Our fees are among the lowest in the country
Our Income account won Money magazine's Best Balanced Pension Product for 2020.
Personalise your QSuper Income account to meet your needs
Make the most out of your retirement by learning about some of the ways you can manage your QSuper Income account.
Your Income account is designed to be flexible, so you can choose from fortnightly, monthly, quarterly, half-yearly, or annual payments.
Keep in mind that minimum and maximum annual payment amounts could apply depending on your account type, age, and balance.1
Change income payments
Whether you want us to manage your investments, or you want to select your own investment strategy, we offer a wide range of options to choose from.
You can change your investment strategy and choose which investment options you want your payments to come from through Member Online.
While you can't make contributions to an Income account once it has been opened, you can close your current Income account and restart a new Income account with additional funds.2
To do this, complete a Restart an Income account with more money (pdf) form. Alternatively, you may be able to make contributions to an Accumulation account.
More about Accumulation accounts
You can make lump sum withdrawals from your Retirement Income account whenever you want to.3 To do this, send us a completed Make a Withdrawal from an Income Account (pdf) form.
Generally, you cannot make lump sum withdrawals if you have a Transition to Retirement Income account.
Download form (pdf)
Your super does not automatically form part of your estate, even if you have an up-to-date Will.
To help you take control of who receives your money if you die, you can nominate a reversionary beneficiary or make a binding death benefit nomination.
Update your nomination
Find out more about your Retirement Income account or Transition to 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.
When it comes to making the most of your retirement, getting professional guidance can help. As a QSuper member, you have access to financial advice from QInvest.4
1. Refer to the Income Account Guide (pdf) for more information.
2. You can only restart an Income account once in a financial year. There are annual contribution caps on the before and after-tax amounts you can add to your super, and there is a $1.6 million cap on the amount that can be held tax-free in an Income account (totalled across all Income accounts you hold). If you receive regular Centrelink payments, make sure you talk to Centrelink or get financial advice before restarting your account as this may affect your payments. Refer to the Income Account Guide (pdf) for more information.
3. If you are under 60 years of age, you may be taxed on lump sum withdrawals. Refer to the Income Account Guide (pdf) for more information.
4. QInvest Limited (ABN 35 063 511 580, AFSL 238274) is a separate legal entity responsible for the financial services it provides. Advice fees may apply. Refer to the Financial Services Guide for more information.