3. Online Advice1 – Log in to Member Online for our online advice service about your super. or 30% contributions tax if your income plus contributions is more than $250,000 per year. A QSuper Accumulation account is a simple accumulation style superannuation product that only allows withdrawals in limited circumstances as permitted by superannuation law. Enjoy life after work, with our range of award-winning retirement solutions. You need to have been a member with us for at least 12 months. 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. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. A QSuper Accumulation account is a simple accumulation style superannuation product that only allows withdrawals in limited circumstances as permitted by superannuation law. In the event the Trustee suspends unit prices on any or all. Lifetime Pension Why QSuper? A focus on long-term performance. 2. QSuper Accumulation account when you make a lump sum withdrawal. Orders that are placed for a term deposit before the cut off time (AEST 3. If you are 60Make a Withdrawal from an Accumulation Account. To avoid contributions being refunded and delays to funds being processed into your employees’ ART super accounts, please make sure you are using the correct USI. They don't have to wait until age 25 and over. If you're eligible, it only takes 10 minutes to apply online and. There are also tax advantages to super, making it one of the most tax-effective ways. Withdraw some or all of your balance when you need it. X Option 1 – Withdraw part of my account in cash. To open a TTR account, you'll need to meet the following conditions: Under age 65 but you've reached your access age; Still employed; At least $30,000 available for your TTR account (plus $10,000 in your Accumulation account) QSuper account holder (find out who can be a member). 2. a. If you have more than one Accumulation account, please . This minimum balance will . Minimum superannuation drawdown rates. When can you access your super; Withdraw your super; Seminars and education. Early withdrawal for disability or financial hardship. au/PDS or call us on 1300 360 750 to request a copy. Your Adviser – We can work with your adviser. . Accumulation account claim form - QSuper - Queensland Government1. Take a lump sum You can receive the full amount at. gov. Use this for making payments or transferring money into QSuper accounts (except if you're an employer with QSuper as your default super product). You can access your super, without restrictions, even if you're still working. 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. Investment forms. Accumulation account; Transition to Retirement Income account; Retirement Income account. • 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. 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. 00am to 6. 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. 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. 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. 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. 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. Make a Withdrawal from an Accumulation Account. 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. 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. • Have a superannuation balance of at least $30,000 at commencement. More reasons to feel good. 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. Annual reports. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. More reasons to feel good. Then set up regular payments to your bank account. account to use this form. Our PDS and range of helpful guides contain everything you need to know about our Accumulation and Income accounts. Find the best retirement account to suit your lifestyle today. Complete online Download. 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. Withdraw lump sums. Accumulation Account When to use this form. 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. Only Queensland Government employers (or related entities) can keep your Defined Benefit account open. Consider the TMD parameters when recommending QSuper products. Accumulation account Transition to Retirement Income account. We apologise for any inconvenience. Just as you may keep track of your bank accounts, you can also keep track of your super account. Your employer may also pay an extra contribution to your Accumulation. Do not complete this form if you want to:4. Eddie has just retired from work and has no intention of returning to full-time or part-time work ever again. 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. 6. $ OR. I’d like to withdraw the following amount (net). Quick, easy investment advice. Complete online Download . Check your account balance. qld. A multiple of 0. You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. Last name. 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. Log in. If you are transferring money to another super fund, you will need to keep a minimum of $6,000 with QSuper. • 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). Super. accounts in your name so that you receive all your super benefits when you retire. Why QSuper? A focus on long-term performance. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Download . Currently Yumiko has 10% of her super pension invested in cash for short-term needs. If you're an Accumulation account holder aged 58 years old or over, don’t choose an investment option and have less than $300,000 in Lifetime, we invest your money in Lifetime Sustain 1. You must maintain at least $500 in your transaction account at all times. 