QSuper Superannuation

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QSuper is a specialist super provider for employees of the Queensland Government, offering personal super, pension funds and insurance.

Types of QSuper accounts

QSuper offers personal super funds with a choice of a lifestage investment option, four diversified options, four single asset class options and a self-directed investment option. The self-directed investment option allows you to direct your investments as you prefer into shares listed on the ASX 300, a range of Exchange Traded Funds and term deposits. You can choose to invest your super in one or a mix of these options, to suit your needs.

QSuper provides the below benefits to their members:

  • Insurance in super available for death cover (life insurance), and total and permanent disability (TPD) cover
  • Easy online account access
  • Financial advice available
  • Pension options
  • Self-directed investment options
  • Socially responsible investment option

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Eligibility to join QSuper

QSuper does not list any eligibility requirements on its website or PDS. However, super funds generally require that you satisfy the following criteria to register with them:

  • You must be an Australian resident
  • You must be over 18 years of age
  • You must be earning at least $450 before tax per month from an employer

If you are under the age of 18, but earning more than $450 before tax per month, you may need to be working more than 30 hours per week to qualify for super.

How to join QSuper

You can apply to join QSuper by visiting the QSuper website and following the sign-up process.

Be sure to compare super funds on the Canstar website and check our choosing a super fund checklist before signing up for a particular superannuation account.

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QSuper FAQs

Yes, QSuper has a dedicated online portal for super fund members. You can view your account balance online, access statements for your account, download super fund information and more.

QSuper provides ten different investment options for you to choose from, including:

  • Lifestage
  • Moderate
  • Balanced
  • Socially Responsible
  • Aggressive
  • Cash
  • Diversified Bonds
  • International Shares
  • Australian Shares
  • Self-directed investments

When choosing an investment option, it is important to take into account your investment time frames and goals, and your personal risk tolerance for market fluctuations. Learn more about how to choose between different investment options on the Canstar website.

At the time of writing (24/07/2018) QSuper charges annual fees based on your total balance. This includes an administration fee of 0.16% of your account balance. You will also be charged an investment fee depending on your investment choice of between 0.08% and 0.7%. With the Balanced choice you will be charged an investment fee of 0.32%.

Compare these fees to the average super fund fees on our database, as fees are an important consideration when selecting a fund.

Yes, QSuper offers a consolidation service for its members.

It’s important to check with your previous super funds for information regarding costs such as exit fees and insurance cover you may lose if you switch super funds.

QSuper has been around for over 100 years, when an Act of the Queensland Parliament created a group to provide retirement services for teachers, administrative clerks and other white-collar workers. It gradually grew over the intervening century until it became the super fund for all Queensland public service employees. In 2016 QSuper was expanded to accept members from across Australia.

In addition to providing superannuation services, QSuper has created partnerships with community groups like DVConnect, helping victims of domestic violence, and Big Super Day Out, an event to help indigenous Australians with their super.

Written by: Tim Smith | Last updated: August 2, 2018