You can feel confident your super is in safe hands,regardless of where you work.
You might not realise you can stay on as a QSuper member, even if you’re starting a new job.
If your new employer has QSuper as their default fund, you don’t need to do anything. Your super will be paid to QSuper automatically.
If you’re not sure whether your new employer is with QSuper, check with your payroll office or contact us.
Complete a Choose QSuper as Your Super Fund form or download a pre-populated version from Member Online to save time.
Once it’s all sorted your new employer will pay your super contributions into your QSuper account.
There’s plenty of good reasons to stay with the super fund you know and trust.
With a proven record of strong performance our members enjoy the benefits of strong long-term returns.
We have some of the lowest fees in Australia, and as we don't have shareholders, everything we do is for our members.
We won Super Fund of the Year in 2017. And in 2016. So you can be assured you're with one of the best.
We're proud to help 540,000 Queenslanders feel good about their future.
What happens will depend on whether your new employer has QSuper as their default super fund. A default fund is where an employer automatically pays super into if an employee doesn’t choose their own fund.
If your new employer doesn’t have QSuper as their default super fund, and you don’t fill out a Choose QSuper as Your Super Fund form and give it to your new employer, they’ll pay your super contributions into their chosen default fund. So if you’re wanting to stay with QSuper, fill out the form today.
If your new employer has QSuper as their default super fund, you don’t need to do anything. Your future contributions from your new employer will be paid into your QSuper account automatically.
If you choose to stay with QSuper, your super will continue to grow based on your contributions, investment strategy and investment performance.
(However be sure to fill out a Choose QSuper as Your Super Fund form and give it to your employer if QSuper isn’t your new employer’s default fund.)
On the other hand, if you choose to have future contributions paid into your new employer’s default fund (and QSuper is not their default) and you don’t close your QSuper account, your current balance will only grow in line with investment returns.
That depends on your new employer’s super arrangements. If you’re heading to a new Queensland Government employer, you’ll probably be required to make what’s known as a standard contribution of between 2 per cent and 5 per cent (or between 3 per cent and 6 per cent for police officers), from your fortnightly salary. If you contribute the full 5 per cent yourself then your employer will kick in 12.75 per cent
In most cases, employers who aren't part of the Queensland Government are only required to contribute the minimum legislated super guarantee amount, which is currently 9.5 per cent. It's also likely that you're not required to make a standard contribution. But if you’re keen to put in a bit more, you can of course make extra contributions to your super using salary sacrifice or by making voluntary contributions at any time.
At a time when things seem a bit uncertain, you’ll be happy to know that we’re still with you if you’re made redundant. If you choose to keep your super with us, you’ll continue to enjoy all the great benefits of being a QSuper member – including low fees, solid returns and personalised service.
Your future employer will also be able to make contributions into your QSuper account when you start a new job.
If you want some advice about your super, as a QSuper member you can access financial advice through QInvest*. They have more than 20 years’ experience in helping QSuper members make important decisions like these.
And while you’re at it, it’s also really quick and easy to consolidate your super if you haven’t already. Most people have a few different super accounts floating around so if you’re one of them, put a stop to paying multiple fees and consolidate all your super into your QSuper account today.
*QInvest Limited (ABN 35 063 511 580, AFSL and Australian Credit Licence number 238274) is ultimately owned by the QSuper Board (ABN 32 125 059 006) as trustee for QSuper (ABN 60 905 115 063). QInvest Limited is a separate legal entity, responsible for the financial services and credit services it provides. Advice fees apply.
Past performance is not a reliable indicator of future performance. SuperRatings Fundamentals report as at April 2016. Awarded SuperRatings 10 year Platinum Performance 2007-2017 award on 18 October 2016. SuperRatings does not issue, sell, guarantee or underwrite this product. Go to www.superratings.com.au for details of its ratings criteria.