Our members are our purpose We don’t have shareholders. Everything we do is to benefit our members.

We're one of Australia’s oldest and largest super funds, and our members have come first for over 100 years. Because we’re a profit-for-members fund, you can be assured that we’re working in our members' best interests, not someone else's.

members

Our story

We were established in 1913 in Queensland to help Australians save for retirement and to provide financial support in the event of unexpected illness. At the time, superannuation was only available to a small number of Queensland Government employees – full-time salaried teachers, administrative clerks, and other white-collar workers. But it was a start.

Over the years, we introduced new products and services, and today, we invite all Australians to enjoy the QSuper feeling.

Milestones and memories 1913 - present

1913

The fund that will become QSuper, the Public Service Superannuation Fund, was established on 1 January, to help Queensland Government workers save for retirement.

1920

We had 4,915 contributing members at the start of the decade.

1930

We paid out £16,015 in 1930 for death and incapacity claims, and £5,764 in retirement funds.

1944

During World War II, we had more than 3,000 members on active war service, including 133 female officers.

1956

Legislation changes meant railway workers, nurses, temporary workers, and wages staff, among others, became able to join us.

1958

The Public Service Superannuation Act introduced widows' and children's pensions in Queensland for the first time.

1978

We ran our first pre-retirement seminar, starting our program to help members understand their super and plan for retirement.

1990

A number of Queensland public sector super funds merged to become QSuper.

1992

Super became compulsory, with the superannuation guarantee (SG) that employers must contribute for their employees.

1994

We launched QInvest to provide members with personal financial advice about their super.

2000

Our Accumulation account launched so members, such as new nurses, could receive more generous super contributions.

2005

Members were now able to invest their super to change the world for the better, with our Socially Responsible option.

2009

After the global financial crisis (GFC), we redesigned how we invest your super. Our new "risk-balanced" investment philosophy aimed to smooth the ups and downs of the market, while providing consistent returns.

2014

Self Invest launched, an investment option where you can directly invest your super in shares, term deposits, and exchange-traded funds (ETFs).

2015

We brought Lifetime to members - an industry-leading investment option that automatically personalises your investment strategy based on your age and your account balance.

2017

We became a public offer fund on 1 July, which means now all Australians can enjoy the QSuper feeling. So now your family can become our family.

The present

You can enjoy your best years with us, knowing we've got your future covered.

585,000 members and counting
$113 bnfunds under administration1
85,000 registered employers

With over 585,000 members and $113 billion in funds under administration,1 we’ve helped our members and employers feel confident about their super for over 100 years.

We invest differently

In the immediate aftermath of the global financial crisis (GFC), we redesigned how we invest our members' super.

Our "risk-balanced" investment philosophy is a unique approach that aims to provide consistent growth with less risk, so our members can focus on today, knowing they'll be right later.

It's one of the reasons we're an industry leader in 10-year investment performance.

Strong long-term performance
8.04%p.a. 10-year annual return - Balanced option2
Platinum performance
10-year Platinum
Performance

Supporting our community

We believe we have a responsibility to support all of our members in achieving financial wellbeing, so it's our priority to positively influence and advocate for them.

Reconciliation at QSuper

Many Aboriginal and Torres Strait Islander people face significant and unique barriers that may prevent access to their super. To counter this, QSuper regularly visits these communities to help break down these obstacles, and provide fair and equitable access to their super.

To demonstrate our dedication to advancing reconciliation in Australia, in June 2018, we launched our first Reconciliation Action Plan.

Our conversations with our Aboriginal and Torres Strait Islander members and analysis have identified key areas of opportunity where we believe we can make a significant difference, including:

  • Improving financial literacy
  • Promoting cultural awareness
  • Increasing access to superannuation services and potential benefits.

Find out more

multigenerational family

Closing the super gender gap

1 in 3 women retire without superannuation. We think that's far too many. We know that women are less likely to achieve financial security in retirement, due to a variety of factors including the gender pay gap, childcare and elder care, part-time work, and a longer average lifespan.

With 64% of QSuper members being women, we're committed to improving their overall wellbeing and addressing the gender imbalance in super at retirement.

Our She's on Q events are designed by women for women and make talking about your finance and career relatable, with real-world, inspiring examples delivered by experts in their field.

When we can't do the work ourselves, we support organisations and events that do including:

Find out more

women at work

Frequently asked questions Show all Hide all

QSuper is a super fund, which means it is managed by a trustee.

If you hold an Accumulation or Income account, your account balance is 100% your own money, so you access it when you retire or meet another of the criteria.

If you hold a Defined Benefit account, your super goes to the Queensland Treasury, and they will provide your benefit when you retire or meet another of the criteria. For more information, you can read this article.

We're a public sector super fund that anyone can join. While we aren't an industry super fund, we do have some similar characteristics to industry funds:

  • Profit-for-members
  • No shareholders
  • Low fees
  • Equal representation of trustees and employer representatives on our Board.

Yes, QSuper is a regulated fund. The Australian Prudential Regulation Authority (APRA) approved our application for a Registrable Superannuation Entity (RSE) Licence on 9 July 2009.

This means we have to comply with the legislation governing most Australian super funds.

Yes, all Australians are welcome to join us.

Whether your business is in the private or public sector, you may be able to partner with QSuper and take advantage of a range of benefits for you and your employees. Make sure you check your industrial award to see if a particular fund is listed as a default super fund for your industry.

If you're a financial adviser, your client can give you authority to your client's QSuper account by sending us a completed Authority to Release Information form (pdf), which has all the required information we need.

We're committed to working with you to ensure our combined expertise results in the best possible outcomes for your clients.

Our members think we're pretty great. They ranked us highest out of the 14 largest super funds for satisfaction with financial performance.3

And when the experts decide, they choose QSuper. View our most recent awards.

We're an industry leader in 10-year investment performance,2 and we work hard to keep fees low.

More reasons to choose QSuper