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. 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. 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. 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. Deeming and your QSuper account. Download the QSuper Insurance Guide (pdf) for details. QSuper provides insurance cover for when life doesn't go to plan. Past performance is not a reliable indicator of future performance. Income account holders can either make a binding death benefit. Downsizer super contributions allow eligible Australians to make a one. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details. Find out more about your insurance and COVID-19. (PDS) available at qsuper. Your quick guide to your super obligations. 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. You can learn more about make super payments here. financial hardship, compassionate grounds, terminal medical condition, or total and. If we already have your TFN, you do not need to give it to us again. of Intent to Claim or Vary a Deduction for Personal Super Contributions form before this money is transferred out of your Accumulation account. Other details. 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. If you have more than one Accumulation account, please . Refer to the Financial Services Guide (pdf) for more information. This minimum balance will . Accumulation account claim form - QSuper - Queensland Government. These minimum balances will apply unless you are. qld. Withdraw your super; Seminars and education. If you’re not eligible, find out about other products offered by Australian Retirement Trust. fund), you may be able to claim a tax deduction on the contributions that remain in your QSuper Accumulation. Withdrawing some or all of your super is called a lump sum. 16% to 0. Option 1 – Claim through QSuper. Your QSuper Retirement Income account is considered to be a financial asset. • Withdraw your benefit as cash. This minimum balance will apply unless you are withdrawing all of your funds and closing your account. The Cash option invests in a mix of deposits at call, bank bills, and term deposits. qsuper. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. Taking five simple actions today may help you feel more in control of your future. Prepared and issued by the QSuper Board ABN. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details. 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. 15-year platinum. Log in. ) Amount $ , , X Option 2 – Transfer some of my Choice Income or TTR Income account to my AustralianSuper superannuation 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. 1. Phone 1300 360 750. Transfer the following amounts to an Income account: $ OR % of my Accumulation account (you must leave a minimum of $10,000. Australian Retirement Trust was formed through the merger of QSuper and Sunsuper on 28 February 2022. Accumulation account Transition to Retirement Income account. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Yumiko will be 75 on 1 July 2023. 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. It aimed to help retirees through market uncertainty. QSuper Accumulation account when you make a lump sum withdrawal. 100%. 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). QSuper offers an accumulation account with flexible investment options, low fees, and long-term performance. qld. 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. qld. There are also tax advantages to super, making it one of the most tax-effective ways. Salary sacrificing to super is when you pay part of your salary into your super account before tax, instead of it being part of your take-home pay. More than half (3 in 5) of Australians aged over 65 currently rely solely on. Choose to receive regular payments or make one-off withdrawals from your super. 22% p. Transfer some or all of your Super Savings Accumulation account balance into your new Retirement Income account. When you turn 65 years old and/or retire, you can open a Retirement Income account with a minimum of $30,000. Keeping track of your super is one place to start in helping you take control of your financial future. 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. Superannuation. $67. 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. 1. Up to the automatic acceptance limit. 31,545. Mon-Fri 8. Try it now. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. 16% to 0. This option could experience negative returns over the short term. 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. Download. Amount $ , ,Open a QSuper account. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Mon-Fri 8. Open an Accumulation Account. We’d love to hear from you. The money needs to come from: Your Accumulation account, Your Transition to Retirement Income account, or; A superannuation death benefit. 2. If you have any additional money you would like to add from outside your QSuper account/s, we will put these into . In the event the Trustee suspends unit prices on any or all. Why retire with QSuper. Object moved to here. 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. For Accumulation account This document also forms part of the QSuper Product Disclosure Statement for Accumulation Account. Explore ways to personalise your QSuper. Just choose your enquiry type, and type your message and personal details below. If you don’t have one, we may refer you to an accredited external financial adviser. Make a Withdrawal from an Accumulation Account. 