When you open a QSuper Accumulation account (eligibility criteria below) you'll automatically be placed in the QSuper Lifetime option which is the default MySuper option. You can change investment options at any time.
We currently don't have that product, but here are others to consider:
How we picked theseFinder Score makes comparing superannuation products easier by scoring products out of 10 after assessing their performance, fees and features.
We assess products from over 40 providers based on their risk profile.
The information in this table is based on data provided by SuperRatings Pty Limited ABN 95 100 192 283, a Corporate Authorised Representative (CAR No.1309956) of Lonsec Research Pty Ltd ABN 11 151 658 561, Australian Financial Services Licence No. 421445. In limited instances, where data is not available from SuperRatings for a product, the data is provided directly by the superannuation fund.
*Past performance data and fee data is for the period ending March 2025
"I went with QSuper because they charge fewer fees than my previous provider. I also like their track record over the past 10 years. I don't like that it is unclear how much you've put in versus how much has been charged in fees or gained/lost in performance, but many super funds are opaque in this way to keep people from switching. When I click "performance" in the app, I'd like to see the performance of my fund and not the generic review of the funds I can choose from. Overall the experience has been good, but I'd like more transparency."
In order to open a QSuper account, you must meet one of the following conditions:
• Be employed by the Queensland Government or QSuper default employer
• Be a spouse of an existing QSuper member
• Be a child (under the age of 25) of an existing QSuper member.
• Retired and aged from 60 up to your 80th birthday for a QSuper Lifetime Pension.
A spouse includes someone you are legally married to or in a de facto relationship with (including same sex partners). A child includes adopted children, step-children, and the children of your spouse.
If you do not meet the eligibility criteria above to open a QSuper account, you can still join Australian Retirement Trust (formerly Sunsuper), which is open to all Australians.
There are four ways to invest depending on how hands-on you want to be with your super.
When you open a QSuper Accumulation account, if you don't choose an investment option, you will automatically be placed in their MySuper option, QSuper Lifetime. With this product your balance is automatically adjusted in line with your age and account balance. When you're older, it'll shift towards a more conservative mix of assets such as fixed income and cash, and away from growth assets such as shares and property.
| Age | Investment option | Risk |
|---|---|---|
| Under 40 | Outlook This option is for members under 40 years old. Because you're young and still have a long time before retirement, it invests more heavily in growth assets with around 25% asset allocation in defensive assets. In particular, it invests about half of your balance in equities. | High |
| 40-49 | Aspire This option is for members aged 40-49 and split into 2 options: Aspire 1 (for balances below $50,000) and Aspire 2 ($50,000 and above). Aspire 1 has a higher allocation towards growth assets including equities to help your balance grow with the potential for higher returns. Aspire 2 still has more exposure towards growth assets than defensive, however it's slightly less focused on growth compared to Aspire 1. | High |
| 50-57 | Focus This stage is split into 3 options: Focus 1 (less than $100,000); Focus 2 ($100,000 to less than $250,000); Focus 3 ($250,000+). Focus 1 has a much higher allocation towards growth assets, as it's designed to help your balance grow. Both Focus 2 and Focus 3 have less exposure to growth assets, as the strategy shifts to protecting the balance you've built up already. | Medium |
| 58+ | Sustain This stage is split into 2 options: Sustain 1 (less than $300,000) and Sustain 2 ($300,000+). If your balance is below $300,000 by the time you're 58 or older, you'll stay invested in more growth assets to help your balance continue to grow as your approach retirement. | Medium |
With a QSuper Accumulation account, when eligible, 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.
What you pay for insurance depends on your age, employment arrangements, and how much cover you have. For example you could pay between $0.42 and $1.55 a week for death cover, and between $0.06 and $6.06 a week for TPD cover. Insurance offered with a QSuper Accumulation account is provided by QInsure.
If you've decided to open a QSuper account you can open an accumulation account online. Make sure you have:
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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