Pension accounts
An LGsuper Pension account provides you with a regular income and the flexibility to take lump sum withdrawals. You can choose how often you receive your pension, and how much income you want (a minimum pension amount applies).
You should consider the Pension accounts PDS in deciding whether to acquire, or continue to hold, this product.
You’ll find the key features of this type of account in the table below.
| Feature | |
|---|---|
| Income payment amount | At least a minimum based on your account balance and a minimum pension valuation factor for your age each year. |
| Income payment frequency | Quarterly, half-yearly or annually. |
| Minimum investment amount | $50,000 |
| Investment choices | Select one option from a range of investment choices. If you do not make a choice, your money will be invested in the Balanced option.
|
| Lump sum withdrawals | Up to 8 withdrawals each financial year, minimum $1000 per withdrawal. |
