YOUR PENSION 2021/22

It’s that time of year when we review your Active Super (formally LGS) Account-Based Pension Plan and ask how much you’d like to receive in pension payments for the next financial year.

Last year, the Federal Government halved the minimum drawdown limits for your account-based pension. This has been extended throughout the 2021/2022 financial year.  

AGE MINIMUM DRAWDOWN PERCENTAGE OF YOUR ACCOUNT BALANCE FOR FINANCIAL YEAR 2021/22
Under 65 2%
65-74 2.50%
75-79 3%
80-84 3.50%
85-89 4.50%
90-94 5.50%
95+ 7%

Want to change your payment?

If you want to change your pension payment amount, simply log into Member Online and change it in three easy steps:

  1. Log into Member Online, then go to Your Account, then Pension Details.
  2. Enter the annual withdrawal amount and select the frequency (yearly, half-yearly, quarterly, monthly or twice-monthly) 
  3. Then confirm your selections. 

If you receive Centrelink or the Department of Veterans’ Affairs (DVA) payments, there’s no need to let them know your pension details. We’ll take care of that for you.  

Thanks for choosing Active Super

If you have any questions please contact us.