As a fund that works for members, not shareholders, we work in members’ best interests, and are. For Accumulation account This document also forms part of the QSuper Product Disclosure Statement for Accumulation Account. Explore your options for retirement income with our Retirement Calculator. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. 100%. Make the most of your entitlements and deductions at tax time. Option 2 – Partial transfer and keep account I want to keep my QSuper Accumulation account or Income account open. 26 March 2021 5 min read. 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. Non-concessional (after-tax) personal/voluntary contributions. It is important to. or 30% contributions tax if your income plus contributions is more than $250,000 per year. Or call us on on 1300 360 750 and we’ll send you a copy. Super. 16% to 0. financial hardship, compassionate grounds, terminal medical condition, or total and. A super withdrawal due to financial hardship is paid and taxed as. a. Use this form if you're at your preservation age and want to withdraw some super. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Withdraw your super; Seminars and education. Refer to the Financial Services Guide (pdf) for more information. 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. Consider the TMD parameters when recommending QSuper products. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. Use this form if you're at your preservation age and want to withdraw some super. Mon-Fri 8. Self Invest is closing to new investors. au/forms. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. If you end an employment arrangement on or after age 60, you can also access the. Once opened, we will pay your insurance benefit into this. Allocation 4. This is the amount. 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. 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. 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. • Have a superannuation balance of at least $30,000 at commencement. g. Make sure you consider the information below before making a choice. 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. Use this form if you're at your preservation age and want to withdraw some super. Complete online Download. 2. 00am to 6. Why retire with QSuper. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. 00pm AEST. Accumulation account Transition to Retirement Income account. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details. Super. You can check whether you currently have death cover in Member Online. If you have more than one Accumulation account, please . Find the best retirement account to suit your lifestyle today. If you have any additional money you would like to add from outside your QSuper account/s, we will put these into . Eligibility conditions apply. 2. Use our calculators to plan your retirement, find out how to grow your super, and understand your insurance needs. 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. Accumulation account; Transition to Retirement Income account; Retirement Income account. Returns shown are based on disclosed unit prices and are compound annualised return, net of fees and tax. withdrawal or transfer out of my QSuper Accumulation . 1. 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. QSuper Retirement Income account; Super Savings Retirement Income account, Lifetime Pension. I’d like to withdraw the following amount (net). Get started now. accounts in your name so that you receive all your super benefits when you retire. You can withdraw from accumulation if you have met. In 2020, the Government introduced a temporary reduction by 50% to minimum drawdown requirements for account-based pensions, such as the QSuper Income account. If you want to open a Transition to Retirement Income account, Retirement Income account, and/or purchase a Lifetime . • I understand that any money I add to this account will be automatically invested in the QSuper Lifetime investment option unless I made another decision in section 2 of this form. Statement for Income Account and Lifetime Pension for more information. Withdraw your super; Seminars and education;See the Sunsuper and QSuper merger guide for details. Accumulation Account Departing Temporary Resident Claim. 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. 31,545. QSuper performance review. Over 10 years, it returned 8. Keep in mind the way you spend money at the beginning of your retirement is likely to be very different. I understand thisAustralian Retirement Trust is the new fund name for the QSuper/Sunsuper merger. An account-based pension turns your super into an income stream by enabling you to take your super as regular payments when you retire or reach your preservation age, which is the age at which you can access your super. Would you like to make a withdrawal from your . If you have more than one Accumulation account, please . The members must have received money from an expired fund member after the first of July 2016. 5. Your Adviser – We can work with your adviser. If your super balance is more than $5,000, you will . The graph shown above is based on unit prices, which are net of fees and taxes. 2. Get personal advice about your QSuper account at a time that suits you. 4. qsuper. 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. Withdraw your super; Seminars and education;. 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. