Add to your pension
Superannuation legislation prevents you from adding money directly to your Pension account but there are things you can do if you think you’ll need to add money to your pension.
What are my options?
Consider the following options if you want to add money to your pension.
1. Close and restart a Pension account.
Once you’ve received your minimum pension income payment for the financial year you can close your LGIAsuper Pension account and open another one with the remaining balance, plus any extra money from an existing LGIAsuper account (such as an Accumulation account). You will need a minimum of $50,000 to start your new pension.
2. Open an additional Pension account.
If you have an LGIAsuper Pension account and money in an LGIAsuper Accumulation account or with a different super fund you can open an additional LGIAsuper Pension account without making any changes to your existing Pension account.