Our award-winning Retirement Income account lets you pay yourself a regular income from your super once you finish work, with the balance invested. Administration fees and costs 1. $110,000 per year. So an Income account can be helpful because it allows withdrawals at any time. If your super balance is more than $5,000, you will . 00pm AEST. qld. 6. Retire with confidence with QSuper, part of Australian Retirement Trust (ART). Use this form if you're at your preservation age and want to withdraw some super. Find out more. Withdraw your super; Seminars and education;. PLUS Investment fees and costs. Just keep in mind that it may take up to three business days to get back to you. Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. More reasons to feel good. If you transfer your account to a QSuper Accumulation account before age 55 none of your benefit can be withdrawn as cash until retirement, including your personal contributions and interest paid before 1 July 1999. $67. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. There are no exit fees for partial lump sum withdrawals. 15% per annum from 1 July 2022. 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. A QSuper Accumulation account is a simple accumulation style superannuation product that only allows withdrawals in limited circumstances as permitted by superannuation law. A multiple of 0. QInvest Limited (ABN 35 063 511 580, AFSL 238274) is a separate legal entity responsible for the financial services it provides. Award-winning. 60% p. Eddie has just retired from work and has no intention of returning to full-time or part-time work ever again. 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. 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. The total approximate opening balance of my new Income account should. This includes your personal contributions and interest paid before 1 July 1999. This is the amount. 1. 2. Choose to receive regular payments or make one-off withdrawals from your super. 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). Award-winning Money magazine’s Best Retirement Innovator. Statement for Income Account and Lifetime Pension for more information. Super. When you're ready, retire with QSuper. 77% over the year to December 2022. Ratings are general advice only and have been prepared without taking account of your objectives, financial situation or needs. 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. Use this form if you're at your preservation age and want to withdraw some super. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. We pay this to your QSuper Accumulation account while you’re getting an income protection benefit. International +61 7 3239 1004. 65 or over. We calculate unit prices every. Try it now. Mon-Fri 8. au/forms). The Reserve Bank of Australia (RBA) recently cut its official cash rate to a record low of 0. Insurance cover can help you and your family feel prepared and protected. Withdraw some or all of your balance when you need it. 1. 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. These figures have been rounded for member reporting. 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. I’d like to withdraw the following amount (net). You need to have been a member with us for at least 12 months. it to a QSuper Accumulation account. This is an extra payment on top of the superannuation guarantee contribution your employer has to make. • 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. QSuper accounts have a cap of $875 per year on the administration fees and costs you pay. 5% to 6% of her balance due to the end of the temporary reduction in minimum withdrawals and her 75. QSuper Accumulation account when you make a lump sum withdrawal. Open an Accumulation Account for Lifetime Pension applicants (pdf). 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. Register now. Please refer to the QSuper. 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. If you need to access your super, we'll ask you for a valid form of identity (ID). 2. • I understand that if I don’t already have an Accumulation account, one will be opened for me. This account provides tax-free investment earnings,. Use this form if you want to make a one-of voluntary contribution to your QSuper Accumulation account via EFTPOS, cheque, or money order. Accumulation account; Transition to Retirement Income account; Retirement Income account ;. 1300 360 750. 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. 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). gov. Fund Details from 1 July 2022. Death Benefit Claim Guide (pdf) Find out how to make a death benefit claim. 00pm AEST. Super contributions and withdrawals are generally taxed, however under some circumstances may be tax free. It is important to. 00am to 6. 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. You can check the asset allocation for each by selecting the account type. 5. qsuper. Withdraw your super; Seminars and education. The Police account closed to new members on 1 January 1993. Past performance is not a reliable indicator of future performance. 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. If you don’t have one yet, please apply first at qsuper. Super. QSuper Accumulation account when you make a lump sum withdrawal. Award-winning. Income account holders can either make a binding death benefit. Language assistance. You'll find this in the back of the Accumulation. Use this form to cancel the income protection, TPD, or death cover you hold through an Accumulation account. A super withdrawal due to financial hardship is paid and taxed as. When you're ready, retire with QSuper. 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. 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. keep a minimum account balance of $10,000 if you wish to keep an Accumulation account open. • For QSuper Transition to Retirement (TTR) Income accounts, you can only restart your account once in a financial year. account to use this form. Download . Our PDS and range of helpful guides contain everything you need to know about our Accumulation and Income accounts. 2. 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. Each of our options has a different objective, risk profile, and asset allocation. 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 your Accumulation account claim form - QSuper - Queensland Government. Today, we are one of the largest superannuation funds in Australia1 and look after the retirement savings of over 577,000 members. You can learn more about make super payments here. 5. 00pm AEST. Find out more about your insurance and COVID-19. It must be read in conjunction with Part A of this PDS. 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. Explore ways to personalise your QSuper Income account to suit your needs. fund), you may be able to claim a tax deduction on the contributions that remain in your QSuper Accumulation. 