#1 for 10-year investment performance1
Our Income account won Money magazine's Pension Fund Manager for 2019.3
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.
You get the best value for money with our income account as rated by both Money Magazine and SuperRatings (2019).1
No exit, entry or switching fees, and we have one of the lowest admin fees in Australia.
With a proven record of strong performance our members have enjoyed the benefits of strong long-term returns with less risk.2
We have been looking after members' retirement savings since 1912.
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.
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.
1. Money Magazine’s Best of the Best Awards celebrates Australia's pre-eminent financial products, services and investments, with leading research houses including Canstar, Lonsec, Morningstar, SQM Research, SuperRatings, WhistleOut and Zenith Investment Partners identifying the winners in more than 60 categories. The awards are designed to help consumers make more informed investment decisions across asset categories including super, cash accounts, funds, and home loans. The award is solely a statement of opinion and does not represent a recommendation to purchase, hold or sell any securities, or make any other investment decisions. Ratings are subject to change. SuperRatings does not issue, sell, guarantee or underwrite this product. Go to www.superratings.com.au for details of its ratings criteria. Past performance is not a reliable indicator of future performance. Ratings, awards or investment returns are only one factor that you should consider when deciding how to invest your super.
2. Past performance is not a reliable indicator of future performance. For the QSuper Balanced option only. Awards and ratings are only one factor when deciding how to invest your super. Chant West does not issue, sell, guarantee or underwrite this product. For further information about the methodology used by Chant West, see chantwest.com.au