LGIA Superannuation

LGIALGIAsuper is a specialist super provider offering personal super and retirement account services.

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If you’re thinking of switching funds, have a look at some of the funds currently on Canstar’s database.

To compare other super funds suited to your life stage and preferences, visit the Canstar super fund comparison pages.

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Types of LGIAsuper accounts

LGIAsuper offers an accumulation account with a choice of 14 investment options. You can choose the option or combination of options to suit your retirement goals and life stage. Your choices include:

  • Life-stage option
  • Ready-made diversified options
  • Socially responsible options
  • Single asset class options

There are a few benefits available to LGIAsuper members who have a super account, including:

  • Insurance in super available for death cover (life insurance), and total and permanent disability (TPD) cover
  • Easy online account access
  • Socially responsible investment options

 

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Eligibility to join LGIAsuper

LGIAsuper does not list any eligibility requirements on its website or PDS. However, super funds generally require that you satisfy the following criteria to register with them:

  • You must be an Australian resident
  • You must be over 18 years of age
  • You must be earning at least $450 before tax per month from an employer

If you are under the age of 18, but earning more than $450 before tax per month, you may need to be working more than 30 hours per week to qualify for super.

How to join LGIAsuper

You can apply to join LGIAsuper by visiting their website and following the sign-up process.

Be sure to compare super funds on the Canstar website and check our choosing a super fund checklist before signing up for a particular superannuation account.

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Can I manage my LGIAsuper account online?

Yes, LGIAsuper has a dedicated online portal for super fund members. You can view your account balance online, access statements for your account, download super fund information and more.

The money in your LGIAsuper account is invested by your super fund. It offers 14 investment options, from which you can pick and choose.

When choosing an investment option, it is important to take into account your investment timeframes and goals, and your personal risk tolerance for market fluctuations. Learn more about how to choose between different investment options on the Canstar website.

At the time of writing (19/07/2018) LGIAsuper charges annual fees based on your total balance and your age.

If you are under 75 you will be charged a 0.45% per annum investment fee and a 0.21% administration fee. If you are over 75 you will be charged a 0.39% per annum investment fee and a 0.21% administration fee.

Compare these fees to the average super fund fees on our database, as fees are an important consideration when selecting a fund.

Yes, LGIAsuper offers a consolidation service for its members.

It’s important to check with your previous super funds for information regarding costs such as exit fees and insurance cover you may lose if you switch super funds.

LGIAsuper was founded in 1965 to provide superannuation to Queensland local government employees and spouses. After over 50 years of operation, on 30 June 2017 they opened their doors to all Australians.

Today they manage $11 billion in retirement savings for their over 85,000 members. Their three core values are:

  • Trusted advice leading to real growth
  • Reliable services that deliver consistent results
  • Understanding the needs of their members and communities

Written by: Tim Smith | Last updated: August 2, 2018