An industry leader in 10-year investment performance
Our Income account won Money magazine's Pension Fund Manager for 2019.3
Pay yourself a regular income and benefit from tax-free investment returns
Enjoy life after work with our award-winning Retirement Income account
You don't need to withdraw all your superannuation when you stop working. With a Retirement Income account, you can turn your super into an income stream. As your money stays invested, your savings can continue to grow.
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.
The default investment option for our Retirement Income account has produced double digit growth over the last 10 years.
This result is driven by a unique investment approach that aims to provide strong returns with less risk.
10-year annual return - Balanced option 1
(Retirement Income account)
Our Income Account has won a number of awards in 2019, including Money Magazine’s Best Pension Fund Manager and SuperRatings Pension Fund of the Year.
Find out why more than 40,000 Australians have partnered with QSuper in retirement.
Control how much and how often you are paid, withdraw extra money at any time, and easily manage your account via Member Online.
Choose from our range of investment options, including our performance-topping Balanced option.2
We’re profit for members, not shareholders – so we aim to keep fees low.
You may be eligible for a transfer bonus when you open a Retirement Income account. Log in to Member Online to see your estimate.
Before you open a QSuper Retirement Income account, make sure you meet the following conditions:
There is a limit on the total amount of superannuation you can transfer to a Retirement Income account without paying additional tax. This is known as the transfer balance cap.
For the 2019-20 financial year, the transfer balance cap is set at $1.6 million. This cap will be indexed, and increases will be in increments of $100,000. The amount of indexation that you will be entitled to will depend on how much of your transfer balance cap you have used. If you meet or exceed your transfer balance cap, you will not be entitled to indexation.
If you have a number of income streams or pension accounts (not including Transition to Retirement Income accounts), either at QSuper or across multiple super funds, you need to be aware that your combined account balances will all count towards this limit. Special rules apply for lifetime pensions.
Visit the Australian Taxation Office's website for more about the transfer balance cap.
If you go over the transfer balance cap, the ATO will let you know that you need to remove the excess amount, plus any associated investment earnings, from your Retirement Income account. They will also apply tax on those earnings. For a first breach, you will be subject to 15% tax, with subsequent breaches subject to 30% tax. You will not be considered as having gone over the cap if your Retirement Income account balance grows to more than $1.6 million due to investment earnings.
If you're concerned that this limit might impact your retirement plans, you should seek financial advice.
1. For the financial years 2009 to 2019. Past performance is not a reliable indicator of future performance. QSuper’s Retirement Income account, Balanced option only. The return is a compound annualised return reflected after administration fees, investment fees and tax. Disclosed/reported investment returns reflect the returns of the fund and not member returns of the investment options as they do not take into account the timing of contributions, investment switches or withdrawals.
2. QSuper Balanced Option awarded #1 performance over 10 years by SuperRatings. SuperRatings SR50 Balanced Index (60-76) median based on cumulative returns compounded annually after fees and for initial $50,000 invested over the period to 28 February 2019. Based on funds open to the public. Past performance may not be a reliable indicator future performance.
3. There are other limited circumstances where you may be able to open an Income account. Refer to the Income Account Guide.
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