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LGS Guaranteed Income

LGS Lifetime Guaranteed Income
LGS Fixed Term Guaranteed Income

Our LGS Guaranteed Income products have been designed for members who want guaranteed income in retirement.

The LGS Guaranteed Income products provide a regular, tax-free secure income that helps manage the risks in retirement. The different features allow you to customise your account to meet your retirement needs.

How do these products work?

LGS Guaranteed Income products are non-account based pensions that provide fixed payments in exchange for an initial capital investment. These products are designed to provide market and inflation protection at competitive rates.

The LGS Lifetime Guaranteed Income allows members to invest for their lifetime or the lifetime of the member and another person.

The LGS Fixed Term Guaranteed Income allows members to select a term from 1 to 40 years. It also provides members with the option to have some capital repaid at the end of the investment term.

Who can open an account?

To open an LGS Guaranteed Income account:

  • you must be aged 60 or over
  • the money used to establish the account must be unrestricted non-preserved superannuation money
  • you must open the account via an LGS financial planner.

What features are available?

LGS Guaranteed Income products allow you to customise your account with the following features:

  • payment indexation to manage inflation risk
  • range of payment frequencies
  • voluntary withdrawal period
  • reversionary spouse nomination or binding death benefit nomination
  • lifetime income (LGS Lifetime Guaranteed Income only) 
  • an investment term of 1 to 40 years with the option of having some or all of your capital repaid at the end of the term (LGS Fixed Term Guaranteed Income only).

How do I apply?

To apply for an LGS Guaranteed Income account, please contact your LGS financial planner. You can also request an appointment online or call Member Services on 1300 LGSUPER (1300 547 873) between 8.30am and 5.00pm, Monday to Friday.

More information

For more information on the LGS Guaranteed Income products, please refer to the following: