Before opening a Pension account, we recommend that you:
If you decide a Pension account is right for you, simply complete the Pension application form and return it to LGIAsuper.
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.
To help keep track of your payments for the financial year, you can refer to our list of pension payment dates.
The Australian Government sets a minimum pension amount that is based on your age and account balance at the time of opening your account.
As a COVID-19 relief measure, the Government temporarily reduced minimum drawdown rates on account-based pension by 50% for 2020/21 and 2021/22.
Find out more about the temporary reduction to minimum drawdown rates
As a profit-for-members fund, we don’t have any shareholders to pay, and we don’t pay commissions to financial advisers. We work hard to keep our fees as low as possible.
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.
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.