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:
You also need an opening balance of at least $50,000.
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.
You decide how often you receive your pension income. Choose from fortnightly, monthly, quarterly, half-yearly or annual payments.
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.
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.
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.
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.
You should read the Pension accounts PDS in deciding whether to acquire, or continue to hold, this product.
Use our retirement income calculator to get an idea of your future finances.
With the retirement spending calculator you can get an idea of your outgoings.
A low fee account that lets you access your super while you’re still working.