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Are you 45 or older? Log in to Member Online to see your potential retirement bonus amount.
The QSuper retirement bonus is our industry-first initiative. We pay you tax savings (if eligible) when you transfer from an Accumulation account or Transition to Retirement Income account, to a Retirement Income account and/or Lifetime Pension.
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Your retirement bonus is paid automatically when you open a Retirement Income account or purchase a Lifetime Pension.
Your retirement bonus amount reflects factors including your investment history with us.
You don't pay tax on your bonus, and it doesn't count towards your concessional contributions limits.
Get back certain tax savings on your super when you retire. You don't need to apply - if you're eligible, you'll receive it automatically.
When we invest your super, we put aside money to pay capital gains tax when we make a profit on assets in your investments.
If you decide to transfer your super to our Retirement Income account or Lifetime Pension, your savings move into a tax-free investment environment. This means we don't pay tax on your investment earnings, including capital gains.
If you're eligible, we pay the money set aside for tax into your account as a bonus.
Your retirement bonus is based on the amount of money set aside for tax and your unique investment history, so the average bonus amount varies.
Some of the factors we take into consideration:
For more information about how the bonus is calculated, refer to the Accumulation Account Guide (pdf).
If you're 45 or older, log in to Member Online to see how much your retirement bonus could be.
All of the factors listed above may affect the amount of bonus you may receive, so in some cases even if you're eligible, the bonus may be calculated as zero. For example:
Yes, the bonus counts towards your transfer balance cap, the amount of super you can transfer into a retirement product (see the ATO). This is why it can be helpful to calculate your bonus ahead of time, if you have a lot of super to transfer.
No, as the bonus is only available when you retire, you will receive it when you transfer from a Transition to Retirement Income account to a Retirement Income account or Lifetime Pension.
Yes, if eligible, you'll receive a bonus for each Accumulation account or Transition to Retirement Income account that you transfer over to a Retirement Income account or Lifetime Pension.
Enjoy more confidence and security in life after work, with our award-winning Retirement Income account and our award-winning, Australia-first Lifetime Pension. Not yet a QSuper member?
More than 50,000 Australians are enjoying retirement with QSuper products. Find out why.
If you're thinking about retiring, we can also talk you through your options. Request a call back from us.
You can also attend one of our retirement planning seminars online, or get financial advice about planning your retirement.