31,545. Retired. It’s the QSuper you’ve always known, together with the scale, strength, and stability of a super fund looking after $200 billion in retirement savings for more than 2 million members. Answers to frequently asked questions about QSuper accounts, online access, financial advice and more. qld. Withdraw your super. g. If you end an employment arrangement on or after age 60, you can also access the. Contribute to your spouse's super. As a fund that works for members, not shareholders, we work in members’ best interests, and are. 16% to 0. Retirement accounts . QSuper Accumulation account when you make a lump sum withdrawal. If you're an Accumulation account holder aged 50-57 years old, don’t choose an investment option and have $250,000 or more in Lifetime, we invest your money in Lifetime Focus 3. 00am to 6. If you are transitioning from the accumulation phase to the retirement phase, there is a limit on how much you can. Why QSuper? A focus on long-term performance. 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. 75% of your insured salary which includes a contribution replacement benefit of 12. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension;. Manage your Income account. Before completing this claim form, please read theQSuper Accumulation account when you make a lump sum withdrawal. 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. 26 March 2021 5 min read. Contributing spouse’s account to withdraw from. 210 means 21% of your final salary. So we provide a rebate if you pay more than $875 across your Accumulation and Income account/s. It's a type of account-based pension or retirement income stream specifically for people under 65 years old. Alex puts the $200,000 into super as a non-concessional (after-tax) contribution, using the bring-forward rules to. 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 means after investment fees and costs, transaction costs, and investment taxes. Use this form if you're at your preservation age and want to withdraw some super. Application to Transfer My Insurance to QSuper. Language assistance. withdrawal or transfer out of my QSuper Accumulation . Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. When you make a claim, we'll ask you to provide information about your condition and occupation to help us assess your claim. 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. More reasons to feel good. 75% of insured salary into your QSuper account. 1300 360 750. An account-based pension has various names within the superannuation industry. tell us the account(s) you want to split contributions from. Your super balance is taken into account by Centrelink when calculating your Age Pension amount and withdrawing a lump sum could affect your payments and have tax implications. 1. The remaining amount representing your employer’s part stays separate as a Deferred Retirement Benefit (DRB) until you turn 55, then moves to your Accumulation account. Make a withdrawal. Past performance is not a reliable indicator of. Accumulation account Transition to Retirement Income account. Award-winning Money magazine’s Best Retirement Innovator. If you have a Defined Benefit or Income account, please refer to the relevant FAQs below. 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. Phone Advice1 – Call 1300 360 750 for over-the-phone advice about your investment strategy. More reasons to feel good. The Police account closed to new members on 1 January 1993. You can split up to 85% of your eligible before-tax contributions for a financial year. Why retire with QSuper. 4. Super. The information in this document forms part of the QSuper Product Disclosure Statement for Accumulation Account (PDS) issued on 1 March 2021, as the PDS references information that you will find in this guide. For disability payouts, it depends whether you take a lump sum or income payments. Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. Super. Personal assets. QSuper Accumulation account when you make a . 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 money in Self Invest, you need to keep a minimum of $10,000 (Accumulation accounts) or at least 13 months’ worth of income payments (Income Phone 1300 360 750. gov. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through yourNews Superannuation. QSuper returns are driven by our investment approach that aims to provide consistent growth over the long term with less risk. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. Note, you will need to meet the eligibility criteria for opening an Accumulation account, as outlined in this PDS. Why QSuper? A focus on long-term performance. • Have a superannuation balance of at least $30,000 at commencement. Depending on your age, your withdrawals and payments may be taxed. Withdraw your superHow an account-based pension works. 5% to 6% of her balance due to the end of the temporary reduction in minimum withdrawals and her 75. 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. Make a Withdrawal from an Accumulation Account. To do this, complete a Restart an Income account form (pdf). 3. Voluntary contributions are projected as part of the Accumulation account. Withdraw your superNumber of units x Daily unit price = Value of your super. The graph shown above is based on unit prices, which are net of fees and taxes. Open a QSuper account. QSuper accounts have a cap of $875 per year on the administration fees and costs you pay. 