retirement preparation - qsuper
Post on 03-Apr-2022
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This material and any advice is provided by QInvest Limited (ABN 35 063 511 580, AFSL 238274) (QInvest). The person(s) speaking on behalf of QInvest are representative(s) of QInvest. For more information, refer to the Financial Services Guide, available at QInvest.com.au or QSuper.qld.gov.au.This material is current at the time of seminar. Any advice is general only, so it does not take into account your personal objectives, financial situation, or needs. Before you make any decision about whether to acquire any financial product, you should obtain and read the relevant product disclosure statement (PDS). Where necessary, consider seeking professional advice tailored to your individual circumstances.QSuper products are issued by Australian Retirement
Trust Pty Ltd (ABN 88 010 720 840, AFSL 228975) as trustee for Australian Retirement Trust (ABN 60 905 115 063). Any reference to QSuper is a reference to the Government Division of Australian Retirement Trust. PDSs and target market determinations (TMDs) for QSuper products are available at qsuper.qld.gov.au/calculators-and-forms/publications.
New PDSs and TMDs are expected to be available from 28 February 2022 at australianretirementtrust.com.au.You may use this material for personal, non-commercial purposes only. You may not otherwise use or distribute this information for another purpose without first obtaining our written consent.
Important informationAbout today’s presentation
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Income needsWays to work out your income in retirement
Retirementbudget
ASFA retirement standard
2/3 rule
Association of Superannuation Funds of Australia (ASFA). To find out more, https://www.superannuation.asn.au/resources/retirement-standard
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ASFA Retirement Standard
Comfortable
lifestyle
Modest
lifestyle
Max. age
pension
$45,239 p.a. $28,775 p.a. $25,155 p.a.
$63,799 p.a. $41,446 p.a. $37,923 p.a.
Association of Superannuation Funds of Australia (ASFA) Retirement Standard September Quarter 2021. Note – these figures assume you own a home. To find out more, https://www.superannuation.asn.au/resources/retirement-standard. Age Pension includes supplements payable and is based on information available on the Department of Human Services website (humanservices.gov.au) as at 30 September 2021 and is subject to change.
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Life expectancyAt birth for a person born in that year
55
8187
58
8589
50
60
70
80
90
100
1905 1920 1935 1950 1965 1980 1995 2010 2025 2040 2055
Age
Male life expectancy Female life expectancy
2021
2021 Intergenerational Report. To find out more see The Australian Government Treasury site, treasury.gov.au/publication/2021-intergenerational-report
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How are you tracking?Super Projection Calculator
This calculation is an estimate only and may vary significantly over time with changes in returns, inflation and fees. Full details of assumptions are available when using the calculator. Past performance is not an indication of future returns.
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Ways to grow your super
Defined benefit catch-up
Find any lost super
Consolidate your other super accounts
Maximise your employer contribution
Work longer
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Ways to grow your super
Make extra contributions
Co-contribution from the Government
Start salary sacrificing
Contribute non-super assets
Transition to retirement strategy
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Reasons to start a TTR strategy
Boost your super
• Be tax smart and keep the same pay
• Save more now so you have more in retirement
Boost your income
• Switch to part-time work or to a job that fits your life
• Source of additional income
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How does a TTR strategy work?
Work full timeMaximise salary
sacrifice contributions
Take home pay Super
TTR income stream
Income stream payments
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Rules applying to TTR account
You must receive a payment at least once each financial year
Minimum payment amount is 4% p.a. of the opening balance and/or 1 July balance (under age 651)
Maximum payment amount is 10% p.a.
No lump sum withdrawals2
1 Minimum rates reduced by 50% have been extended for the 2021-22 income year as a temporary measure put in place due to the coronavirus pandemic. For more details, see the QSuper site qsuper.qld.gov.au/learn/coronavirus-and-super. 2 This option is generally only available before retirement if you have an unrestricted non-preserved (cashable) amount in your super account. You must otherwise satisfy specific early access criteria, such as TPD, financial hardship or other grounds, to make lump sum withdrawals from your super or income stream. Go to qsuper.qld.gov.au/super/early-access for more details.