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options. Mon-Fri 8. The money needs to come from: Your Accumulation account, Your Transition to Retirement Income account, or; A superannuation death benefit. When you're ready, retire with QSuper. 3. 2. 2. Form: For a once-off contribution, send us a Deposit form (pdf) with a cheque or money order. Super. You can access your super as: An income stream, by opening a QSuper Retirement Income account and/or a QSuper Lifetime Pension; A lump sum withdrawal, or ; A combination of both. 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. 1. Understand the detail and the choices you can make. collected before starting your new Income account. 31 December 2022 5 min read. 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 from an Accumulation Account. 0. Super. 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. 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. Quick, easy investment advice. Retirement accounts. If you don’t have an Accumulation account If you don’t have an Accumulation account when your claim is approved you will need to open an Accumulation account. 00pm AEST. 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. Each of our options has a different objective, risk profile, and asset allocation. Today, we are one of the largest superannuation funds in Australia1 and look after the retirement savings of over 577,000 members. Transfer the following amounts to an Income account: $ OR % of my Accumulation account (you must leave a minimum of $10,000. australian identification copies superannuation funds issued queensland qsuper. 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. Download. The Chant West data is based on information provided by third parties that is believed to be accurate at 30 June 2019. That. So we provide a rebate if you pay more than $875 across your Accumulation and Income account/s. 1. 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. Language assistance. The Police account closed to new members on 1 January 1993. We strive to help each of our. Grow your super. 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 your QSuper Accumulation account when you make a lump sum withdrawal. Click on Claim a tax deduction and follow the prompts. If you don’t have an Accumulation account If you don’t have an Accumulation account when your claim is approved you will need to open an Accumulation account. QSuper returns are driven by our investment approach that aims to provide consistent growth over the long term with less risk. • My Accumulation account becomes inactive by not having money added in the last 13 months, and/or • My Accumulation account balance is below $6,000, and/or. If you 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. Note, you will need to meet the eligibility criteria for opening an Accumulation account, as outlined in this PDS. 8am–6pm AEST. Choose to receive regular payments or make one-off withdrawals from your super. Use this form to withdraw money from your QSuper Accumulation account and choose how to withdraw from your investment options. a. Mon-Fri 8. If you're on a QSuper ill-health pension, tell us any employment, business, or occupation you’ve had in the past 6 months. QSuper provides insurance cover for when life doesn't go to plan. (QSuper accounts only). 2. Award-winning. 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; 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. gov. Australian Retirement Trust. This includes your personal contributions and interest paid before 1 July 1999. 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. Default option for members with an Accumulation account who have not made an investment choice. Mon-Fri 8. Keeping track of your super is one place to start in helping you take control of your financial future. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Accumulation Account When to use this form. 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. We're here to help you feel confident about your super. Accumulation. 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. 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. • Have a superannuation balance of at least $30,000 at commencement. • 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. Once you purchase a Lifetime Pension, you can't withdraw that money after the 6-month cooling off period, except for terminal illness or death. QInvest Limited (ABN 35 063 511 580, AFSL 238274) is a separate legal entity responsible for the financial services it provides. 75% of insured salary into your QSuper account. Assets. Defined Benefit Account Guide (including. Make a Withdrawal from an Accumulation Account. Read our Defined Benefit Guide (pdf) 1. For a terminal medical condition, it’s tax-free to withdraw a lump sum within 24 months. Past performance is not a reliable indicator of future performance. How to withdraw super Early access to super. If you don't choose, we automatically invest your super in our Lifetime option for Accumulation accounts or our Balanced option for Income accounts. 48 million at 30 June 2021, then you may be able to make non-concessional contributions. You can access your super, without restrictions, even if you're still working. You will need to keep a minimum of $10,000 in your . • Have a superannuation balance of at least $30,000 at commencement. 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. You must maintain at least $500 in your transaction account at all times. Proving your identity; Withdraw your super; Seminars and education. 