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QSuper

QSuper Lifetime

Outlook

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No. of members: 620286
Fund size: $112b
Public offer:
Product type: Government-MySuper
Target market: All Industries
Year started: 2013
announcement

RateCity Says: Enjoy the benefits of an investment strategy based on your age and account balance.

Awards

Winner of SuperRatings Platinum 2021 MySuper, 7 Yr Platinum Performance 2014-2021, Fund of the Year 2021, Net Benefit Finalist 2021, Smooth Ride 2021, MySuper of the Year Finalist 2021

Past 5-year return
8.19

% p.a

Admin fee

$0

Calc fees on 50k

$405

SuperRatings awards
SuperRatings Platinum 2021 MySuper7 Yr Platinum Performance 2014-2021Fund of the Year 2021Net Benefit Finalist 2021Smooth Ride 2021MySuper of the Year Finalist 2021
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Past 5-year return
8.19

% p.a

Admin fee

$0

Calc fees on 50k

$405

SuperRatings awards
SuperRatings Platinum 2021 MySuper7 Yr Platinum Performance 2014-2021Fund of the Year 2021Net Benefit Finalist 2021Smooth Ride 2021MySuper of the Year Finalist 2021
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Quick superannuation review

For QSuper Lifetime

These are the benefits of this superannuation.

  • Access to scaled financial advice at no additional cost and an award-winning contact centre.
  • Income protection, total and permanent disability, and death cover insurance options
  • Extensive seminars program (over 550 free seminars per annum) including metropolitan and regional offerings.

Winner of the SuperRatings 2021 Fund of the Year award, QSuper is one of Australia's largest and oldest superannuation funds and was originally established to provide for the retirement needs of Queensland Government employees. The fund is now a public offer fund and allows members from all industries to apply for membership. QSuper was the winner of the 2021 Smooth Ride award and�Money�magazine's Best Value MySuper Product and Best Value Super Fund for Young People and was also nominated as a finalist for the 2021 MySuper of the Year and the 2021 Net Benefit awards.QSuper Lifetime, the fund's MySuper compliant investment strategy, offers a lifecycle investment approach to provide a tailored investment strategy that considers a member's age and their QSuper Lifetime balance. Members may also select from 5 Diversified 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 Lifetime Outlook option outperformed the relevant SuperRatings Index over the 3- and 5-year periods to 30 June 2020. 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's insurance offering allows eligible members to apply for up to $3 million of Death cover and up to $3 million of Total and Permanent Disability (TPD) cover. Income Protection with a benefit period of 2 years, 5 years or to age 65, covering up to 87.75% of salary, is available following a 30-, 60- or 90-day waiting period. The fund offers high quality educational material, interactive tools and calculators, as well as seminars at no additional cost. Further, members are able to view and update account details, as well as perform transactions through the secure Member Online portal or the QSuper App.

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Superannuation overview

For QSuper Lifetime

TMD

Features

Variety of options

Binding nominations

Account size discount

Online Access

Home loans

Financial planning service

Non-lapsing binding nominations

Employer size discount

Anti-detriment payments

Credit cards

Insurance Cover

Health insurance

Insurance life event increases

Total and permanent disability cover

Long term income protection

Fees

Admin fee

$0

Administration fee (%)

0.16%

Switching fee

$0

Investment fee

0.55%

Indirect cost ratio (%)

0.1%

Exit fee

$0

Target Market Determination

Visit QSuper to view Target Market Determination.

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Fund fees vs. Industry average
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Fund past-5-year return vs. Industry average
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Investment allocation
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Investment option performance
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