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Is a TTR strategy right for you?Be clear about the outcome that you want to achieve
• Does this strategy suit your situation?
• Will you have enough to retire?
• If aged under 60 – tax benefits may be minimal
• Consider how important Defined Benefit account certainty is to you
• The danger with these types of strategies are that they require discipline so as to not spend the funds elsewhere
• Be aware of your contribution limits1
1 There is a limit on the total amount of superannuation you can transfer to a Retirement Income account without paying additional tax. This is known as the transfer balance cap. For the 2021-22 financial year, the transfer balance cap is set at $1.7 million. If you have a number of income streams or pension accounts (not including Transition to Retirement Income accounts), either at QSuper or across multiple super funds, you need to be aware that your combined account balances will all count towards this limit. Special rules apply for Defined Benefit lifetime pensions. Go to the Australian Taxation Office's website for more about the transfer balance cap.
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Contribution limitsAs at 1 July 2021
1 Limit is current for the 2021-22 financial year. Additional catch-up contributions available from 2019-20. 2 Subject to having a balance below $1.7 million as at 30 June 2021. 3 Eligibility extended for one year following the financial year work test was met, up to age 74. Note: Once only lifetime exemption.
Age Before tax After tax
Under 67 $27,500 p.a.1 $110,000 p.a.2($330,000 bring forward rule)1
67 – 74 $27,500 p.a. with work test3 $110,000 p.a. with work test3
75+ Superannuation GuaranteeContributions only
N/A
Work test: You must have worked at least 40 hours within 30 consecutive days in a financial year
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Claiming a tax deduction
Make a contributionbefore June 30
Complete claim form
Trustee acknowledgeintent to claim
Lodge tax return
stating the claim
You must get the notice from us before you lodge your tax return
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Contribute to super – SusanCase study example
1 Medicare Levy of 2% is included for the 2021-22 financial year. This case study is provided for illustrative purposes only, and shouldn’t be relied on as personal, legal or taxation advice and doesn’t take the place of this type of advice either.
Age: 50Retire at: 62Current salary: $75,000 (has a marginal tax rate of 34.5%1).Current super balance: $150,000
ObjectivesGrow her super by making either:
• after-tax contributions, or• before-tax (salary sacrifice) contributions
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Salary sacrifice exampleSalary of $75,000 and contribution of 5%
This diagram is provided for illustrative purposes only. We’ve rounded our figures in this calculation. Based on tax rates for the 2021-22 financial year and includes the Medicare levy of 2%. Note: Contributions to super are preserved until you meet a condition of release. Our example is generic only and doesn’t replace getting personal financial or tax advice. It’s based on a specific set of circumstances so your actual results may differ.
After-tax Before-tax(Salary Sacrifice)
NetBenefit$731
Contribution $3,750 $3,750
Income tax $15,262 $13,968
Take home pay $55,988 $57,282
Super balance $3,750 $3,188
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Salary sacrifice exampleSalary of $75,000 and contribution of 5% + tax savings
This diagram is provided for illustrative purposes only. We’ve rounded our figures in this calculation. Based on tax rates for the 2021-22 financial year and includes the Medicare levy of 2%. Note: Contributions to super are preserved until you meet a condition of release. Our example is generic only and doesn’t replace getting personal financial or tax advice. It’s based on a specific set of circumstances so your actual results may differ.
