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20,000 Qantas Points for Joining Australian Super

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It's basically the same deal as published Here, but now valid until 30th June.

Further, this offer is valid for someone joining Australian Super for the first time. While this may/not be suitable for all, certainly for someone who already has plans to join Australian Super.

Please do your own research before joining Any Super. Cheers !

Edit as Suggested by Pepsicles: Be sure to scroll down and input your details and validate before joining.

Edit 2: Simply join AustralianSuper, contribute a minimum of $350 within 6 months and you’ll earn 20,000 bonus Qantas Points*. Offer ends 30th June 2019 extended to 31 Dec 2019.

Redeem them for flights, upgrades, hotels, wine and more, and be rewarded today while you plan for tomorrow.

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      • I lodged a complaint with AFCA, and then I got refunded all the insurance fees deducted by Australian Super. But it was an annoying and completely unnecessary faff about. Just glad I took screenshots of my application, so if needed I could prove I opted out of all insurance. Then rolled over balance into my usual super once insurance was refunded and points were awarded.

        So PSA as follows: do NOT supply your employer details to Australian super, so in step 2, "Employment", make sure you answer "No" to "will your employer be contributing to your super?"

  • +1

    Just want to put in my 2 cents here

    Excluding points for flights I would think of 20000 points to be $133 worth (Woolies auto rewards 750 points = $5) (150 points = $1)

    Correction to OP - get points in 6 months - it should be 'You’ll receive 20,000 Qantas Points 2-3 months after the minimum contribution of $350'

    And lets say 3 months of admin fees are charged $2.25 x 12 weeks = $27.00 maybe add another 2 weeks of fees if there is slow processing = $31.50

    Real value would be around $100.00 for 20000 points for those who are thinking of opening up, get the points and then GTFO

    I am with Aus Super and use their Member Direct option which I pay around $400 in admin fees a year for that service because they are one of the very few super funds that lets you pick your own specific stocks and ETFs. Not too sure of their standard balance fund but if you want to save on admin fees, the standard index funds would be the way to go depending on your risk profile.

    • You would be a fool to spend Qantas points on gift cards. You can easily sell points for at least 1 cent a point on ebay or gumtree. So 20,000 is worth at least $200.

      • oh yeh… how do you sell the points? got a guide?

        • Check ozbargain classifieds

  • +1

    The best way to utilize the offer is

    Today : Join Australian Super so that you are eligible for this offer.
    Make your first contribution on 1st July, 2019. So that your account will be active as of 1st July and wait for 2-3 months. Whatever time it takes you will never be charged more 3% of $350 as fees (https://treasury.gov.au/consultation/c2018-t286292)

    Let me know if I have missed any facts.

    • Excellent guide.

      What if I have used AustralianSuper in the past but closed my account?

      Nvm

      This offer is available only to Qantas Frequent Flyer members who join AustralianSuper for the first time - simply follow the steps below.

      • (Please don't judge me for this)
        1. What is the cheapest way to join Qantas frequent flyer club?
        2. And is there any way of transferring the points in to cash?

        Q1 answer: free https://www.ozbargain.com.au/node/352785

      • I think it shouldn't matter till the time your old account is closed. You can try looging into your old account. If you are not able to l, you should be eligible to get a new one.

        Qanatas account is free via many sources as far as i know.

    • Why do you recommend contribution on 1 July rather than asap When the account is activate?

      • Apologies, forgot to mention that, the above 3% rule will be applicable post 1st July.

        • Yup I thought that was the case but still nothing has been officially legalised that I can see yet

          By the way if you open the account to now, won't they just accure the admin fees sooner and take it out of the $350 when it is deposited? Maybe open in last 2weeks in June is better.

          • @Poor Ass: If you open an account now you are eligible for offer. But your fees should only be deducted after your account goes active which is post first contribution.

            Law has already been passed to be effective from 1st july to not to deduct fees more than 3%.

            • @Edinburgh: Ya I believe ya… I just can't find it

            • @Edinburgh: Fees are deducted after your first contribution however it is backdated to the day you created the account.

          • @Poor Ass: There have been reports (such as this) of the passage of the law in Feb, including the 3% cap.

            I agree that the admin fee will accrue sooner, but the super fund trustee is required to refund you the difference within 3 months of account closure. Check out "Example 2.4" from the actual Bill here.

            I admit I have no idea as to how the refund gets to you in practice…

            • @mocha_latte: I got something official about the 3% now from my superfund

        • The offer says you must contribute before 30th June.

          • @Gaz1: I think the requirement is join before 30 June, then contribute within 6 months of joining.

          • +1

            @Gaz1: Incorrect

          • @Gaz1: Oops - sorry, I misread the offer. It says:
            "To be eligible for this offer, you must join AustralianSuper via this page before 30 June 2019 and contribute at least $350 within the first six months"

            So it sounds like it is best to sign up now & wait until after 1st July to contribute to potentially minimise fees.

  • Anyone with Australian Super have any feedback/recommendations regarding their pre-mixed options? E.g Balanced, High Growth..etc

    • if you are looking for performance then it varies from option to option

      but overall their service I would say is acceptable

      I'm a big fan of their Direct Member service

    • I am with high growth and I got negative earning this year till last review in december. But pist december I am on positive.

      • Most (if not all) super funds went negative then so it's not just Australian Super.

  • +1

    i'm wondering if you can just bpay a quick $350 in, just dont want to hassle my payroll department

    • +1

      You can. points came in quickly after, then easily transferred to main super account.

      • +1

        Tomorrow’s project sorted cheers

    • Why you want to pay it from aftertax money. When you can pay it from pre tax money -15% tax.

      • Makes no diff, u can fill out form and it claim it on tax at end of the year.

