Pensions

LUCRF Super proudly provides further options to serve you for generations.  We have introduced LUCRF Pensions for when you require access to a flexible income stream whether on your road to retirement with our Transition Pension or at retirement with our Retirement Pension. 

You can convert your superannuation savings into a flexible income stream, that offers the same competitive, low cost, member-focused features that you have come to expect from LUCRF Super.

LUCRF Pensions have a number of key competitive advantages, including:

• No entry or exit fees**
• Low ongoing fees and no commissions
• Choice of Transition Pension or Retirement Pension
• Flexible, diversified range of six investment options 
• Easy to invest your money
• Personalised customer service, you talk to a person, not a machine 

Investment Options

There are six investment options to choose from to suit your own personal circumstances, investment goals and attitude towards risk.  These options are the same as LUCRF Super's Industry Fund and Personal Plan, so when changing from one fund to another as your life changes, you can have the same choice or strategy in place or a mix the options if you wish.

Who is eligible to transfer?

Generally, you can only transfer to the LUCRF Pensions if you:

• Have reached age 65, or
• Have retired and reached your preservation age, or
• Have met other conditions of release of your benefit, such as invalidity, or
• Have an unrestricted non-preserved lump sum to invest.

LUCRF Super also provides members with access to financial planning, please contact us for further details.

If you wish to join LUCRF Super and combine all your super accounts or make payments into us prior to joining our Pension, please contact us directly to find out how.

Please peruse our LUCRF Pensions Product Disclosure Statement (PDS) below and our Pensions brochure for some frequently asked questions or view our pages on Transition Pensions and Retirement Pensions.

Prior to making any decison, you may wish to seek professional financial advice from your financial planner, if you do not have a financial planner, please contact us directly on 1300 130 780.

* Retirement includes any situation where you have unrestricted access to your superannuation benefit, including ceasing work due to ill-health.

**An administration fee does apply.  More infomation about fees and charges is located here.

• Offer Documents

• LUCRF Pensions PDS

  This Product Disclosure Statement (PDS) and SPDS (and application forms) explains the main features of the LUCRF Transition Pension and Retirement Pension, as at 31 December 2007 and 20 October 2009.

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• Brochures & Flyers

• LUCRF Pensions brochure

  An overview of LUCRF's Transition Pension and Retirement Pension.

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