After-tax Before-tax(Salary Sacrifice)
NetBenefit$1,116
Contribution $3,750 $5,725
Income tax $15,262 $13,287
Take home pay $55,988 $55,988
Super balance $3,750 $4,866
=
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Contribute to super - SusanCase study outcomes
Age: 62 retirementBalance with after tax contributions:
$355,800
Balance with salary sacrifice: $348,200
Balance with salary sacrifice and tax savings: $371,000
Original super balance: $150,000
Projected super balance (Minimum contributions): $308,000
Objectives✓ Make additional contributions✓ Grow her super
Susan is not a real member but a hypothetical case study provided for illustrative purposes only MoneySmart superannuation calculator based on salary of $75,000 p.a. and starting balance of $150,000. Projection assumes employer super contribution rate of 12.75%p.a. (except where no extra contributions made).Calculation uses expected return of 5.5% after fees and taxes. Insurance premiums are excluded. Investment returns are not guaranteed. Wages growth and cost of living rate of 3.2% p.a. We’ve used this graph to show you the impact over an period of making after tax and before tax standard 5% contributions compared to the outcome achieved if you also salary sacrificing the tax taking back to super. Totals are expressed in today’s dollars after adjusting for inflation. Accessed on 6 August 2021.
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The income layering approach
Lifetime
Pension
Age
Pension
Regular income paid for life
Income to pay for the things you cannot live without, such as:
Retirement
Income account
Other income
sources
Flexible payments and accessible funds
Income to pay for the things that improve your standard of living such as:
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When can you access your super?
• Once you reach your access age and retire
• Once you stop working for an employer at or after age 60
• Once you turn age 65.
Date of birth Access ageBefore 1 July 1960 55
1 July 1960 – 30 June 1961 56
1 July 1961 – 30 June 1962 57
1 July 1962 – 30 June 1963 58
1 July 1963 – 30 June 1964 59
From 1 July 1964 60
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Account types
Accumulation• Investment based• Money in and money out• Investment choice• Member bears
investment risk
Defined Benefit• Formula based• Multiple of salary• Closed option• Employer bears
investment risk
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Options for your superannuationWhen you have retired
Flexible incomeRetirement Income
account
Income for lifeLifetime Pension
Park your fundsAccumulation
account
Or any combination of these
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Park your moneyAccumulation account
• Gives you time to make your plans• Take lump sums as needed • Make additional contributions if eligible• Not assessed by Centrelink, until you reach Age Pension age
• Investment earnings are taxed at up to 15%• Consider if you are paying for insurance cover that you may
not need
Potential benefits
What else to consider
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Flexible incomeHow the income account works
• Must have reached preservation age
• QSuper Income account: minimum $30,000 to open
• Control how much and how often you are paid
• You have full access to your funds
• May pay tax if you are under age 60
• Tax-free from age 60
Eligibility and conditions apply. If it is a Transition to Retirement Income account you will have a maximum income drawdown amount of 10% of your balance per year and no access to lump sum withdrawals. Also, your investment earnings are taxed in the same way as an Accumulation account. These limits will be removed once you tell us that you meet a condition of release or turn age 65.
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Flexible incomeRetirement Income account
• You may run out of money • Assessed by Centrelink• Minimum pension amount has to be taken
Eligibility and conditions apply. If it is a Transition to Retirement Income account you will have a maximum income drawdown amount of 10% of your balance per year and no access to lump sum withdrawals. Also, your investment earnings are taxed in the same way as an Accumulation account. These limits will be removed once you tell us that you meet a condition of release or turn age 65.
Potential benefits
What else to consider
• Receive regular payments• Adjust your income to suit your needs• Take lump sums as needed • Investment earnings are tax-free in the fund• A range of investment options
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Income accountPayment rules
The minimum amount will be adjusted on 1 July each year.
Age range Minimum amount
55-64 4%
65-74 5%
75-79 6%
80-84 7%
85-89 9%
90-94 11%
95+ 14%
• Age-based minimum annual payment amount
• Calculated on commencement and 1 July balance each year
• At least one payment annually
• Flexible payments above the minimum amount
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6-month cooling-off periodProviding time to decide if it’s right for you
Money-back protectionReceive at least your money back as income or the remainder as a death benefit2
Optional spouse protectionPayments continue if you pass away
Potential Age Pension benefitsDiscounted assets test
Higher incomeMarket linked with an annual adjustment1
1 Income can go up or down depending on pool performance. 2 Subject to a legislated maximum in limited circumstances
Income for life Fortnightly payments for the rest of your life
Lifetime PensionIncome for life
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Income for lifeLifetime Pension
• Receive fortnightly payments for the rest of your life • Income for your spouse’s lifetime as well (spouse protection)• There may be advantages for Age Pension means testing• Death benefit paid if eligible (money-back protection)
• Income is annually adjusted and may go up or down • Only available to open between your 60th and 80th birthdays• After a six-month cooling-off period, you can’t exit or make
withdrawals.