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. 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. Note that you can only make the higher rates of 6-8% if you are catching up after paying less than 5%. Lifetime Pension Why QSuper? A focus on long-term performance. Option 2: Rollover to another fund (select an option 3) Maximum amount. 1% for Income accounts. Up to the automatic acceptance limit. This is an extra payment on top of the superannuation guarantee contribution your employer has to make. You will need to keep a minimum of $10,000 in your . Your TFN. Once funds have departed QSuper please allow up to 24-72, depending on your banks processing time for the. 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. In the event the Trustee suspends unit prices on any or all. Complete online Download. This means after investment fees and costs, transaction costs, and investment taxes. While term deposits generally can't be broken, you may be granted access to withdraw or transfer your super due to special circumstances. If you want to move all your money to the Accumulation account at once, you can ask us to transfer your employer's part as well, but it will be slightly discounted. keep a minimum account balance of $10,000 if you wish to keep an Accumulation account open. If they're not a QSuper member yet, we'll open an Accumulation account for them. In the Accumulation account, you can (if eligible): • Receive contributions and make voluntary contributions • Receive transfers from other super accounts • Receive employer contributions • Make lump sum withdrawals. If that’s you, it’s easy to apply online now. 00pm AEST. Award-winning. 2. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. 2. 07m. As at 30 June 2023. PLUS Investment fees and costs. See full list on qsuper. Once opened, we will pay your insurance benefit into this. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Withdraw your super; Seminars and education. Over 10 years, it returned 8. Super you can trust. 00pm AEST. If you don’t have one, we may refer you to an accredited external financial adviser. 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. If your super balance is more than $5,000, you will . 1300 360 750. 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. 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. These figures have been rounded for member reporting. If we already have your TFN, you do not need to give it to us again. 00am to 6. How super withdrawals are taxed. Defined Benefit Account Guide (including Deferred. View Focus 1 Dashboard. QSuper is part of Australian Retirement Trust (ART). Explore your options for retirement income with our Retirement Calculator. Learn more about our super Accumulation account with investment options that include Lifetime, Diversified, and Single Sector. If you make voluntary contributions into your superannuation account from your after-tax income (also called non-concessional or personal contributions), you are contributing towards your future financial wellbeing. The member must have a definite accumulation account in the company’s fund and must come under the qualification for the white collar rates professional or standard rates. 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 Accumulation account when you make a lump sum withdrawal. Why QSuper? A focus on long-term performance. The default cover you get automatically depends on your age, employment arrangements, and account balance. 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. Our performance. If you tick this box, we will keep this amount in your account even if you have requested to withdraw your total balance. 22% p. While the returns for the default investment options are net of investment and administration fees, and taxes, if you create a custom investment return in the "Fees, Return, Insurance & Inflation" section, the return is calculated before taxes and fees and you will need. 2. Defined Benefit Account Guide (including. 1300 360 750. 1. If you are . 1. The total approximate opening balance of my new Income account. 48 million at 30 June 2021, then you may be able to make non-concessional contributions. Accumulation account; Transition to Retirement Income account; Retirement Income account. Option 2 – Partial transfer and keep account I want to keep my QSuper Accumulation account or Income account open. qld. You can access your super, without restrictions, even if you're still working. Through QSuper by completing the attached Accumulation Account Departing Temporary Resident Claim form, or The quickest way to claim is directly through the Australian. • Withdraw your benefit as cash. 4% p. To open a TTR account, you'll need to meet the following conditions: Under age 65 but you've reached your access age; Still employed; At least $30,000 available for your TTR account (plus $10,000 in your Accumulation account) QSuper account holder (find out who can be a member). Super. 00pm AEST. You can check the asset allocation for each by selecting the account type. Accumulation account Transition to Retirement Income account. au . gov. If you want to open a Transition to Retirement Income account, Retirement Income account, and/or purchase a Lifetime . Why QSuper? A focus on long-term performance. The increase brings minimum drawdown rates back to their usual pre.