A retirement income account can allow you to invest all or part of your super to produce a tax-effective income stream.
These accounts are available to members who have reached preservation age and are permanently retired. The preservation age is 55 for individuals born before 1 July 1960 and gradually increases to age 60 for those born after 30 June 1964.
An LGS Account-Based Pension Plan offers a range of benefits including no entry or contribution fees, competitive management fees and flexible income levels.
You can also have your Account-Based Pension commuted or paid out as a lump sum at any time.
For more information, call our Member Services team on 1300 LGSUPER (1300 547 873) between 8.30am and 5.00pm, Monday to Friday.