Eligibility and conditions apply.
Potential benefits
What else to consider
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Retirement bonusMore to look forward to in retirement
$40.9mpaid
21,800members
$1,876average bonus amount
Since June 2016. QSuper data, as at 30 June 2021.
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Retire easily with usProcess to start receiving income
Illustrative purposes only.
Decide how much to allocate
Retirement Income account
Plan your payment
Set an investment
strategy
Lifetime Pension
Spouse protection option
Nominate a beneficiary
Nominate a beneficiary
or and
Single option
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Mary’s storyCase study example
Age: 67Current super balance: $500,000
Objectives• Certainty of payments for rest of her life• Flexibility to withdraw extra money when needed
This case study is provided for illustrative purposes only, and shouldn’t be relied on as personal, legal or taxation advice anddoesn’t take the place of this type of advice either.
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Mary’s storyCase study outcomes
Lifetime
Pension
$250,000
Age
Pension
Regular income paid for life
• Housing• Utilities• Clothing
• Transportation• Food• Medical expenses
Retirement Income account
$250,000
Flexible payments and accessible funds
• Meals out• Leisure
activities• Weekends
away
• Trip to France• New car• Replace fridge• Minor renovations
Mary is not a real member but a hypothetical case study provided for illustrative purposes only. Additionally, figures may be rounded for ease of understanding. Members should seek advice from a qualified licensed professional, regarding their own circumstances.
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Our retirement solutions
Eligibility and conditions apply before you can open a Transition to Retirement Income account, a Retirement Income account or a Lifetime Pension. Refer to the relevant Product Disclosure Statement for more information.
Accumulation account
Defined Benefit account/s
Transition to Retirement Income (TTR) account
Retirement Income account
Lifetime Pension
When working When retired
The app• View account balances and investment allocations• Keep track of QSuper’s investment performance• See account transactions and download statements• View your upcoming income payments• Access details to give to a new employer when changing jobs• See details to make voluntary or spouse contributions.
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Tax components of super
No tax when goes into super
Subject to 15% contributions
tax into super1
Tax freeAfter-tax
contributions
TaxableBefore-tax
contributions
No tax payable on withdrawal
May be taxable on withdrawal, depending on
age and withdrawal amount
1 Contributions limits apply. If your income plus concessional contributions are more than $250,000 per year, different tax rules apply. You will pay an extra 15% tax on your concessional contributions over this threshold.
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Taxation – Lump sum withdrawalsAccumulation and Income account
55-59 60+
Tax free portion Tax free
100% tax freeTaxable component First $225,000 is tax free (low rate cap), and
balance taxed at 17%1
1 Including Medicare Levy of 2% for 2021-22 financial year.
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Taxation – Lump sum withdrawalsExample – age under 60
$400,000 withdrawal $40,000 withdrawal
Tax free ¼ $100,000 $10,000$0 tax payable $0 tax payable
Taxable ¾ $300,000 $30,000
-$225,000 Low Rate Cap $225,000 Low Rate Cap
$75,000 x17%1 $195,000 Low Rate Cap remaining
$12,750 tax payable $0 tax payable
1 Includes 2% Medicare Levy
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Taxation – Income paymentsIncome account only
55-59 60+
Tax free portion Tax free
100% tax freeTaxable component Taxed at yourmarginal tax rate
with a 15% tax offset
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Tax on income paymentsExample – age under 60
Gross pension $40,000
Less tax-free amount $10,000
Equals taxable pension $30,000
Tax due ($1,287)
Tax offset due (15% on $30,000) $4,500
Medicare levy (2% on $30,000) ($600)
Net pension $39,400
Based on marginal tax rates current as at 1 July 2021. Assumptions: age 59, $400,000 account-based income stream ($100,000 tax-free, $300,000 taxable).
