Queensland government super fund QSuper has launched a self-managed super fund style direct investment option.
The option allows eligible members to invest a portion of their super directly into different options including shares, term deposits and exchange traded funds.
When members retire, QSuper Self Invest lets members transfer the underlying assets from an accumulation account to an income account, without incurring capital gains tax or brokerage fees.
Members can access the option via QSuper's online service.
"QSuper Self Invest offers people the best of both worlds, control over managing their investments with minimal paperwork and the option of returning to another QSuper investment option at any time," QSuper CEO Rosemary Vilgan said.
Investors will also have access to updated investment market research and data, Vilgan said.
The launch follows similar moves by funds like legalsuper, AustralianSuper and Hostplus,
QSuper has over $50 billion in funds under management and over 530,000 members.
