Retirement can be a time of exciting opportunity and experiences and to make the most of it, your finances have to work hard for you. At LGIAsuper we offer a range of flexible accounts to suit your lifestyle and financial expectations.

What are my account options?

When you retire your money will remain in your LGIAsuper Accumulation account (or if you have a Defined Benefit account your money will be transferred to an Accumulation account).

However, you have the option to open an LGIAsuper pension to provide you with regular income in the lead up to or during retirement.

Type of account Features Who is this account for?
Transition to retirement Pension account
  • Access your super as regular income while you’re still working
  • Limits apply to the pension income you receive (between 4% and 10% of your account balance each year)
  • Flexible payment options
  • No fees to withdraw money or switch investments
  • Members who are still working but have reached their preservation age (which is between 55 and 60 depending on when you were born) and are under age 65
Pension account
  • Access your super through regular income or lump sums
  • No limits apply on your annual pension income
  • Choose how often and how much you receive each payment
  • No fees to withdraw money or switch investments
  • Members who have permanently retired and reached their preservation age

Fees

All super funds charge fees to cover the costs of managing your super. Even a small difference in fees can make a big difference to your account balance over time so it's a good idea to be aware of what fees may apply to you.

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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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How is super income taxed?

Your age and how you access your super will determine how your pension income from super is taxed.

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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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Get professional advice

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

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