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Retirement Savings Account

Qantas Credit Union's Retirement Savings Account (RSA), are designed especially for those looking for security and flexibility for their superannuation, rollovers and allocated pensions.

Qantas Credit Union's RSA offers you:

Security Protection of being capital guaranteed. No negative returns.

No account keeping fees

No Annual Member fee, administration fees or investment management fees are charged. A withdrawal fee will apply if more than 4 withdrawals are made per year. A fee may apply for preparation of an actuarial certificate for an allocated pension.
Flexibility A choice of lump sum benefit payments, or an allocated pension facility.
Comfort The peace of mind that comes from knowing your retirement savings are in the care of your Qantas Credit Union.

RSA's are superannuation savings accounts and, as such, are subject to the same protections and benefits as a superannuation fund. Utilise our RSA to assist in your retirement planning, both at retirement and during your working life. If you're currently working, considering retirement or leaving your present employer, you're entitled to the benefits and features available through our RSA.

An alternative choice in retirement planning

RSA's operate within the superannuation environment, therefore offer many attractive features, including:

  • Concessional rate of tax applies to earnings
  • RSA's can accept rollovers of superannuation benefits and therefore serve to defer any tax liability otherwise payable.
  • RSA's provide a high degree of security for the monies invested. The capital invested is guaranteed.
  • Benefits can be paid either as a lump sum or as an allocated pension income stream.
  • Allocated pensions may provide additional taxation benefits for many Members.
  • An employer contribution facility is also available.

Current interest rates

Daily Balance Rate (before tax) Rate (after tax) p.a.
$1 million & over 2.75% 2.3375%
$500,000 to $999,999.99 2.75% 2.3375%
$250,000 to $499,999.99 2.50% 2.1250%
$50,000 to $249,999.99  2.50% 2.1250%
Below $50,000 1.50% 1.2750%
Allocated Pensions    
$1 million & over  3.00 %  3.00 %
$500,000 to less than $1 million  2.75 %  2.75 %
$0 to less than $500,000  2.50 %  2.50 %

Rates current as at 14 April 2014

More Information
How to Apply

An application form is available in our Retirement Savings Account Product Disclosure Statement.

Apply for a Retirement Savings Account

This is general advice and has been prepared without taking into account your objectives, financial situation, or needs. Before acting on any advice you should consider its appropriateness to your circumstances. You should read and consider the Product Disclosure Statement (PDS) before opening an account.