Pension account

LGIAsuper’s Pension account can provide you with a regular income in retirement and the flexibility to take lump sum withdrawals. Simply choose how much income you want and how often you receive payments.

The income you receive from your LGIAsuper Pension account can top up your Australian Government Age Pension (if you’re eligible) or other income support payments you may receive.

How to open a Pension account

Before opening a Pension account we recommend you read the Pension accounts PDS and contact us to speak to our trusted and reliable staff, as they can help you understand your options.

If you decide a Pension account is right for you, simply complete the Pension application form at the back of the Pension accounts PDS and return it to LGIAsuper.

Read pension accounts PDS    Contact us

Can I open a Pension account?

You can open a Pension account when you reach your preservation age (which is between 55 and 60 depending on when you were born) and have:

  • permanently retired
  • left your job or changed jobs on or after turning 60
  • turned 65

You also need an opening balance of at least $50,000.

Manage existing pension account

You may have stopped working, but your super hasn't. With LGIAsuper we'll help you get the most from your retirement savings and make managing your super simple.

Read more about how to manage my pension account

Flexible payment options

You decide how often you receive your pension income. Choose from fortnightly, monthly, quarterly, half-yearly or annual payments. You can download our Pension payment calendar to help keep track of your payment dates for the 2018/19 financial year.

You can also choose how much you receive each payment. The Australian Government sets a minimum pension amount that is based on your age and account balance at the time of opening your account. To find out what your minimum pension amount is, download our Pension accounts PDS.

Low fees, genuine value

Our fees are among the lowest in the industry. You won’t pay to contribute to or withdraw from your account and it’s free to switch investment options. For more information on fees, read the Pension accounts PDS or visit the Fees page of our website.

Read the Pension accounts PDS   View Fees

Investment choice

LGIAsuper offers a wide range of investment options so you can make a choice that suits your needs. You can change your investments at no extra cost.

View our investment options

Tax benefits

If you’re aged 60 or over your pension income is tax free. If you’re under 60 your pension income is taxable but a tax offset applies.

Investment earnings are tax free whatever your age. For more information, click the button below.

Check Tax On Pensions

You should read the Pension accounts PDS in deciding whether to acquire, or continue to hold, this product.

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Use our calculator

Use our retirement income calculator to get an idea of your future finances.

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See what you’ll spend

With the retirement spending calculator you can get an idea of your outgoings. 

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Transition to Retirement account

A low fee account that lets you access your super while you’re still working.