15% per annum. Taking five simple actions today may help you feel more in control of your future. If you don’t tell us a date, we’ll use the unit price applicable on the date we receive your request for information. Who is the. If we already have your TFN, you do not need to give it to us again. With an account-based pension like our Retirement Income account, you can get regular income payments as long as you have a balance. In 2020, the Government introduced a temporary reduction by 50% to minimum drawdown requirements for account-based pensions, such as the QSuper Income account. The graph shown above is based on unit prices, which are net of fees and taxes. Give this completed form to your new employer so they can contribute to your QSuper account. Eligibility conditions apply. Then set up regular payments to your bank account. . 1. Proof of identity. Amount $ , ,Once you meet a retirement condition of release, there are four options available to you for your accumulated super balance. 1300 360 750. 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. 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. 9% for the Lifecycle option's Balanced Pool, and 11. Use our calculators to plan your retirement, find out how to grow your super, and understand your insurance needs. Deposit and contribution forms. Check if you're eligible below. Access via Member Online. Mon-Fri 8. How to withdraw super Early access to super. 1. Super. The reduction ends on 30 June 2023. accounts in your name so that you receive all your super benefits when you retire. You need to already have a QSuper Accumulation . au) or with the Open an Accumulation Account form. 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. ) 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. 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. Simply log in to Member Online or download the QSuper app, to. 1. Other publications. 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. Assess the suitability of the product for your client. For more information on eligibility to claim a tax deduction, please refer to How to Claim or Vary a Tax Deduction for Contributions factsheet. Australian Retirement Trust Chief Economist Brian Parker recaps our strong long-term investment performance despite short-term volatility. 2. 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. Currently Yumiko has 10% of her super pension invested in cash for short-term needs. qld. Transfer some or all of your Super Savings Accumulation account balance into your new Retirement Income account. Language assistance. Lifetime Pension Why QSuper? A focus on long-term performance. Mon-Fri 8. 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. We apologise for any inconvenience. 16% to 0. 3 Increase your account balance or make a contribution. If you’re not eligible, find out about other products offered by Australian Retirement Trust. Download. Award-winning. 1300 360 750. This includes your personal contributions and interest paid before 1 July 1999. 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. 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. You can access your super as long as you've permanently retired. qld. This minimum balance will . Open a QSuper account. 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. 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. However, in most cases, your new employer can contribute to a QSuper Accumulation account for you. Complete online Download. 15-year platinum. Find out. On 1 July 2006 alternative investments were introduced into the QSuper Balanced, QSuper Moderate, and QSuper Aggressive options. 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. 1. 8am–6pm AEST. 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. 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 claim form - QSuper - Queensland Government1. Read our Defined Benefit Guide (pdf) 1. g. Mon-Fri 8. The default cover you get automatically depends on your age, employment arrangements, and account balance. Orders that are placed for a term deposit before the cut off time (AEST 3. Before you leave, it's a good idea to make sure you understand all your options and the many great benefits of being with Australian Retirement Trust. australian identification copies superannuation funds issued queensland qsuper. Why QSuper? A focus on long-term performance. In the event the Trustee suspends unit prices on any or all. 2. QSuper Accumulation account when you make a lump sum withdrawal. Get personal advice about your QSuper account at a time that suits you. 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. 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 have an Income account and have made a reversionary beneficiary nomination, your dependant can. 1 Investment limits Term deposits Single term deposit – $5,000 to $5 million Shares S&P/ASX 300 and ETFs Maximum share and ETF exposure – 85% of your QSuper Accumulation or Retirement Income account balance. Superannuation. Transfer the following amounts to an Income account: $ OR % of my Accumulation account (you must leave a minimum of $10,000. We apologise for any inconvenience. You can: Convert your super into a pension (also called a retirement income stream) Cash a lump sum; Leave super in the accumulation phase (such as in your current super account) Combine two or all three above options. 1300 360 750. 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. 00pm AEST. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details. Under the changes, from 1 July 2021, account balance conditions apply if you have more than $1. 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 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. gov. 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). Accumulation account; Transition to Retirement Income account; Retirement Income account. The cost of product assumes a balance of $50,000 at the beginning of the year. Log in. If we already have your TFN, you do not need to give it to us again. QSuper Accumulation account when you make a lump sum withdrawal. For Accumulation and Income accounts, you can check how many units you have in each investment option and the current value of your. Use this form if you're at your preservation age and want to withdraw some super. Superannuation. Enjoy life after work, with our range of award-winning retirement solutions. View Focus 1 Dashboard. Once you have our acknowledgment letter, lodge your tax return, stating the amount you are claiming in the supplementary section of your tax return. Phone 1300 360 750. 10%, from 0. 