Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. I’d like to withdraw the following amount (net). paid in Retirement Bonuses. If your QSuper Accumulation account and QSuper Income account balances are less than $6,000 at the end of the financial year (30 June), certain administration and investment fees and costs charged to you are capped at 3% of the account balance. Up to the automatic acceptance limit. Super. Manage your Income account. It's easy to check whether your Accumulation account and/or Income account is invested in the right options for you. Mon-Fri 8. Make the most of your entitlements and deductions at tax time. Tax File Number Declaration (under age 60 only) Only use this form if you're under 60 and starting or restarting an Income account or making an income protection claim. More reasons to feel good. tell us the account(s) you want to split contributions from. Contributing spouse’s account to withdraw from. Only Queensland Government employers (or related entities) can keep your Defined Benefit account open. 2. When you have a Defined Benefit account with an attached Accumulation account, the transactions for both of these accounts will be displayed on your Defined Benefit account. A Retirement Income account can help maximise your savings, with tax-free investment earnings and no tax on payments or withdrawals after you turn 60. 1. QSuper Accumulation account when you make a lump sum withdrawal. If you have more than one Accumulation account, please . Find out more about your insurance and COVID-19. 00pm AEST. Otherwise, you can withdraw all your funds and close your accounts. Accumulation account insurance, if eligible. Transition to Retirement Income account;. QSuper Insurance Guide (pdf) Understand the insurance for eligible members with our Accumulation account. The default cover you get automatically depends on your age, employment arrangements, and account balance. Accumulation account claim form - QSuper - Queensland Government. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. QSuper Defined Benefit members aged between 60-64 years old have an average QSuper total balance of $544,187 as at 30. Super. Manage your Income account. Accumulation account Transition to Retirement Income account. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. Longer-term returns remain strong,. Download . Amount $ , , X Option 3 – Transfer a nominated amount to my other super fund or SMSF. Withdrawal From An Accumulation Account; Pension Refresh Strategy; All withdrawals must be made proportionately. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Amount $ , , X Option 3 – Transfer a nominated amount to my other super fund or SMSF. From 1 July 2022 the administration fees that a member pays pay from any of their QSuper Accumulation accounts and Income accounts, and those deducted from the QSuper Lifetime Pension pool, were reduced from 0. Use this form to rollover some or all of your QSuper Accumulation or Income account to another super fund or SMSF. • My Accumulation account becomes inactive by not having money added in the last 13 months, and/or • My Accumulation account balance is below $6,000, and/or. While the returns for the default investment options are net of investment and administration fees, and taxes, if you create a custom investment return in the "Fees, Return, Insurance & Inflation" section, the return is calculated before taxes and fees and you will need. PLUS Investment fees and costs. Default option for members with an Accumulation account who have not made an investment choice. We’d love to hear from you. 1 (if we know you by another name) Date of birth (dd/mm/yyyy) / / Home phone number Mobile phone number Work phone number. 65 or over. Email [email protected] account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension;. I have an existing QSuper Accumulation account. If you don't choose, we automatically invest your super in our Lifetime option for Accumulation accounts or our Balanced option for Income accounts. Deeming and your QSuper account. Refer to the Financial Services Guide (pdf) for more information. 210 means 21% of your final salary. Accumulation Account Departing Temporary Resident Claim. QSuper Accumulation account when you make a lump sum withdrawal. Award-winning. Easily give your employer your new QSuper account details. au/forms. 00pm AEST. Withdraw your super;. 00pm AEST. We’ve been named Fund Manager of the Year – Multisector at the 2023 Morningstar Australia Awards. financial hardship, compassionate grounds, terminal medical condition, or total and. X Option 1 – Withdraw part of my account in cash. The cost of product assumes a balance of $50,000 at the beginning of the year. