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Local Government Super Account Based Pension

Past 5-year return
11.04%
Admin fee
$70
Calculated Fees on 50k
$425
6 easy to understand investment options to select from plus DIY Investment Option
Free pre-retirement seminars & access to an in-house financial planning service
Account Managers in branches throughout Sydney and regional areas
Ancillary benefits through Fair Go Member benefits program
Various death benefit payment options available including a Reversionary Pension and Binding Nominations
Originally established to provide retirement benefits to employees of NSW Local Governments in 1997, Local Government Super (LGS) is now a public offer industry fund. LGS Account Based Pension commenced in 1999. The Lifetime and Fixed Term Guaranteed Income accounts are recent additions to the fund's post-retirement income solutions, which are designed to offer a guaranteed, regular income while providing additional protection against inflation and longevity risks.LGS won the 2017 SuperRatings Infinity Award for the fifth time for its exceptional commitment to social, ethical and environmental principals. The fund was also the winner of the 2016 Rising Star Award, in recognition of its consistent improvements to its product offerings which have significantly enhanced value for its members.Members have access to 6 Diversified and Single-Sector investment options. Access to Term Deposits, ASX300 Shares and ETFs is also provided via the DIY Investment Option, however, additional costs may be incurred. The Balanced Growth option has performed in-line with the SuperRatings Index over the long term. Fees for the Balanced Growth option are well below the industry average across all assessed account balances. However, fees apply for withdrawals, investment and product switches. Members are provided with a reasonable level of flexibility, offering 5 pension payment frequencies, ranging from twice-monthly to annually, and a single pension payment date. Members have the ability to nominate a fixed percentage drawdown for pension payments, or pro-rata across investments.

Fees & fund features-0

Admin fee
Admin fee
$70
Exit fee
Exit fee
$26
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.44%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$26
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Admin fee
Admin fee
$70
Exit fee
Exit fee
$26
Financial planning service
Financial planning service
Credit cards
Credit cards
Insurance life event increases
Insurance life event increases
Investment fee
Investment fee
0.44%
Account size discount
Account size discount
Health insurance
Health insurance
Binding nominations
Binding nominations
Anti-detriment payments
Anti-detriment payments
Switching fee
Switching fee
$26
Employer size discount
Employer size discount
Home loans
Home loans
Non-lapsing binding nominations
Non-lapsing binding nominations
Long term income protection
Long term income protection
Fund fees vs. Industry average
Fund past-5-year return vs. Industry average
Investment allocation
Investment option performance
+ View additional option performance information
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