No income tax
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Nominate who gets your super if you dieValid nominations for SIS dependant
• Legal personal representative (LPR)
• Spouse (includes same-sex and de facto)
• Child (includes adopted child, stepchild, ex-nuptial child, child of your spouse or child within the meaning of the Family Law Act 1975)
• Someone who is financially dependent on you
• Someone who has an interdependent relationship with you
Consider seeking specialist estate planning advice to see if a Binding Death Benefit Nomination is right for you
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Nomination options
Accumulationaccount
Defined benefit
Incomeaccount/s Lifetime Pension
No nomination
Binding death nomination available
Reversionary beneficiary available
Child pension only
Spouse protection option only
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Tax on lump sum death benefitsDependants have a different definition under taxation law
‘Dependant’ under taxation law excludes adult children, who are considered to be ‘Non-dependant’ unless they can demonstrate financial dependence
Benefit paid to a tax dependant
Benefit paid to a tax
non-dependant
Tax free portion Tax free Tax free
Taxable component Tax free Taxed at a maximum rate of 17%1
1 Includes 2% Medicare Levy
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Tax on reversionary incomeBeneficiary must be a dependant under SIS Act and taxation law
Tax treatment depends on the age of the deceased and the age of the beneficiary
Age of deceased OR
beneficiary is 60+ years
Age of deceased AND
beneficiary is under 60 years
Tax free portion Tax free Tax free
Taxable component
Tax free Taxed at your marginal tax rate with a 15% tax offset
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Investment portfolioInvested in a wide range of asset classes around the globe
Asia$0.0
$2.5
$5.0
$7.5
$10.0
$12.5
$15.0
Australia
Inve
stm
ent $
in b
illio
ns
Equities Fixed Income Cash Real Estate Infrastructure Alternatives
United Kingdom EU total United States SouthAmerica
QSuper data as at 30 June 2021. This chart shows QSuper’s top investment holdings across the whole fund by geographic breakdown and asset class. Note that QSuper has other investment holdings in other countries such as Israel, Mexico, Canada and New Zealand that are not significant enough to show at this scale. Information for periods prior to 28 February 2022 are prior to QSuper's merger with Sunsuper to form Australian Retirement Trust.
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Investment options12 investment options within 4 categories
LifetimeLet us manage it
• Lifetime
DiversifiedTake some control
• Moderate
• Socially responsible
• Balanced
• Aggressive
Single SectorMix your own investment
• Cash
• International shares
• Diversified bonds
• Australian shares
Self InvestMake all the decisions
• Australian shares
• Exchange traded funds
• Term deposits
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Lifetime groupsInvestment options that adapt and grow with you
1 For Accumulation accounts only. All objectives are after fees and tax, measured over rolling 10-year periods. Past performance is not a reliable indicator of future performance. Risk and returns illustrated are not guaranteed and illustrate the possible risk/return expected over the long term.
Lifetime group1 Your age Lifetime balance Objective Risk
Outlook <40 Any balance CPI +4.5% p.a.
Aspire 1 40-49 <$50,000 CPI +4.5% p.a.
Aspire 2 40-49 $50,000+ CPI +4.0% p.a.
Focus 1 50-57 <$100,000 CPI +4.0% p.a.
Focus 2 50-57 $100,000 - $250,000 CPI +3.75% p.a.
Focus 3 50-57 $250,000+ CPI +3.5% p.a.
Sustain 1 58 or over <$300,000 CPI +2.5% p.a.
Sustain 2 58 or over $300,000+ CPI +2.0% p.a.