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Eddie has just retired from work and has no intention of returning to full-time or part-time work ever again. QSuper Accumulation account when you make a lump sum withdrawal. QSuper Accumulation account when you make a . Award-winning. QSuper returns are driven by our investment approach that aims to provide consistent growth over the long term with less risk. qld. This minimum balance will apply unless you are withdrawing all of your funds and closing your account, or if you have money in Self Invest. Allocation 4. gov. Before completing this claim form, please read the Use this form to withdraw money from your QSuper Accumulation account and choose how to withdraw from your investment options. Withdraw your super; Seminars and education; Investments Hide. QInvest Limited (ABN 35 063 511 580, AFSL 238274) is a separate legal entity responsible for the financial services it provides. To make sure you get the government's matching co-contribution, you need to: Make an after-tax contribution (add money from your bank to your super) or standard member contribution; Earn less than $58,445 total in 2023-24 1, and 10% of your income must come from your employers and/or running your. 3. In 2020, the Government introduced a temporary reduction by 50% to minimum drawdown requirements for account-based pensions, such as the QSuper Income account. If you're eligible to be a QSuper member, it only takes around 10 minutes to apply online, and you'll be enjoying the QSuper feeling. Australian Retirement Trust is the super fund formed through the merger of QSuper and Sunsuper. From 1 July 2017 investment earnings are no longer tax free, so are the same as those in the Accumulation account. 1. You need to provide your personal details, tax file number, bank details, and tax options for your payment. More reasons to feel good. QSuper Product Disclosure Statement for Income Account and Lifetime Pension (pdf) Understand the features, benefits, and risks before opening one of our retirement products. au/forms). Your Police account remains open until you are no longer employed as a Police officer, or you decide to transfer to another type of QSuper account. Important information You should consider the information contained in this guide, the Product Disclosure Statement for AccumulationView the detailed list of what this option invests in. Choose to receive regular payments or make one-off withdrawals from your super. Once you meet a retirement condition of release, there are four options available to you for your accumulated super balance. They don't have to wait until age 25 and over. g. 00am to 6. accounts in your name so that you receive all your super benefits when you retire. The government counts your Retirement Income account as a financial asset (although there are some exemptions). 16% to 0. Just as you may keep track of your bank accounts, you can also keep track of your super account. We'll refund to you any amount already charged above the cap. 1. Superannuation. Keep your personal details up-to-date in Member Online and check your super balance today. Read our Defined Benefit Guide (pdf) 1. Understand the detail and the choices you can make. Read our Defined Benefit Guide (pdf) 1. Fund Details from 1 July 2022. View Focus 1 Dashboard. APRA reports the average balance of a person aged between 60-64 years old as $183,313 as at 30 June 2020, in the Annual Superannuation Bulletin issued 29 January 2021. 48 million at 30 June 2021, then you may be able to make non-concessional contributions. Find the best retirement account to suit your lifestyle today. The graph shown above is based on unit prices, which are net of fees and taxes. Please refer to the QSuper Investment Guide (pdf) for. 1. Log in. If you're an Accumulation account holder aged 50-57 years old, don’t choose an investment option and have $250,000 or more in Lifetime, we invest your money in Lifetime Focus 3. In the Accumulation account, you can (if eligible): • Receive contributions and make voluntary contributions • Receive transfers from other super accounts • Receive employer contributions • Make lump sum withdrawals. If you transfer your account to a QSuper Accumulation account before age 55 none of your benefit can be withdrawn as cash until retirement, including your personal contributions and interest paid before 1 July 1999. If you don’t already have an Accumulation account, you’ll need to open one first. 1. If your Accumulation and/or Income account balance is under $6,000, your fees (including all admin and investment fees and costs, and transaction costs) are capped at 3% of your account balance. 1 Investment limits Term deposits Single term deposit – $5,000 to $5 million Shares S&P/ASX 300 and ETFs Maximum share and ETF exposure – 85% of your QSuper Accumulation or Retirement Income account balance. Financial hardship withdrawals are taxed as a lump sum at up to 17% to 22% if you're under 60, and tax-free over 60. Last name. This minimum balance will apply unless you are withdrawing all of your funds and closing your account, or if you have money in Self Invest. Note that you can only make the higher rates of 6-8% if you are catching up after paying less than 5%. The Age Pension is a fortnightly allowance paid to eligible Australian residents by the government. This minimum balance will . Withdraw your superNumber of units x Daily unit price = Value of your super. au This form and all 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. From 1 July 2022 the administration fees that a member pays pay from any of their QSuper Accumulation accounts and Income accounts, and those deducted from the QSuper Lifetime Pension pool, were reduced from 0. Withdrawing some or all of your super is called a lump sum. QSuper and Sunsuper have agreed that from 1 July 2022: • Administration fees that you pay from any of your QSuper Accumulation account(s) and Income account(s), and those that are deducted from the Lifetime Pension pool, will be reduced from 0. 