What is a Sunsuper income account?
Our Super Savings Retirement income account is specifically designed for members who are age 65 and close to retirement or who are already retired. It allows you to receive payments (you can choose the amount) from your superannuation account at regular intervals (you can choose the frequency).
Is Sunsuper an industry fund?
While Sunsuper is an industry fund, it does not carry the symbol. There are only 13 Industry SuperFunds that carry the symbol. The funds that carry this symbol are run only to benefit members, have low fees and have never paid commissions to financial advisors.
Is Sunsuper owned by Suncorp?
On 28 February 2022, Sunsuper and QSuper merged to become the Australian Retirement Trust….Sunsuper.
| Type | Industry superannuation fund |
|---|---|
| Fate | Merged with QSuper to form the Australian Retirement Trust |
| Headquarters | Brisbane , Australia |
| Area served | Australia |
What is Sunsuper called now?
Australian Retirement Trust
Important Update. Sunsuper and QSuper have merged to become Australian Retirement Trust.
What is a superannuation income account?
A superannuation pension or Income account is an account-based pension, and was formerly also called an allocated pension. It is a stream of payments that you withdraw from your super account to provide a source of regular income in retirement.
What is an income account?
Definition of income account : a financial statement of a business showing the details of revenues, costs, expenses, losses, and profits for a given period.
Are super funds not-for-profit?
Industry super funds aren’t owned by a major bank or financial institution. Instead, they’re owned by the members of the fund. Industry super funds are not-for-profit funds, as they don’t exist to make a profit for a parent company or shareholders, but instead exist to benefit the members of the fund.
Is Sunsuper an APRA fund?
Sunsuper is authorised by APRA to offer a MySuper product which is known as Sunsuper for life and has the MySuper product unique identifier of 98 503 137 921 996. Sunsuper accepts all contribution types including superannuation guarantee contributions from employers.
Is Sunsuper now Australian Retirement Trust?
Sunsuper and QSuper have merged to become Australian Retirement Trust.
Is Sunsuper NOW Australian Retirement Trust?
Important Update. Sunsuper and QSuper have merged to become Australian Retirement Trust.
What is the largest superannuation fund in Australia?
AustralianSuper
AustralianSuper remains the biggest fund on both counts, with assets worth $244.9 billion (up 29% in a year, and 2,468,216 members (up 4% in a year).