Automatic

Your retirement bonus is paid automatically when you open a Retirement Income account or purchase a Lifetime Pension.

Uncapped

Unlike other funds, your retirement bonus is uncapped, which could mean more money in your pocket.

Personalised

Your retirement bonus amount reflects factors including your investment history with us.

A bonus when you retire

The QSuper retirement bonus is an industry-first initiative, providing an uncapped payment to eligible members who transfer their money from an Accumulation account or Transition to Retirement Income account to a Retirement Income account or Lifetime Pension.

More than $34.9 million has been delivered to approximately 18,720 members since the June 2016 launch. The largest retirement bonus amount received by a member was $62,900.1


$34.9m paid
18,720 members
$62,900largest retirement bonus amount

How the retirement bonus works

When QSuper invests your superannuation, we put aside money to pay capital gains tax when assets in your investments are sold for gain.

If you decide to transfer your superannuation to a Retirement Income account or Lifetime Pension, your savings move into a tax-free investment environment. This means QSuper won't pay tax on your investment earnings, including when assets are sold for gain, so if you're eligible, the money set aside for tax can be paid back into your account as the retirement bonus.

Another benefit of our retirement bonus is that is does not count towards your concessional contribution cap.

How your retirement bonus is calculated

Your retirement bonus is based on the amount of money set aside for tax and your unique investment history.

Some of the factors we take into consideration:

  • Your superannuation balance
  • The length of time you've been with QSuper
  • Your investment options (past and present).

For more information about how the bonus is calculated, refer to the Accumulation Account Guide (pdf).

What else to consider

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:

  • The investment options you are invested in affect the amount of bonus you may receive, as some assets attract a higher bonus than others. Any money in the Cash and Diversified Bonds investment options does not qualify for the retirement bonus.
  • Money invested in our Self Invest option does not qualify for the retirement bonus because you can move your entire investment portfolio from an Accumulation to a Retirement Income account or Lifetime Pension without having to pay tax.
  • If you have been invested in an investment option for less than 2 months, you won't receive a retirement bonus for that investment option.
  • If you open an Income account with money from a superannuation death benefit, you will not be paid a retirement bonus.

Calculate your potential bonus

If you're 45 or older, log in to Member Online to see your retirement bonus estimate.

View your bonus estimate

1. Figures are rounded and are current as at 30 June 2020.