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 that you:

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

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.

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Flexible payment options

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.

View the pension payment dates

Minimum pension payments

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

Keeping fees as low as possible

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.

For more information on fees, read the Pension accounts Product Disclosure Statement or refer to Fees and costs.

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.

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Learn more

Watch our online tutorial to explore this topic further.

Retirement income streams

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

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We’re here to make things easy and help you get the most from your super so you can enjoy a better lifestyle in the years ahead.

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Use our calculator

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


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.