QSuper Accumulation account review

QSuper Lifetime - Aspire 1
QSuper Lifetime - Aspire 1
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QSuper Accumulation is a lifetime account designed to reflect your needs as you move through the workforce.

QSuper Accumulation is a MySuper authorised product which gives you the flexibility to save for your retirement. It automatically adjusts your mix of investments as you get older so you don’t have to worry about switching accounts. Alternatively, you can also take a more active role and choose from a range of investment options, ranging from lower risk/lower return to higher risk/higher return. QSuper allows you to understand and manage your super anytime online. Read on to learn more about the ways you can invest.

Product Name QSuper Lifetime - Aspire 1
Past 5 Year Performance N/A
Administration fee 0.16% (Maximum fee $900 p.a.)
Calculated fees on $50,000 $450.00
Insurance included Death, TPD
Number of members 580,000

Key features

  • Automatic death and TPD insurance
  • Pre‑mixed investment options
  • Automatically adjusts to meet your stage in life
  • Self-invest directly in shares, ETFs and TDs
  • Manage your super online
  • Access to financial advice

Investment options

QSuper Accumulation offers four ways to invest depending on how hands-on you want to be with your super. These options are detailed below:


QSuper Accumulation has a number of fees and other costs which will be deducted from your account on a regular schedule. Fees relate to the administration of your account and the management of your investments. Other costs may be charged for additional services including personal financial advice and insurance premiums. Within the Lifetime option, there is a difference in fees depending which group you fall into. QSuper says the difference in fees reflects the cost of managing the assets.

ProductTotal fee
Lifetime: Outlook
  • 1.05% p.a.
Lifetime: Aspire 1 and 2
  • 0.90% p.a.
Lifetime: Focus 1, 2 and 3
  • 0.79% p.a.
Lifetime: Sustain 1 and 2
  • 0.57% p.a.
Diversified: Moderate
  • 0.60% p.a.
Diversified: Balanced
  • 0.95% p.a.
Diversified: Aggressive
  • 1.02% p.a.
Diversified: Socially Responsible
  • 1.05% p.a.
Single Sector: Cash
  • 0.22% p.a.
Single Sector: Diversified Bonds
  • 0.52% p.a.
Single Sector: International Shares
  • 0.28% p.a.
Single Sector: Australian Shares
  • 0.24% p.a.


As a QSuper Accumulation member, you will receive automatic death and total and permanent disability cover, and some members will also receive default income protection cover. What cover you automatically get (and how much) is determined by your employment arrangements and your age.

Summary of default insurance as included in the QSuper PDS document.

SituationDefault death coverDefault TPD coverDefault IP cover
I work for the Queensland Government on a permanent full-time or part-time basis and make standard contributions.
I work for a default employer or the Queensland Government on a permanent full-time or part-time basis and don’t make standard contributions.
I am a police officer with the Queensland Police Service.
I work for a default employer or the Queensland Government as a casual employee, or my account was opened as a result of a family law split.Must apply
I have an Income account and an Accumulation account is opened for me as a result of a contribution (including consolidation from another fund).Must apply
I have applied for an Accumulation account direct with QSuper (not through my employer).Must apply

Pros and cons

What you pay for insurance depends on your age, employment arrangements, and how much cover you have. For example you could pay between $0.43 and $1.28 a week for Death cover, and between $0.03 and $3.18 a week for TPD cover. Insurance offered through QSuper is provided by QInsure.


There may be exclusions and/or restrictions which apply to your insurance cover. Check the “Accumulation Account Insurance Guide” available via the QSuper website.


  • MySuper authorised
  • Socially responsible account available
  • Death, TPD and income protection insurance
  • Lots of different ways to invest


  • No mobile app

How do I apply?

If you’ve decided to select this fund you can open an accumulation account online by clicking the green "Go to Site" button at the top of this page. Make sure you have:

  1. A spare ten minutes
  2. Your personal details, including your name, address, date of birth and contact information
  3. Your Tax File Number (it's unnecessary to give your super fund your TFN, but without it your fund won’t be able to accept certain types of contributions from you and your benefit payments may be taxed at a higher rate than would otherwise apply)
  4. Your employer’s details

Consolidating your super

If you’ve changed jobs or switched industries it’s likely that you’ll have multiple super accounts and be paying fees on all these accounts. You can ask QSuper to search the ATO for any other super I may have via the application form.

Managing your account

You can access your super balance, make extra contributions into your super and change your investment options online 24/7 via Member Online.

Nominate your beneficiaries

Once you sign up for an account you’ll be asked to nominate your beneficiaries. The person/s nominated will receive your super and any insured death benefit if something happens to you. You can nominate one or more dependents.

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2 Responses

  1. Default Gravatar
    richardOctober 22, 2017

    I am interested in opening a super account where I can consolidate all of my super funds into the one fund.
    Can you please let me know of any funds in Australia where I can transfer my UK based super fund (along with my other Australian based funds) into a single super account?
    Thank you for your kind assistance.

    • finder Customer Care
      JoanneOctober 23, 2017Staff

      Hi Richard,

      Thanks for reaching out.
      To give you additional information on managing your super fund you may refer to this guide. As we are a comparison website, we are unable to make recommendations, we can offer general advise. For you to compare super funds side by side you may go ahead and view this page. The link will allow you to assess which super fund would best suit your needs. Managing your own super gives you greater access and control as to how and where you should invest it.


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