful guides contain everything you need to know about our Accumulation and Income accounts. a. 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. 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. it to a QSuper Accumulation account. Make a Withdrawal from an Accumulation Account. Or call us on on 1300 360 750 and we’ll send you a copy. There are no exit fees for partial lump sum withdrawals. Lifetime Pension Retirement Income account Enjoy retirement with regular income payments. 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. 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. It is important to. Downsizer super contributions allow eligible Australians to make a one. We’re one of Australia’s largest super funds and proud to take care of over $200 billion in retirement savings for more than two million members. Download . Award-winning. 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. Monday to Friday. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. You can learn more about make super payments here. EXAMPLE — QSuper Accumulation account (Lifetime Outlook) BALANCE OF $50,000. Register now. 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). . This minimum balance will . Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pensionaccount to a QSuper Accumulation account, none of your benefit can be withdrawn as cash until retirement, including your personal contributions and interest paid before 1 July. Withdraw your super; Seminars and education;. Before completing this claim form, please read theQSuper Accumulation account when you make a lump sum withdrawal. Make a withdrawal. If you're age 60 or over, it's tax-free. Police account until age 55 or transfer it to a QSuper Accumulation account. Mon-Fri 8. 1. Explore ways to personalise your QSuper Income account to suit your needs. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. Why QSuper?. 2. Default option for members with an Accumulation account who have not made an investment choice. Proving your identity; Withdraw your super; Seminars and education. 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. fund), you may be able to claim a tax deduction on the contributions that remain in your QSuper Accumulation. (PDS) available at qsuper. Manage your Income account. au qsuper. You need to have been a member with us for at least 12 months. QSuper account holders are now. 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. Mon-Fri 8. In the event the Trustee suspends unit prices on any or 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. Introduction<br /> What is superannuation<br /> Superannuation is a long-term investment for your<br /> future retirement lifestyle. The rating is issued by SuperRatings Pty Ltd ABN 95 100 192 283 AFSL 311880 (SuperRatings). qld. TPD ends at age 60 if you work for the Queensland Police Service as a police officer. This is the amount that is charged to a. 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. Award-winning. Language assistance. Quick, easy investment advice. 5. Longer-term returns remain strong,. How to withdraw money from Qsuper? Money withdrawals are allowed. Income account and Lifetime Pension. Accumulation account; Transition to Retirement Income account; Retirement Income account ;. qld. 2. 77% over the year to December 2022. Make a Withdrawal from an Accumulation Account. qld. The increase brings minimum drawdown rates back to their usual pre. For Accumulation and Income accounts, you can check how many units you have in each investment option and the current value of your. 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. 4% p. Use this form if you're at your preservation age and want to withdraw some super. Option 1 – Claim through QSuper. 22% p. 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. 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. 1300 360 750. 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. Or call us on on 1300 360 750 and we’ll send you a copy. Orders that are placed for a term deposit before the cut off time (AEST 3. 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. You can check the asset allocation for each by selecting the account type. Follow the link below to find out more. Voluntary contributions are projected as part of the Accumulation account. 2. 00am to 6. In the event the Trustee suspends unit prices on any or all. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. 2. 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. 75% of insured salary into your QSuper account. This balance consists of $350,000 of tax-free components and. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Accumulation account claim form - QSuper - Queensland Government. When you apply to open a QSuper account you will be joining Australian Retirement Trust, and may be referred to as a. If you have a Defined Benefit or Income account, please refer to the relevant FAQs below. So we provide a rebate if you pay more than $875 across your Accumulation and Income account/s. Yumiko will be 75 on 1 July 2023. Find out more. QSuper Insurance Guide (pdf) Understand the insurance for eligible members with our Accumulation account. 1. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension;. Before completing this claim form, please read the Use this form to withdraw money from your QSuper Accumulation account and choose how to withdraw from your investment options. 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. Compassionate Grounds Guide (pdf) Find out how and when you can access your super early on compassionate grounds. If you're not eligible for a QSuper account, don't worry – you can still join. 0. Refer to the Financial Services Guide (pdf) for more information. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. 00pm AEST. Complete online Download. 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. Take a lump sum You can receive the full amount at. The table below shows the different percentage rates of your salary you can contribute and how this grows your multiple. 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. 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. We’ve been named Fund Manager of the Year – Multisector at the 2023 Morningstar Australia Awards. Withdrawals from Accumulation accounts are generally processed within 7 working days of receiving a completed application and Income account withdrawals are processed within 3 working days. au Title First name. Salary sacrifice; Super co-contribution. $67. A multiple of 0. Open an Accumulation Account. Income testAlex's inheritance from their mother was $400,000, so they decide to contribute $200,000 to their super, give $100,000 as a gift to the kids to help them buy their first home/s, and save the remaining $100,000 for home renovations. Allocation 4. QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf) Understand the features, benefits, and risks before opening one of our retirement products. We strive to help each of our. This is an extra payment on top of the superannuation guarantee contribution your employer has to make. There are also tax advantages to super, making it one of the most tax-effective ways. 48 million in super as follows: If you did not trigger a bring-forward arrangement in either 2019-20 or 2020-21 and your total super balance is less than $1. 4% p. 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. (QSuper accounts only). 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. au . If you have more than one Accumulation account, please . Once funds have departed QSuper please allow up to 24-72, depending on your banks processing time for the. 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. If you don’t have one, we may refer you to an accredited external financial adviser. 1 (if we know you by another name) Date of birth (dd/mm/yyyy) / / Home phone number Mobile phone number Work phone number. This account provides tax-free investment earnings,. 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. These minimum balances will apply unless you are. Find out more. our Super Savings Balanced option returned 10% for Accumulation accounts, 9. They don't have to wait until age 25 and over. 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. Past performance is not a reliable indicator of future performance. You don't need to pay or book an appointment - our online advice service can get you answers in 5-10 minutes and it's included in your membership. qld. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. And you can withdraw extra money when you need to. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. g. 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. 16% to 0. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. qld. 00pm AEST. Your QSuper Retirement Income account is considered to be a financial asset. Open a QSuper account. • When we restart your Income account, we close your current Income account and transfer all money back to a QSuper Accumulation account. 1300 360 750. The Cash option invests in a mix of deposits at call, bank bills, and term deposits. These figures have been rounded for member reporting. Register for Member Online and keep track of your super, download your statements, manage your investments, insurance and more. 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. Use this form if you're at your preservation age and want to withdraw some super. gov. • Have a superannuation balance of at least $30,000 at commencement. 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. QSuper account if: • You are eligible and would like to make a lump sum withdrawal • You are opening an Income account and want to keep some money in an Accumulation account. 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 balance The forms you need to consolidate your super from other funds into your QSuper account, or transfer your defined benefit to an Accumulation Account. You won’t be able to withdraw the amount if you don’t meet a condition of release. Claim and withdrawal forms. Access via Member Online. Download. Ranges. Australian Retirement Trust is the super fund formed through the merger of QSuper and Sunsuper.