Transitioning to retirement

Looking to ease into retirement? A Transition to Retirement Strategy allows you to ease yourself into retirement by moving to part-time work, supplementing your salary via your super and benefiting from tax concessions.

Benefits of a TTR

The Transition to Retirement (TTR) strategy is generally used for one of two reasons:

  1. create and build wealth leading into retirement.
  2. work less and maintain your income for a better lifestyle balance.

  • Who's eligible for a TTR

    To benefit from a TTR income stream you must:

    • have reached preservation age but be under 65;
    • be currently employed; and
    • transfer some (a minimum of $10,000) or all of your super to a TTR income stream.

    If you're 65 or over and have already retired, a retirement income stream might be for you.

  • How a TTR works

     With a TTR strategy, you have two accounts:

    1. your super (accumulation) account: which receives contributions plus any investment earnings.
    2. your flexible retirement income stream account: which is set up using some (or all) of your super savings.
  • Benefits of a TTR income strategy
    • pay less tax
    • tax free investment earnings
    • increase your savings
    • top up your take-home pay.

Build wealth

A TTR strategy can help you build wealth while you are still working. Potential benefits include:

  • reduce your tax bill
  • increase your super by salary sacrificing an amount of your wage
  • make up any 'lost' income through payments from your retirement income stream
  • enjoy tax free investment returns.

Read case study

Work less

A TTR strategy can be used to achieve a better lifestyle balance if you decide to work less.  Potential benefits include:

  • get paid the same amount of money by drawing an income from your super
  • cut down on working hours (there are no restrictions on the hours you work)
  • move to a lower paid job.

Read case study

Ready to take the next step?

Remember, a TTR strategy requires careful planning! But if you're ready to apply, here are some steps you can take:

Get the right advice

TelstraSuper Financial Planning can provide you with simple personal advice over the phone on your retirement planning options; give them a call on 1300 033 166 to discuss your advice needs. Alternatively you can request a callback using our online form.

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