2. This means after investment fees and costs, transaction costs, and investment taxes. Use this form if you want to close your Defined Benefit account and transfer your funds into an Accumulation account. However, in most cases, your new employer can contribute to a QSuper Accumulation account for you. Once opened, we will pay your insurance benefit into this. Police account until age 55 or transfer it to a QSuper Accumulation account. This means that we should not simply withdrawal the $250,000 Taxable Component and recontribute it, as this would contain part of the Tax Free Component and would leave part of the Taxable Component inside super and we would. QSuper account, it's important to lodge a Notice . That you must start a pension to withdraw money. If your super is taxed, you may find it to be lower than tax on income and investment earnings outside of super. Accumulation account Transition to Retirement Income account. The Police account closed to new members on 1 January 1993. You need to already have a QSuper Accumulation . collected before starting your new Income account. A QSuper Accumulation account is a simple accumulation style superannuation product that only allows withdrawals in limited circumstances as permitted by superannuation law. Download . This minimum balance will apply unless you are withdrawing. Residential addressWould you like to make a withdrawal from your . Before you leave, it's a good idea to make sure you understand all your options and the many great benefits of being with Australian Retirement Trust. Option 2: Rollover to another fund (select an option 3) Maximum amount. When you have a Defined Benefit account with an attached Accumulation account, the transactions for both of these accounts will be displayed on your Defined Benefit account. Withdraw your superFor QSuper account holders, this means that from 1 July 2022, the administration fees that you pay from any of your QSuper Accumulation account (s) and Income account (s), and those deducted from the QSuper Lifetime Pension pool, will be reduced from 0. Tell us how you want to invest your. If you have a QSuper account with us, you'll still log in through the QSuper website. There are differences between the asset allocations in Accumulation account and those in Income account, to optimise the strategy and improve the probability of meeting investment objectives. Want to change how your super funds are invested in your Accumulation or Income account? Access the forms and information you need here. Depending on your age, your withdrawals and payments may be taxed. Withdraw your super; Seminars and education. Past performance is not a reliable indicator of future performance. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Super. qld. You can access your super as long as you've permanently retired. au qsuper. Use this form if you're at your preservation age and want to withdraw some super. This minimum balance will apply unless you are withdrawing all of your funds and closing your account, or if you have money in Self Invest. au) or with the Open an Accumulation Account form. Australian Retirement Trust Chief Economist Brian Parker recaps our strong long-term investment performance despite short-term volatility. The graph shown above is based on unit prices, which are net of fees and taxes. If you are . financial hardship, compassionate grounds, terminal medical condition, or total and. 31,545. Where necessary, consider seeking professional advice tailored to your individual. Why retire with QSuper. 00am to 6. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through your Option 1 – Open a QSuper Accumulation account You can elect to transfer your benefit to an Accumulation account. Retirement accounts . g. Quick, easy investment advice. Use this for making payments or transferring money into QSuper accounts (except if you're an employer with QSuper as your default super product). Download . 6. Insurance forms. Withdraw some or all of your balance when you need it. Contributing spouse’s account to withdraw from. • When we restart your Income account, we close your current Income account and transfer all money back to a QSuper Accumulation account. If you're not eligible for a QSuper account, don't worry – you can still join. You can check the asset allocation for each by selecting the account type. account? If you have withdrawn part of your super as a lump sum, or transferred out part of your Accumulation account balance (e. Over 10 years, it returned 8. QSuper offers an accumulation account with flexible investment options, low fees, and long-term performance. If you want to open a Transition to Retirement Income account, Retirement Income account, and/or purchase a Lifetime . gov. Hear insights from QSuper’s panel discussion about the forces