QSuper

QSuper - Income Account

Past 5-year return
6.48%
Admin fee

$0

Calc fees on 50k

$320

SuperRatings awards
Past 5-year return
6.48%
Admin fee

$0

Calc fees on 50k

$320

SuperRatings awards

MICHAEL KIANG

5.0
7 Reviews

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Pros and Cons

Pros and Cons

  • Access to an industry first uncapped Income account transfer bonus.
  • Reversionary pensions allowed.
  • Access to an award-winning member contact centre.
  • Access to advice at no additional cost and over 550 free educational seminars.

Summary

Winner of the 2020 Pension of the Year award, QSuper Income Account was established in 1995 to provide for the retirement needs of members employed within the Queensland Government and related entity employees. The fund is now a public offer fund and allows members from all industries to apply for membership, with a minimum initial investment of $30,000 required to commence membership. QSuper was also the winner of the 2020 Smooth Ride award and was further nominated as a finalist for the 2020 Net Benefit award.QSuper offers an investment menu of 4 Diversified options and 4 Single Sector options, as well as, Self Invest, which provides access to Direct Shares listed on the S&P/ASX 300, a range of Exchange Traded Funds (ETFs) and Term Deposits. The QSuper Balanced option outperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees are lower than the industry average across all account balances assessed. Administration fees paid in excess of $900 are refunded to the member in July of the following financial year. The fund does not charge an investment switching fee or a buy-sell spread.QSuper Income Account offers good pension flexibility with members able to select from fortnightly through to annual payment frequencies. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Members can also select from reversionary pensions or binding lump sum death benefits.The fund offers high quality educational material, interactive tools and calculators, as well as free seminars and subsidised financial planning services. Further, members are able to view and updated account details, as well as perform transactions through secure Member Online portal.

Features and Fees

QSuper Fees and Features

    Pros and Cons

    • Access to an industry first uncapped Income account transfer bonus.
    • Reversionary pensions allowed.
    • Access to an award-winning member contact centre.
    • Access to advice at no additional cost and over 550 free educational seminars.

    Winner of the 2020 Pension of the Year award, QSuper Income Account was established in 1995 to provide for the retirement needs of members employed within the Queensland Government and related entity employees. The fund is now a public offer fund and allows members from all industries to apply for membership, with a minimum initial investment of $30,000 required to commence membership. QSuper was also the winner of the 2020 Smooth Ride award and was further nominated as a finalist for the 2020 Net Benefit award.QSuper offers an investment menu of 4 Diversified options and 4 Single Sector options, as well as, Self Invest, which provides access to Direct Shares listed on the S&P/ASX 300, a range of Exchange Traded Funds (ETFs) and Term Deposits. The QSuper Balanced option outperformed the relevant SuperRatings Index over the 10 years to 30 June 2019.Fees are lower than the industry average across all account balances assessed. Administration fees paid in excess of $900 are refunded to the member in July of the following financial year. The fund does not charge an investment switching fee or a buy-sell spread.QSuper Income Account offers good pension flexibility with members able to select from fortnightly through to annual payment frequencies. Members with more than one investment option can nominate the proportion of, or order in which, payments are to be drawn from each option. Members can also select from reversionary pensions or binding lump sum death benefits.The fund offers high quality educational material, interactive tools and calculators, as well as free seminars and subsidised financial planning services. Further, members are able to view and updated account details, as well as perform transactions through secure Member Online portal.

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    QSuper Fees and Features

      Fund fees vs. Industry average
      THIS FUND
      INDUSTRY AVERAGE
      Fund past-5-year return vs. Industry average
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      INDUSTRY AVERAGE
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      Investment option performance
      BALANCED
      DIVERSIFIED FIXED INTEREST
      GROWTH
      AUSTRALIAN SHARES
      INTERNATIONAL SHARES
      CAPITAL STABLE
      CASH
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