How to access super

Once you permanently retire and reach your preservation age you can choose what to do with your super. You have the flexibility to access it as regular income, lump sums or a combination of both.

What are my options?

Whether you prefer a regular income stream from your super or lump-sum payments, we offer an account to suit you.

Type of accountFeaturesHow this account is opened
Accumulation account
  • When you retire your money will remain in your LGIAsuper Accumulation account.
  • You can make up to 12 lump sum withdrawals (of at least $3,000) each year.
  • When you joined LGIAsuper we would have opened an Accumulation account for you.
  • If you’re a Defined Benefits member your super is automatically transferred to an Accumulation account once you leave employment.
Transition to Retirement Pension account
  • You can access your super as regular income (but not lump sums) while you’re still working.
  • Choose how often you receive payments and how much you receive each payment, within limits of 4% and 10% of your account balance each year.
  • To open a Transition to Retirement Pension account you must have reached your preservation age but not yet turned 65 and also not yet permanently retired
  • You also need an opening account balance of at least $50,000.
Pension account
  • Access your super through automatic regular payments and enjoy the flexibility to make up to 12 lump sum withdrawals (of at least $1,000) each year
  • Choose how often and how much you receive  each payment
  • To open a Pension account you must be permanently retired and reached your preservation age.
  • You also need an opening account balance of at least $50,000.

Other things to consider

With any account your balance can change according to investment returns. Your age and how you access your super will also have an impact on how your income from super is taxed.

Related downloads:

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Manage your super online

Enjoy easy access to your account with Member online and make managing your super simpler.

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Your spouse can join LGIAsuper

Open an Accumulation account for your spouse and share the benefits of LGIAsuper membership.

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Flexible options to suit you

LGIAsuper's Pension accounts give you the flexibility to choose how best to access your super.

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Get professional advice

LGIAsuper can help you understand your options and make informed decisions about your future.

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