that may influence investment and risk in a post-pandemic world. On 21 September 2023 performance figures relating to unit prices between 14/09/2022 and 14/10/2022 for Lifetime Focus 1, Lifetime Focus 2, Lifetime Outlook, Lifetime Aspire 1, Lifetime Aspire 2, QSuper Balanced and QSuper Aggressive options have been corrected. This means after investment fees and costs, transaction costs, and investment taxes. Award-winning Money magazine’s Best Retirement Innovator. Applications from outside1. Returns shown are based on disclosed unit prices and are compound annualised return, net of fees and tax. How to withdraw money from Qsuper? Money withdrawals are allowed. If your super balance is more than $5,000, you will . Super. The graph shown above is based on unit prices, which are net of fees and taxes. You may be able to increase your Age Pension payments (if eligible) by using some of your super to purchase a Lifetime Pension , because of how it is treated in. Self Invest is closing to new investors. australian identification copies superannuation funds issued queensland qsuper. gov. To open a TTR account, you'll need to meet the following conditions: Under age 65 but you've reached your access age; Still employed; At least $30,000 available for your TTR account (plus $10,000 in your Accumulation account) QSuper account holder (find out who can be a member). Grow your super Salary sacrifice Super co-contribution Voluntary contributions. $110,000 per year. lump sum withdrawal. $ OR. • Have a superannuation balance of at least $30,000 at commencement. You’ll need to give us health and other information if you want to apply for cover above this limit. If you end an employment arrangement on or after age 60, you can also access the super you've earned up until then. More reasons to feel good. Age available. want to claim a tax deduction for personal contributions made to another fund, please contact them directly. This means after investment fees and costs, transaction costs, and investment taxes. There are differences between the asset allocations in Accumulation account and those in Income account, to optimise the strategy and improve the probability of meeting investment objectives. Just as you may keep track of your bank accounts, you can also keep track of your super account. Changes to QSuper’s Accumulation account insurance cover, taking effect from 1 July, were outlined to all members in May. We’re one of Australia’s largest super funds and proud to take care of over $200 billion in retirement savings for more than two million members. Your quick guide to your super obligations. Grow your super Salary sacrifice Super co-contribution Voluntary contributions. Withdraw your super; For QSuper account holders, this means that from 1 July 2022, the administration fees that you pay from any of your QSuper Accumulation account (s) and Income account (s), and those deducted from the QSuper Lifetime Pension pool, will be reduced from 0. We strive to help each of our members make the most of Your Accumulation account gives you the flexibility to select your own investment options and choose the insurance cover that’s right for you. More reasons to feel good. 9% for the Lifecycle option's Balanced Pool, and 11. qld. QSuper Accumulation account when you make a lump sum withdrawal. You won’t be able to withdraw the amount if you don’t meet a condition of release. Depending on where you work, you can also salary sacrifice into other things like buying a car. The benefits of consolidating your super into one account may include:: Paying fewer fees: Having your super in one account could mean fewer fees; Less paperwork: One super account means one statement; Easier tracking: One super account may make your super easier to. Once you have our acknowledgment letter, lodge your tax return, stating the amount you are claiming in the supplementary section of your tax return. Email [email protected] 2 – Transfer my funds to a QSuper Accumulation account My existing QSuper Accumulation account number: If you don’t have an Accumulation account yet You can open a QSuper Accumulation account in Member Online (memberonline. Why QSuper? A focus on long-term performance. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. au Application to Cancel Insurance. Option 2 – Partial transfer and keep account I want to keep my QSuper Accumulation account or Income account open. If we already have your TFN, you do not need to give it to us again. Our award-winning Retirement Income account lets you pay yourself a regular income from your super once you finish work, with the balance invested. It's easy to check how much insurance you have and make any changes, in Member Online. More than half (3 in 5) of Australians aged over 65 currently rely solely on. Access via Member Online. QSuper performance review. Mon-Fri 8. If you don’t already have a QSuper Accumulation account, you will need to open one first in Member Online or using the Open an Accumulation Account form. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. The Australian Retirement Trust QSuper Balanced option (Accumulation account) has kept the same key features and investment strategy post-merger. A transition to retirement (TTR) pension lets you access up to 10% of your super each financial year while you're still working. 