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• Rebalancing
• Expertise
• Fee
• Emotion
• Diversification
• Inflation
• Risk
• Discipline
• Asset class features
• Expected return
• Timeframe
• Tax
InvestingConsiderations
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Investor emotions
Optimism
Excitement
Thrill
Anxiety
Denial
Fear
Desperation
Panic
Capitulation
Despondency Depression
Hope
Relief
Optimism
Euphoria
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Choosing your investment optionsRisk vs return
Ret
urn
Past performance is not a reliable indicator of future performance. Risk and returns illustrated are not guaranteed and illustrate the possible risk/return expected over the long term
Risk
Cash
Self Invest: Term Deposits
Moderate
Diversified Bonds
Balanced Socially Responsible
Aggressive
Australian Shares, International Shares
Self Invest: Australian Share & ETFs
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How risk / return profile translateRange of annual returns over past 10 years
10.0018.13 24.59 21.19
3.7410.80
45.1960.85
-0.44 -1.87 -8.91 -2.72 -0.09 -0.09
-20.64 -19.08-30-20-10
010203040506070
Perc
enta
ge re
turn
Moderate Balanced Socially responsible Aggressive
Cash Diversified bonds Australian shares International shares
QSuper Accumulation Account minimum and maximum financial year returns for the period 30 June 2011 to 30 June 2021. Past performance is not a reliable indicator of future performance.Returns for periods prior to 28 February 2022 are based on the relevant product's returns prior to QSuper's merger with Sunsuper to form Australian Retirement Trust.
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Diversified investment optionsManaged by a team of experts
All objectives are after fees and tax, measured over rolling timeframes as indicated in the table except for the Balanced option which is measured over a rolling 10-year period. Past performance is not a reliable indicator of future performance. Risk and returns illustrated are not guaranteed and illustrate the possible risk/return expected over the long term.
Investment options Timeframe Objective Risk
Moderate 3+ year CPI +2.5%
Balanced 5+ years CPI +3.5% measured over rolling 10-year period.
Socially Responsible 5+ years CPI +3.5%
Aggressive 10+ years CPI +4.5%
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Single sector investment optionsAllows you to align your portfolio to your goals
The objective of each option is to match the return of the relevant indicies after fees and taxes. 1 The Bloomberg AusBond Bank Bill Index is constructed as a benchmark to represent the performance of a passively managed short-term money market portfolio. It comprises a series of bank bills of equal face value, each with a maturity seven days apart. 2 This option is managed externally through QIC Limited and is generally fully invested in a single asset class, however to accommodate market changes and transaction timings, it may be appropriate to hold up to 10% in cash. 3 Lifetime is only available in the Accumulation account. 4 Self Invest is not available in the Transition to Retirement Income account All objectives are after fees and tax, measured over rolling 10-year periods. Past performance is not a reliable indicator of future performance. Risk and returns illustrated are not guaranteed and illustrate the possible risk/return expected over the long term.
Investment options Timeframe Objective Risk
Cash <1 year Bloomberg AusBond Bank Bill Index1
Diversified bonds2 3+ years 40% Australian and 60% international diversified bonds index (hedged in AUD)
International share 10+ yearsMSCI World Developed Markets ex-Australia net dividends reinvested accumulation index3 (hedged in AUD)
Australian Shares 10+ years S&P/ASX 200 Accumulation Index4
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Accumulation account investment returnsAs at 28 February 2022
Investment option10-year
compound average (%)
5-year compound average (%)
1 year
as at 28 Feb 2022 (%)
Balanced 8.34 6.89 6.61
Moderate 5.08 3.87 2.99
Socially Responsible 7.00 5.56 0.08
Aggressive 9.66 7.60 6.94
Cash 1.49 0.85 -0.14
Diversified Bonds 3.66 2.22 -2.62
International Shares 11.39 10.28 6.96
Australian Shares 9.49 8.01 7.77Past performance is not a reliable indicator of future performance. The figures shown reflect the returns of the QSuper Fund, not the returns of your investment in that option as they do not take into account the timing of contributions, investment switches or withdrawals. Returns are shown net of fees and tax, and may be rounded down to one decimal place. Each of our investment options has a different objective, risk profile, and asset allocation. Visit qsuper.qld.gov.au for more information. Returns for periods prior to 28 February 2022 are based on the relevant product's returns prior to QSuper's merger with Sunsuper to form Australian Retirement Trust.
