Pensions

Superannuation pensions are designed to provide you with regular income payments leading up to, or in retirement.

Their benefits include:

• an automatic, regular payment direct to your bank account
• you can select the amount of income you receive each year, within guidelines set by the Australian Government
• your dependant(s) receive your remaining benefit if you die
• investment earnings are tax-free
• pension payments are tax-free once you are over age 60, and before then income payments may be more tax-effective than if taken as one-off lump sums
• if you are retired, you have the flexibility to access your full benefit or lump sums

LGsuper’s pension options

With two pension accounts, LGsuper offers a type of pension to suit you. You should consider the Pension accounts PDS in deciding whether to acquire, or continue to hold, these products.

Pre-retirement Pension account

If you have reached your preservation age but have not fully retired, you can open a Pre-retirement Pension account to receive extra income from your super. Read more… 

Pension account

An LGsuper Pension account provides you with regular retirement income and the flexibility to take lump sum withdrawals. Read more…