59pm) can be processed as early as the next working day. As at 30 June 2023. 15% per annum. lump sum withdrawal. The Cash option invests in a mix of deposits at call, bank bills, and term deposits. Lump sum withdrawals are generally not available for Accumulation unless retired or early access (e. Answers to frequently asked questions about QSuper accounts, online access, financial advice and more. Why retire with QSuper. Give this completed form to your new employer so they can contribute to your QSuper account. If we already have your TFN, you do not need to give it to us again. qld. Simply log in to Member Online or download the QSuper app, to. Default option for members with an Accumulation account who have not made an investment choice. If you have. Why QSuper? A focus on long-term performance. Make a Withdrawal from an Accumulation Account. (Any tax payable will be deducted from this amount. 00pm AEST. Find out more. Allocation 4. Past performance is not a reliable indicator of future performance. Use this form to withdraw money from your QSuper Accumulation account and choose how to withdraw from your investment options. • Eligible to open a QSuper Accumulation account (refer to the Target Market Determination for the QSuper Accumulation account). Eddie has just retired from work and has no intention of returning to full-time or part-time work ever again. If you are 60Make a Withdrawal from an Accumulation Account. Guides. If you’re not eligible, find out about other products offered by Australian Retirement Trust. 60 to 64. under age 55 and have resigned and choose to transfer your State or Police account to your QSuper Accumulation account, your benefit is preserved, which means you can’t withdraw any of it as cash until you retire. 19 January 2023 Brian Parker 6 min read. This minimum balance will apply unless you are withdrawing all of your funds and closing your account, or if you have money in Self Invest. You can leave your money in your Accumulation account and make withdrawals whenever you need to. A new era in our long history has begun, with the official merger of QSuper and Sunsuper to create Australian Retirement Trust - one of the nation’s largest super funds. Past performance is not a reliable indicator of. This Accumulation Account Guide provides details about the QSuper Accumulation account product, and other important topics like how fees and taxation apply to the. Accumulation Account Guide About QSuper’s Accumulation account Welcome to QSuper For over 100 years, QSuper has looked after the people who look after Queensland. These terms and conditions apply to QSuper Member Online and the QSuper app ('Member Online'), and your use of and access to these services. 6. Past performance is not a reliable indicator of future. X Option 1 – Withdraw part of my account in cash. For disability payouts, it depends whether you take a lump sum or income payments. 00pm AEST. To keep Self Invest open, you need a minimum of $10,000 invested in one or more of the other QSuper investment options through your Eddie is 62 years of age and would like to withdrawal $450,000 from his superannuation to buy a house. To obtain the investment option returns within a TTR income account prior to 1 July 2017, please refer to the standard Income account unit prices. Use this form to cancel the income protection, TPD, or death cover you hold through an Accumulation account. Contribute to your spouse's super. Once opened, we will pay your insurance benefit into this. 00am to 6. While you can't make contributions to an Income account once it's been opened, you can close your current Income account and restart a new Income account with the total of your existing balance and the extra money. There are differences between the asset allocations in Accumulation account and those in Income account, to optimise the strategy and improve the probability of meeting investment objectives. Your employer may also pay an extra contribution to your Accumulation. A QSuper Accumulation account is a simple accumulation style superannuation product that only allows withdrawals in limited circumstances as permitted by superannuation law. 15% per annum. We then know how much tax to withhold from your payments. You need to have been a member with us for at least 12 months. Once funds have departed QSuper please allow up to 24-72, depending on your banks processing time for the. If you are applying under eligibility rule 2 there is no restriction on the maximum amount or how often you can access your super. 2. If you want to keep your QSuper Accumulation account open for employer or voluntary contributions, you must leave a minimum of $10,000 in your Accumulation account,. qld. The Retirement Bonus is a tax saving we pay you (if eligible), when you move money from our Accumulation or Transition to Retirement Income account, to our Retirement Income account and/or Lifetime Pension. When you're ready, retire with QSuper. If you're an Accumulation account holder aged 58 years old or over, don’t choose an investment option and have less than $300,000 in Lifetime, we invest your money in Lifetime Sustain 1. • This product is designed for consumers within Australia in accordance with Australian laws and regulations. 