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Income account investment returnsAs at 28 February 2022
Investment option 10-year compound average (%)
5-year compound average (%)
1 year as at 28 Feb 2022 (%)
Balanced 9.35 7.90 8.32
Moderate 5.70 4.38 3.54
Socially Responsible 7.89 6.16 -0.12
Aggressive 10.80 8.81 9.21
Cash 1.75 1.00 -0.16
Diversified Bonds 4.25 2.58 -3.12
International Shares 12.37 11.22 7.15
Australian Shares 10.66 9.15 8.62Past performance is not a reliable indicator of future performance. The figures shown reflect the returns of the QSuper Fund, not the returns of your investment in that option as they do not take into account the timing of contributions, investment switches or withdrawals. Returns are shown net of fees and tax, and may be rounded down to one decimal place. Each of our investment options has a different objective, risk profile, and asset allocation. Visit qsuper.qld.gov.au for more information. Returns for periods prior to 28 February 2022 are based on the relevant product's returns prior to QSuper's merger with Sunsuper to form Australian Retirement Trust.
QSuper's Income account won SuperRatings Pension of the Year 2019, 2020, 2021 and 2022. These awards were received before QSuper merged with Sunsuper to become Australian Retirement Trust on 28 February 2022. This QSuper product has kept the same relevant features post merger. Past performance is not a reliable indicator of future performance. Ratings and awards are subject to change, and are only one factor to consider when deciding how to invest your super.
Visit qsuper.qld.gov.au/awards for details.
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Our investment difference
1 To see how QSuper’s investment options have performed, visit qsuper.qld.gov.au/performance
Experienced investment team• A focus on delivering strong
long-term returns1
• Diversification to provide stability and balance risk
• Managing investments to suit your phase of life
• Sustainable investment and consideration of ESG risks
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Questions to considerAbout investment risk
What’s your attitude to
investment risk?
How comfortable would you be with the possibility
of losing money?
What are the timeframes for
your goals?
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What’s your plan to fund retirement?
Super balance Non-super assets Age PensionCentrelink1
Potential source of tax free income in
retirement
Taxable income in retirement
Additional income to boost the longevity of
your funds
1 Age Pension and other Centrelink benefits are subject to eligibility. For more information, see Department of Social Services, dss.gov.au/seniors/benefits-payments/age-pension.
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Retirement accountsDesigned to be used together
Product features Retirement Income
account1 Lifetime Pension Together
Payments for life
Money-back protection
Revert to a spouse (can run out)
Access to withdrawals
Change regular payments
Change investments
1 There are some other conditions under which you can open a Retirement Income account even if you are under preservation age. Find out more at qsuper.qld.gov.au/our-products/superannuation/income-account
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Advisers are experts on how to…
• Keep up with legislative changes
• Maximise your government and superannuation entitlements
• Calculate how much you need, and how much to save for retirement
• Guidance on spending decisions so money lasts in retirement
• Invest smarter
• Protect your family assets and income
• Make sure the plans that you have in place are on track.
Deciding what is best for you will depend on your personal circumstances and you may want to seek personal financial advice to get the most from your superannuation. You can find out more about financial advice options at qsuper.qld.gov.au/advice
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Build your retirement planHelp you make smarter choices
Professional financial advice about your QSuper account• Transition to retirement
• Plan your QSuper retirement
• Manage your retirement income
• Retirement review
Deciding what is best for you will depend on your personal circumstances and you may want to seek personal financial advice to get the most from your superannuation. You can find out more about financial advice options at qsuper.qld.gov.au/advice.
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