How to join

Follow the steps outlined below:

Step 1

Read our Pension Member Guide

It is important you read our Pension Member Guide as it provides key information about the benefits and features of LUCRF Pensions. It will help you decide if a pension is right for you, which type is suitable and whether or not you are eligible.

LUCRF Super offers three different pensions, read the Pension options page to find out more.

To be eligible for a pension you generally need to have reached your preservation age and have a super benefit of at least $10,000 to convert to a pension. Preservation ages are detailed in the table below.

Preservation Age

Date of birthPreservation age
Before 1 July 196055
1 July 1960 – 30 June 196156
1 July 1961 – 30 June 196257
1 July 1962 – 30 June 196358
1 July 1963 – 30 June 196459
After 30 June 196460

Please note: If you’d like to apply for a disability pension, it’s important that you speak to us first as we need to establish your eligibility before you can open this type of account. Please call us on 1300 130 780.

Step 2

Personalise your pension

There are several things you need to consider when starting a LUCRF Pension. You make the decisions and personalise your pension by selecting the options most suitable for you. These options are outlined below.

A. Your initial contribution (deposit)

A minimum initial deposit of $10,000 is required to open a LUCRF Pension. You can choose either the full amount or nominate a partial amount of your consolidated super to open your pension. 

B. Select the payment amount, frequency and which investment option you draw down your investment options from.

You can decide how often and how much money you get paid from your pension (minimum and maximum limits apply to a transition to retirement (TTR) pension and minimum limits only apply to a retirement pension). You can also nominate which investment option your pension payments are drawn from (if you have more than one investment option chosen).

C. Choose your investment options

You can choose from ten different investment options – you can select one option or a mix of several. If you don’t make a choice then your pension will automatically be invested in the Balanced (default) option. If you choose more than one investment option, then you can also choose which option you receive your pension payments from. For more information, please refer to the Investments section of our website.

D. Nominate beneficiaries

When you open your LUCRF Pension, you may nominate someone to receive your remaining funds in the unfortunate circumstance of your death. This person is called a ‘beneficiary’. You can nominate more than one person in some cases. 

Step 3

Complete the forms, provide certified identification and send back to us.

Simply complete the appropriate forms and send them back to us. Below is a checklist for you to help determine which forms you need to send us:

  • Complete the Pension Member Application Form to join as a TTR or retirement pension member (see Related content on the left).
  • Complete the Pension Member Investment Choice Form if you wish to make an investment choice. If you do not complete this form, you will be invested in the Balanced (default) option
  • Provide a certified copy of your identification
  • Complete the Transfer between Funds Form
  • If you wish to add further money prior to opening your pension, please contact us directly on 1300 130 780
  • Complete the Tax File Number Declaration Form* if you are aged between 56 (or 55 if born before 1 July 1960) and 59, and
  • Return your completed form/s, cheque (if applicable) and certified identification to: LUCRF Super, PO Box 211, North Melbourne VIC 3051.


Please remember that if you send a Transfer between Funds Form to start your pension, your account will not be opened until all the rollover money is received from the other fund/s. Remember you are unable to add to a pension account after it is opened, however you can open another pension account separately.

Pension forms are available for downloading from the Resources section. If you require assistance with completing the forms, please call us on 1300 130 780.

* Instructions for completion are available from the ATO website

Cooling Off Period

There is a ‘cooling off’ period that applies, allowing you to cancel your pension in writing, under the following circumstances:

  • Within 19 days of us receiving your application
  • Within 14 days of us issuing your Welcome Kit advising you of your pension details.