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Important Information
This information has been prepared for general purposes only without taking into account your objectives, financial
situation, or needs and should not be relied on as legal or taxation advice, nor does it take the place of such advice.
Any statements of law or proposals are based on our interpretation of the law or proposals as at the time of preparation.
You should consider the appropriateness of the information for your circumstances and read the product disclosure
statement (PDS) before deciding whether to acquire, or continue to hold, a product. You can obtain a PDS from our
website or by calling us on 1300 360 750.
This information is provided by QInvest Limited (ABN 35 063 511 580, AFSL and Australian Credit Licence number
238274). QInvest Limited is ultimately owned by the QSuper Board (ABN 32 125 059 006) as trustee for the QSuper
Fund (ABN 60 905 115 063), and is a separate legal entity responsible for the financial services and credit services it
provides. Advice fees apply. Unless otherwise stated, all products are issued by the QSuper Board as trustee for the
QSuper Fund.
Where the term ‘QSuper’ is used in this presentation, it represents the QSuper Board, the QSuper Fund and QSuper
Limited (ABN 50 125 248 286, AFSL 334546) unless expressly indicated otherwise.
Whilst all care is taken in the preparation of this material no warranty is given with respect to the information provided,
and accordingly no responsibility for errors or omissions, including responsibility to any person by reason of negligence
is accepted by QSuper, QInvest Limited or any of its representatives. The QSuper Board owns the copyright in this
information (or has a licence to use the copyright where it is owned by another party). You may reproduce this
information for personal, non-commercial use only. You may not distribute or transmit this information to any other
person or otherwise use this information without obtaining the QSuper Board’s prior written consent.
© QSuper Board of Trustees 2016. All rights reserved.
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Super relationships
Federal
Government
QSuper
QLD
Government/
Employer
Member
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Major changes to super (Federal Government sphere – when legislated)
• Most Federal Government Budget changes take effect from
2017/2018.
• Transitional arrangements will be in place until then.
• Lower contribution rates could make it harder to ‘catch up’
your super later in your career.
So here’s what you need to consider now:
• Your situation and how these changes could affect you.
• How you can get on track over a longer time
Many people will not be affected by any of the changes.
QSuper | QInvest Presentation
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Money in concessional contributions
Salary sacrifice
Concessional contributions – 15% tax
From July 2017
• Limit from July 2017 – $25,000.
• Extra 15% tax if assessable income over $250,000.
From July 2018
• ‘Catch up’ unused concessional contributions for balances below $500,000 over rolling 5 years.
Employer 12.75% Deductible contribution
Bank
account
QSuper account
Gross
salary Employer
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Money in non-concessional contributions
Post-tax
Bank
account
QSuper account
Gross
salary Employer
Non-concessional contributions
From July 2017
• Limit of $100,000 or 3 year bring forward $300,000 – $0 if balance over $1.6m.
• Rebate for spouse contribution income threshold increased to $37,000 ($540 for $3,000 contribution).
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Money in how things will work post 1 July 2017
Jason is 40, earns $100,000 per year, has an
Accumulation account balance of $100,000 and salary
sacrifices standard contribution of 5% of his annual
salary. Spouse Jill who is on maternity leave earns
$30,000 a year, and has $70,000 in her super.
Jason’s employer super contributions – $12,750
Jason’s salary sacrificed contributions – $5,000
Jason might consider:
• Salary sacrificing or making a lump sum
contribution of $7,250 and claiming a tax deduction.
• Making a spouse contribution to Jill.
When Jill returns to work:
• ‘Catch up’ provisions will apply from July 2018
(but effectively 2019).
We need to let you know that the examples in this presentation are provided for illustrative purposes only, shouldn’t
be relied on as personal, legal or taxation advice and doesn’t take the place of this type of advice either.
8 QSuper | QInvest Presentation QSuper | QInvest Presentation
Bill is 55, earns $100,000 a year, has an
Accumulation account balance of $500,000,
salary sacrifices standard contribution of 5% of
his annual salary and gets an inheritance of
$500,000.
Bill’s total employer and salary sacrificed
super contributions – $17,750.
Bill might consider:
• Salary sacrificing and/or making lump sum
contributions of $7,250 per year and claiming
a tax deduction.
• Making non-concessional contributions –
$100,000 per year or ‘bringing forward’ three
years of contributions – $300,000.
Money in how things will work post 1 July 2017
We need to let you know that the examples in this presentation are provided for illustrative purposes only,
shouldn’t be relied on as personal, legal or taxation advice and doesn’t take the place of this type of advice either.
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Employer
Gross salary
• Accumulation account – earnings taxed at 15%.
• Income account – Transition to Retirement earnings taxed change from 0% to
15%.
• Income account – retirement earnings taxed at 0% to $1.6m. Rollback the
rest to Accumulation account or cash out.
One-off transfer
Income
account Accumulation
account Bank
Income account from July 2017
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Sharon retires at 65 with Accumulation account
balances of $250,000 and moves to an income
account.
Tax on investment earnings – 0%.
Tax on income drawdown – 0%.
Income accounts from July 2017
We need to let you know that the examples in this presentation are provided for illustrative purposes only,
shouldn’t be relied on as personal, legal or taxation advice and doesn’t take the place of this type of advice either.
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Open fund
• Queensland Government has announced changes about who will be eligible to join QSuper.
• Expect that it will to be the open to all to apply to join (spouse can do this now)
• When and how to join will be disclosed in the new product disclosure statement with the application form detailing the new membership eligibility criteria
• To register interest in joining QSuper, details can be entered on our website and further information will be sent when available
Changes to Queensland Government
legislation (if/when legislated)
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Changes to Queensland Government
legislation (if/when legislated) State Government employees
Choice of fund
• Public sector employees will have choice of fund for Accumulation account only.
• Contribution levels remain the same.
• Can choose to opt out – otherwise no action required.
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About QSuper
We’re an award-winning fund – we just won SuperRatings Fund of the
Year and MySuper of the Year – both for the second year in a row!
We cater to our members
needs through Member
Online and MoneyMap.
Members can choose
how they want their super
invested through Self Invest.
We launched our industry
first Transfer Bonus.
We launched our own insurance company in
July 2016 to provide better value-for-money
insurance to our members.
We’re extremely member
focused and strongly value
our external relationships.
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Retirement funding is one of your key financial objectives.
Super is a powerful and tax-effective savings option.
Super can sometimes seem complicated, but we’re here every step of the way to provide whatever help you need.
Why is super important?
QSuper | QInvest Presentation