company logo

QIEC Super

Past 5-year return
7.24%
Admin fee
$91
Calculated Fees on 50k
$816
Compare
Members can invest in a choice of ten investment options.
Suite of insurance on offer - Death Only, Death and Total & Permanent Disablement and Income Protection.
Income Protection offered to a maximum of 95% of pre disability income for members aged 64 or under.
Retirees have access to a pre-retirement and post-retirement pension product.
QIEC Super was established in 1988 to provide for the retirement needs of members employed within the non-government education, child and other care and community services sector within Queensland. The fund is only available to current and former employees, as well as their spouses.QIEC Super offers an investment menu of 4 Diversified options and 6 Single Sector options. The QIEC MySuper option underperformed the relevant SuperRatings Index over the 10 years to 30 June 2018.Fees are higher than the industry average across all account balances assessed. The fund does not apply a buy-sell spread, although an exit fee and an investment switching fee may be charged.QIEC Super's insurance offering allows eligible members to apply for up to $5 million of Death cover and up to $2 million of Total Permanent Disability (TPD) cover. Members can also apply to increase cover following the occurrence of a prescribed Life Event without additional underwriting. Income Protection with a benefit period of 2 years, 5 years, or to age 67, covering up to 95% of salary, is available following a 30, 60 or 90 day waiting period. QIEC Super offers YourSuperFuture, a free online super advice tool enabling members to obtain single issue financial advice, with financial planning services also available to members with payments based on a fee-for-service model. Furthermore, the fund's Member Online allows members to view and update account details.
Advertisement
Advertisement

Fees & fund features

Admin fee
Admin fee
$91
Administration fee (%)
Administration fee (%)
0.30%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.98%
Exit fee
Exit fee
$55
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.17%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$20
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$91
Administration fee (%)
Administration fee (%)
0.30%
Indirect Cost Ratio (%)
Indirect Cost Ratio (%)
0.98%
Exit fee
Exit fee
$55
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.17%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$20
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
1 - 2 of 2
Product
Past 5-year return
Admin fee
Calculated Fees on 50k
Company
Features
SuperRatings awards
Go To Site
Compare

More details

Compare

More details

FAQs

You can withdraw your superannuation when you meet the ‘conditions of release’. The conditions of release say you can claim your super when you reach:

  • Age 65
  • Your ‘preservation age’ and retire
  • Your preservation age and begin a ‘transition to retirement’ while still working

The preservation age – which is different to the pension age – is based on date of birth. Here are the six different categories:

Date of birth Preservation age
Before 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

A transition to retirement allows you to continue working while accessing up to 10 per cent of the money in your superannuation account at the start of each financial year.

There are also seven special circumstances under which you can claim your superannuation:

  • Compassionate grounds
  • Severe financial hardship
  • Temporary incapacity
  • Permanent incapacity
  • Superannuation inheritance
  • Superannuation balance under $200
  • Temporary resident departing Australia

 

Details  
Compare your product with the big 4 banks, or add more products to compare
As seen on