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. 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. 3 This is irrespective of the actual level of payments that you are. When you're ready, retire with QSuper. View all. Attention! Your ePaper is waiting for publication! By publishing your document, the content will be. If you're age 60 or over, it's tax-free. Just as you may keep track of your bank accounts, you can also keep track of your super account. Australian Retirement Trust is the super fund formed through the merger of QSuper and Sunsuper. Log in. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. Monday to Friday. 2. QSuper account, it's important to lodge a Notice . Compassionate Grounds Guide (pdf) Find out how and when you can access your super early on compassionate grounds. However, if you prefer, you can fill in and send us a QSuper investment switch form. Make a withdrawal. decide to withdraw your benefit as a lump sum, we will pay it into your nominated Australian bank, credit union, or building society account. Find out more. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Make a Withdrawal from an Accumulation Account. 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. your Accumulation account and wait until all your money is . Do not complete this form if you want to:4. $67. 15% contributions tax. We pay this to your QSuper Accumulation account while you’re getting an income protection benefit. International +61 7 3239 1004. 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. You need to have been a member with us for at least 12 months. 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. Make a Withdrawal from an Accumulation Account. Can I join? Past performance is not a reliable indicator of future performance. 2. It aimed to help retirees through market uncertainty. This includes a 12. Assets test. The graph shown above is based on unit prices, which are net of fees and taxes. Or call us on on 1300 360 750 and we’ll send you a copy. Super. tell us the account(s) you want to split contributions from. tell us the account(s) you want to split contributions from. 15% per annum. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. Transfer Your Defined Benefit to an. Download. Accumulation account (if applicable)? No, I don’t want to withdraw money. 2 As such, the balance of your Retirement Income account will be ‘deemed’ to earn a certain amount of income based on the balance at 1 July each year. Why QSuper? A focus on long-term performance. If you're eligible to be a QSuper member, it only takes around 10 minutes to apply online, and you'll be enjoying the QSuper feeling. What does the QSuper and Sunsuper merger mean for members' accounts? Read answers to commonly asked questions about the merger. Read our Defined Benefit Guide (pdf) 1. 9% for the Lifecycle option's Balanced Pool, and 11. 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). g. 00pm AEST. I have an existing QSuper Accumulation account. Retirement accounts . You can access your super as long as you've permanently retired. Administration fees and costs 1. Hear insights from QSuper’s panel discussion about the forces that may influence investment and risk in a post-pandemic world. 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. Award-winning. qld. Refer to the Financial Services Guide (pdf) for more information. 65 or over. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Why QSuper? A focus on long-term performance. Up to the automatic acceptance limit. If you have multiple super funds and . Application form contained within the PDS for our Accumulation account. 16% to 0. You don’t need to use. If you end an employment arrangement on or after age 60, you can also access the super you've earned up until then. QInvest Limited (ABN 35 063 511 580, AFSL 238274) is a separate legal entity responsible for the financial services it provides. Mon-Fri 8. Your employer may also pay an extra contribution to your Accumulation. gov. Check your account balance. Cash. There are a number of reasons why you may decide to wind up your self-managed super fund (SMSF) and transfer your money to QSuper. Retired. If we already have your TFN, you do not need to give it to us again. au Application to Cancel Insurance. 15-year platinum. View the detailed list of what this option invests in for Accumulation or Income accounts. If you are 60Make a Withdrawal from an Accumulation Account. tell us the account(s) you want to split contributions from. When you retire and reach the age you can access your super, you can either leave the money in your Accumulation account and make withdrawals when you need to, and/or use the money for a Retirement Income account and/or a. Check if you're eligible below. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details. 16% to 0. The cost of product assumes a balance of $50,000 at the beginning of the year. account? If you have withdrawn part of your super as a lump sum, or transferred out part of your Accumulation account balance (e. Withdraw your super; Seminars and education;. 10-year annual return - Balanced option 3. X Option 1 – Withdraw part of my account in cash. Use this form if you're at your preservation age and want to withdraw some super. Up to the automatic acceptance limit; eligibility criteria apply. QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf) Understand the features, benefits, and risks before opening one of our retirement products. A transition to retirement (TTR) pension lets you access up to 10% of your super each financial year while you're still working. 