00pm AEST. For a terminal medical condition, it’s tax-free to withdraw a lump sum within 24 months. QSuper Accumulation account when you make a . 2. Click on Claim a tax deduction and follow the prompts. 5% to 6% of her balance due to the end of the temporary reduction in minimum withdrawals and her 75. To obtain the investment option returns within a TTR income account prior to 1 July 2017, please refer to the standard Income account unit prices. As at 30 June 2023. Accumulation account; Transition to Retirement Income account; Retirement Income account ; Lifetime Pension Complete this form if you want to make either a lump sum withdrawal from your Income account, or transfer funds from your Retirement Income account or Transition to Retirement Income account to your existing QSuper Accumulation account. Generally, you need to wait until after the financial year ends to apply (unless you're leaving your. Tax and super. You may also be eligible to claim a tax deduction. Withdraw your super; Seminars and education;. This balance consists of $350,000 of tax-free components and. My bank account details are as follows: Name of institution Branch name BSB Account number Account name Note: the account nominated above must be in your name and must be an account for which you can sign to withdraw, either solely, or with another person. Language assistance. So your balance will be ‘deemed’ to earn a certain amount of income based on the balance at 1 July each year. • Withdraw your benefit as cash. Use this form to cancel the income protection, TPD, or death cover you hold through an Accumulation account. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Withdraw your superNumber of units x Daily unit price = Value of your super. Please refer to the QSuper. Or call us on on 1300 360 750 and we’ll send you a copy. QSuper provides insurance cover for when life doesn't go to plan. Your Police account remains open until you are no longer employed as a Police officer, or you decide to transfer to another type of QSuper account. Make a withdrawal. We apologise for any inconvenience. 00pm AEST. If you don’t tell us a date, we’ll use the unit price applicable on the date we receive your request for information. Q3. it to a QSuper Accumulation account. g. Withdraw your superBalanced portfolio. If you don’t tell us a date, we’ll use the unit price applicable on the date we receive your request for information. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details. • For QSuper Transition to Retirement (TTR) Income accounts, you can only restart your account once in a financial year. Accumulation account claim form - QSuper - Queensland Government. g. au/forms. Download . au Fax 1300 242 070 Website qsuper. Investment option Percentage of withdrawal 2 Account to withdraw from If you have more than one. Otherwise, you can withdraw all your funds and close your accounts. We calculate unit prices every. Accumulation account Transition to Retirement Income account. Accumulation account Transition to Retirement Income account. gov. Keeping track of your super is one place to start in helping you take control of your financial future. Use this form if you're at your preservation age and want to withdraw some super. Withdraw your superUse Member Online to withdraw a lump sum from your Super Savings Accumulation account. Introduction<br /> What is superannuation<br /> Superannuation is a long-term investment for your<br /> future retirement lifestyle. Please refer to the QSuper Investment Guide (pdf) for detailed information. 0. qsuper. I have an existing QSuper Accumulation account. under age 55 and have resigned and choose to transfer your State or Police account to your QSuper Accumulation account, your benefit is preserved, which means you can’t withdraw any of it as cash until you retire. Our performance. Register for Member Online and keep track of your super, download your statements, manage your investments, insurance and more. 2. You must keep a minimum balance of $6,000 in an Accumulation account. If you are under 60 years of age, tax may apply on any withdrawals depending on your age, and the tax-free and taxable components of your superannuation. Take your QSuper account with you when you change jobs by giving your new employer your QSuper details. QSuper’s Accumulation account, Balanced Option only, ranked fourth. Your QSuper journey starts now. With advice available online and over the phone, it's only a call or a few clicks away. 26 May 2014 - Lifetime Outlook, Lifetime Aspire, and Lifetime Focus. Accumulation account (if applicable)? No, I don’t want to withdraw money. Accumulation account (if applicable)? No, I don’t want to withdraw money. EXAMPLE — QSuper Accumulation account (Lifetime Outlook) BALANCE OF $50,000. Salary-based income protection cover is set at 87. qld. When you're ready, retire with QSuper. Withdraw lump sums. So an Income account can be helpful because it allows withdrawals at any time. qld. Factsheets.