1300 360 750. TPD ends at age 60 if you work for the Queensland Police Service as a police officer. g. Use this form if you're at your preservation age and want to withdraw some super. Police account until age 55 or transfer it to a QSuper Accumulation account. Minimum superannuation drawdown rates. accounts in your name so that you receive all your super benefits when you retire. If you are transitioning from the accumulation phase to the retirement phase, there is a limit on how much you can. Make the most of your entitlements and deductions at tax time. Accumulation account Transition to Retirement Income account. tell us the account(s) you want to split contributions from. 1. Award-winning. Change payment frequency and amount. A QSuper Accumulation account is a simple accumulation style superannuation product that only allows withdrawals in limited circumstances as permitted by superannuation law. With advice available online and over the phone, it's only a call or a few clicks away. If you don’t have one, we may refer you to an accredited external financial adviser. A multiple of 0. Transition to Retirement Income account;. It's a type of account-based pension or retirement income stream specifically for people under 65 years old. au Fax 1300 242 070 Website qsuper. Understand the detail and the choices you can make. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Withdraw your super; Seminars and education;. What. 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. gov. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). Salary-based income protection cover is set at 87. 00pm AEST. Maximum superannuation drawdown rates. Why QSuper? A focus on long-term performance. 26 March 2021 5 min read. Make a Withdrawal from an Accumulation Account. I want to keep $100 in my Accumulation account. Monday to Friday. Mon-Fri 8. Home owner. Super. What does the QSuper and Sunsuper merger mean for members' accounts? Read answers to commonly asked questions about the merger. However, if you prefer, you can fill in and send us a QSuper investment switch form. Product eligibility criteria To be eligible to acquire this product the consumer must meet one of the following eligibility criteria:We're here to help you feel confident about your super. You can access your super as long as you've permanently retired. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through yourQSuper Accumulation account when you make a lump sum withdrawal. 16% to 0. Accumulation. Your employer may also pay an extra contribution to your Accumulation. Super. 1300 360 750. 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. Log in. 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. Mon-Fri 8. If you want to claim a tax deduction for a QSuper account, you need to: Be a QSuper member with an Accumulation account; Make personal after-tax contributions or standard contributions to your QSuper Accumulation account before 30 June in the financial year you want to claim the deduction (allow extra time for bank processing or postal delays, especially if paying by cheque or money order) 1. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options. Default option for members with an Accumulation account who have not made an investment choice. 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. Find out more about your insurance and COVID-19. Why retire with QSuper. Once you meet a retirement condition of release, there are four options available to you for your accumulated super balance. This document is Part B of the QSuper Product Disclosure Statement for Income Account and Lifetime Pension (PDS). 2. If you open your account part way through the financial year, the balance at the start of the account will be used. Withdraw your superStatement for Income Account and Lifetime Pension for more information. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. How to withdraw money from Qsuper? Money withdrawals are allowed. When you're ready, retire with QSuper. If you have any additional money you would like to add from outside your QSuper account/s, we will put these into . Your annual statement will show your opening balance at the beginning of the financial year, compared with your closing balance at the end of the financial year. 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. qld. Australians are living longer than ever before, so depending on when you retire, you could rely on your super savings for up to 20 years. 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. 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 open a Retirement Income account and/or Lifetime Pension by transferring some or all of your money from your Super Savings Accumulation account. The Age Pension is a fortnightly allowance paid to eligible Australian residents by the government. 00am to 6. If they want to open a QSuper retirement product, they can do this in Member Online. • This product is designed for consumers within Australia in accordance with Australian laws and regulations. qld. I understand thisAustralian Retirement Trust is the new fund name for the QSuper/Sunsuper merger. Only Queensland Government employers (or related entities) can keep your Defined Benefit account open. When you're ready, retire with QSuper. 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. If they're not a QSuper member yet, we'll open an Accumulation account for them. 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. Refer to the Financial Services Guide (pdf) for more information. When you have a Defined Benefit account with an attached Accumulation account, the transactions for both of these accounts will be displayed on your Defined Benefit account. Other details. If you have multiple super funds and . a. 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. The members must have received money from an expired fund member after the first of July 2016. qld. qld. au Title First name. 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. Applications from outside1. Why QSuper? A focus on long-term performance. Early withdrawal for disability or financial hardship. 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. Make a Withdrawal from an Accumulation Account. For Accumulation and Income accounts, you can check how many units you have in each investment option and the current value of your. (Any tax payable will be deducted from this amount. Contribute to your spouse's super. Is it possible to withdraw money from QSuper? Withdrawing funds from accounts associated with retirements is possible through QSuper. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. 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. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. qld. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Your TFN. Why QSuper? A focus on long-term performance. You can manage your Income account online using Member Online. Grow your super. Defined Benefit Account Guide (including. For a terminal medical condition, it’s tax-free to withdraw a lump sum within 24 months. tell us the account(s) you want to split contributions from. This includes a 12. 2.