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. 2. How super withdrawals are taxed. 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. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Manage your Income account. You can leave your money in your QSuper Accumulation account for as long as you want, even after you're allowed to withdraw it. gov. You need to already have a QSuper Accumulation . qld. The total approximate opening balance of my new Income account should. If you are transitioning from the accumulation phase to the retirement phase, there is a limit on how much you can. X Option 1 – Withdraw part of my account in cash. Manage your Income account. qld. 07m. If you are . Through QSuper by completing the attached Accumulation Account Departing Temporary Resident Claim form, or The quickest way to claim is directly through the Australian. 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. 1. If you are transitioning from the accumulation phase to the retirement phase, there is a limit on how much you can. Mon-Fri 8. 1. The Cash option invests in a mix of deposits at call, bank bills, and term deposits. This option is designed for medium to long-term investing, with some assets that can potentially give higher returns. Use our retirement products on their own or in a combination that suits your super. Contribute to your spouse's super. gov. Use this form to cancel the income protection, TPD, or death cover you hold through an Accumulation account. This document is Part B of the QSuper Product Disclosure Statement for Income Account and Lifetime Pension (PDS). QSuper Accumulation account when you make a lump sum withdrawal. For disability payouts, it depends whether you take a lump sum or income payments. 2. Mon-Fri 8. 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. 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. A multiple of 0. While you can't make contributions to an Income account once it's been opened, you can close your current Income account and restart a new Income account with the total of your existing balance and the extra money. What does the QSuper and Sunsuper merger mean for members' accounts? Read answers to commonly asked questions about the merger. it to a QSuper Accumulation account. As part of a profit-for-members fund, everything we do is for our members – so we provide insurance for when life doesn't go to plan. 2. 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. 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. Monday to Friday. Award-winning Money magazine’s Best Retirement Innovator 2023 2. Withdrawing some or all of your super is called a lump sum. Withdraw your super; Seminars and education; Investments Hide. Become familiar with the content of the TMDs for QSuper products. 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. gov. 1300 360 750. If that’s you, it’s easy to apply online now. 1300 360 750. PLUS Investment fees and costs. If you are transferring money to another super fund, you will need to keep a minimum of $6,000 with QSuper. Withdraw your superStatement for Income Account and Lifetime Pension for more information. Monday to Friday. You'll need to do this before you open your Lifetime Pension. Due to required maintenance, QSuper Member Online will be unavailable from 10:00pm, Monday, 13th November until 12:00am, Tuesday, 14th November. 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. 15% per annum from 1 July 2022. Accumulation account claim form - QSuper - Queensland Government. Accumulation account; Transition to Retirement Income account; Retirement Income account. 1. The default cover you get automatically depends on your age, employment arrangements, and account balance. In the Accumulation account, you can (if eligible): •. 1% for Income accounts. The table below shows the different percentage rates of your salary you can contribute and how this grows your multiple. We'll refund to you any amount already charged above the cap. This minimum balance will apply unless you are withdrawing. It must be read in conjunction with Part A of this PDS. 1. 2. Applications from outside1. The Age Pension is a fortnightly allowance paid to eligible Australian residents by the government. If you want to keep your QSuper Accumulation account open for employer or voluntary contributions, you must leave a minimum of $10,000 in your Accumulation account,. Open an Accumulation Account. qld. Investment option Percentage of withdrawal 2 Account to withdraw from If you have more than one. 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. A QSuper Accumulation account is a simple accumulation style superannuation product that only allows withdrawals in limited circumstances as permitted by superannuation law. The cost of product assumes a balance of $50,000 at the beginning of the year. Otherwise, there are 2 forms that you need to fill out. a. Returns shown are based on disclosed unit prices and are compound annualised return, net of fees and tax. 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. More reasons to feel good. Awards are only one factor to be taken into account when deciding to invest. Just as you may keep track of your bank accounts, you can also keep track of your super account. lump sum withdrawal. g.