To open a TTR Pension account you need:
Once you turn 65 your Transition to Retirement Pension account will automatically be converted to a Pension account. This is because there are no limits on how much you can withdraw from your super after this age.
You can use a Transition to Retirement Pension account to:
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, within limits of 4 and 10 per cent of your super balance each year.
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.
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.