        Plus I already exhaust the 25k budget

        • Good Idea, I'll do that post Contribution, claim back on tax

  • -1

    Sums up the Industry funds now starting to play dirty. This surely is in breach of the sole purpose test.

    • -1

      Thats why treasury came up with protect your superannuation bill in budget 2018 2019

      • -1

        Irrelevant to this topic.

  • I'm with Oz Super.

    Their performance and fees are reasonable.

    Customer service is hit and miss, sometimes good, sometimes beyond woeful.

  • Is there a way to connect Aus Super account with Qantas Frequent Flyer account for the existing Aus Super members?

    • No I think it's to lure more new customers only. Why would they give you points if you're already stuck with them. The thing with super is kind of like a home loans (probably even worse)… you can't switch without incurring penalties… and losing investment values…

      • I was just checking about connecting both accounts (Aus Super and QFF) for any future purpose even if they don't give points to the existing Aus Super customers right now.

      • Is there a penalty while exiting a super and moving to another super fund?

        • I think you indirectly pay penalties in terms of investment value drop plus any applicable exit fees

  • +1

    Joined and made $350 contribution in start April. Just received the QFF points.

  • Thanks OP. Signed up both myself and wife to the Balanced fund, no employer contribution (will keep our individual ones where they are).

    The portal isn't so clear on where/how to add the $350?

    Our plan is to keep a seperate account from the work super and add funds here and there where we can.

    Anyone help?

    • You have to fund your account via BPay. The biller code and account number should be on the right hand side once you sign into your account

  • Any data points for how quickly the points turned up?

    Also, how long does it take to rollover? My OH rolled in from Care Super, and it took about four weeks to show up online (backdated to the date or rollover though). I've just rolled over from VicSuper, so will see how that goes.

    • Mine took about 5 days to roll over from First State, (even though FSS cut off my online access pretty much immediately)

      • Thanks, mine turned up in about a week in the end, although same as you VS closed my online access instantly.

  • I wonder if this scheme goes against the provisions of the sole purpose test.

    • -1

      It would sure come close. You are benefiting from your Super..

  • +1

    Got my points today. Opened account on 16/5

    • Me too

    • same! now can I move back the $350 to my current super?

      • Yep. I did it as soon as I saw that my Qantas Points were credited. I’m fact the roll over went through the same day. Not sure if this is related to the roll over but was charged 68c in “interest” on the same day.

        • Still waiting for my points.

  • Does Aus Super provide an option to roll in a certain amount (e.g.$350) from another super account? Thanks

  • I want to open an account with them but have not started working yet, do they charge fees if I have not started?

  • So far I am quite impressed with the performance from joining them on 3/5. As of today, my investment has made more than 2.5% which is around 15% pa.

    • Frankly to me as well. It has gone up around 2% in 4 weeks or so. Yup this can vary over time. But Seems good so far.

    • Mine has gone up $4 wooooo

  • +5

    Good news, 'Offer extended until 31 December 2019.'

  • Does "Consolidation from other super" count as "contribution"?

    • Yes. Rollover in from other super is counted as contribution.

      I got bonus points from it.

  • Got points today. Joined last week.

  • Contributed 10th June 2019 $360 and I received my 20,000 pts today~~~YAYYYY

  • Got my points already, has anybody closed or rollover to another fund yet? I may consider staying with them if they’re better than existing fund

    • Same. Actually contributed more than the $350 to this Fund, preferring their App over my existing Fund’s and will wait till the annual statements for 2019 issued to then decide on which one to consolidate into. Haven’t compared their insurance offers so that may be a key decision factor.

  • Does anyone know when they will issue the statement for 2018/2019?

  • Application didn't include my FF number for some reason, signed up directly using the link from a Qantas email regarding this promotion… Anyone else had this issue?

    They're playing dumb now, claiming they didn't receive a Qantas FF application, rather a generic one. Bait advertising…

  • we dont have to roll over $350 from our existing super, or notify our payroll to change super provider, right? we can just bpay $350 from saving account and still count as contribution?
    i understand later i have to transfer that $350 to my super (cant transfer back to saving account).

  • Joined 22 Feb 2019
    Transferred my super balance from another fund on the same day
    6 months later - still no points

    Approximately 10 emails sent to follow up, each reply being
    AustralianSuper do not have any visibility of the allocation of your points.
    Confirmation of the allocation of your points will be through your Frequent Flyer statement.

    Any idea who should I email or how to escalate this further?

    • gee feeling a bit worry now to try….

      • Sent them another email again today.

        Last three emails to [email protected] are unanswered

        • their standard email address is [email protected]
          Otherwise, go through their internal email through the portal

        • If you haven't received the points yet, lodge a complaint with AFCA. I got the impression Australian Super were ignoring me (was charged an insurance fee when I had opted out of all insurance), until I reported it to AFCA, but I had read so may pages & pages of bad reviews of their customer service that I only waited a few days, as I no longer have patience for companies that ignore/dismiss/downplay legitimate complaints.

  • So if I transfer the $350 back into my primary super account BEFORE the points are in my QFF account, does that mean I may be ineligible for the points?

    • Better do live chat with them to confirm. If me I will wait for the points. Just put that $350 into stable or low risk fund and you'll be fine

  • Received long time ago. Very good I don't know why some people didn't get the points.. must be super unlucky

  • Signed up, fingers crossed!

    • Points in my account 07/11/2019 :)

      Did a rollover to activate offer :)

  • anyone close the account with au super? any exit fees?

    • +1

      New legislation means most funds should not charge an exit fee anymore, contact the fund to confirm

      • +1

        yep, exit fees are banned from 1 July 2019

  • Joined 18 Oct and got 20,000 points on 4 Dec.

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