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 end of the Pension accounts PDS Part 1 (Page 23 of the PDF) and return it to LGIAsuper.
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.
A retirement income stream is one way of accessing your superannuation when you retire. It offers regular, flexible and tax-effective payments from your superannuation. The decision on income stream versus lump sum payment is different for everyone.
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 download our pension payment calendar to help keep track of your payment dates for the 2019/20 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.
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.
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.