Looking for a flexible way to transition into retirement?

A Transition to Retirement (TTR) strategy might be just what you need. With a TTR strategy, you can gradually reduce your work hours
while supplementing your income with your super savings.

Here’s how a TTR strategy works

Your super account continues to receive employer contributions plus any investment earnings while you’re still working. You open a TelstraSuper RetireAccess TTR account using some of your funds from your super account to pay you a regular income. TTR payments are tax free from age 60.


What are the benefits of a TTR strategy?

Top up your income so you can enjoy a better work-life balance.


Gradual transition to retirement

Reduce your work hours without reducing your take-home pay.


Continue to grow your super

Employer contributions will still go into your existing super account, keeping you invested and building your wealth.


Flexible income

Choose how much you’ll receive and how often. 

Investment Choice

Investment choice

Broad range of investment options for the conservative through to aggressive investor.

Transparent Fees

Tax advantages

Investment earnings taxed up 15%, no tax payable on income payments after 60, 15% tax offset up to 59*.

Competitive Fees

Competitive fees

Low administration and investment fees.

*15% tax offset on the taxable component of your income stream payments if you are between preservation age and age 59.

TTR rules and considerations

Here are some key things to keep in mind when considering a Transition to Retirement strategy.



You can start a TTR when you have reached your preservation age and are still working.


Minimum transfer amount

The minimum amount you must transfer into a TTR income account is $10,000.

Lower Tax

Payment source

TTR income payments can only be received from the TTR income account.


Annual payment limit

You can withdraw up to 10% of your TTR account balance annually.

How to open a TTR account

Step 1

Read the TelstraSuper RetireAccess Product Disclosure Statement.

Download PDS

Step 2

Complete the Income Stream application form in SuperOnline. Or new members can download the form from our website.

Download form

Step 3

We can help you with the forms.
Simply call us on 1300 033 166.

Speak to an adviser

Transition to retirement (TTR) FAQs

  • What is a transition to retirement (TTR) strategy?
    Transition to retirement is a financial strategy for drawing part of your super before your retirement age. If you are looking to wind back working hours or boost your super in the lead-up to retirement, applying for a TTR pension may be the answer.
  • What is the difference between TTR and account-based pension?
    The difference between a TTR pension and an account-based pension is that the former provides an income stream while you are working; the latter does so once you have retired.
  • How much can I receive from a TTR account?
    You can choose how much you want to receive (up to 10% of your TTR account balance annually) and how often you receive your stream of income payments i.e., twice-monthly, monthly, quarterly, or annually.
  • What happens to TTR when you turn 60?
    When you reach age 60, payments from your TTR income account become tax free. You have the potential to salary sacrifice if you are still working to pay less income tax, while topping up your pay with a tax free TTR income stream.
  • And what happens to TTR when you turn 65?
    When you turn 65, we’ll automatically change your TTR income stream to a Retirement income stream as you’ll have satisfied a condition of release. Turning 65 is generally an opportune time to make sure that your pension settings still suit you, using the tax-free retirement income stream.
  • What are the investment options with a TTR?

    You must make an investment choice when you open a RetireAccess TTR account regardless of whether you’re an existing or new TelstraSuper member. We offer a range of investment options to suit your investment goals, please refer to the Retire Access Product Disclosure Statement (PDS).

    Lifestyle Investments

    Diversified or single asset Investments

    To help you invest in the assets that best suit you, we offer a range of lifestyle investment options that invest in both growth and defensive assets in varying percentages with different levels of risk and expected return.

    You can individually tailor your investments by choosing a mix of assets classes or single asset classes.

    However, if you satisfy a different condition of release before turning 65 (see PDS) you can also change to a Retirement income stream by notifying us. Simply complete the Condition of Release Notification form available here.

    Once you have met a condition of release and changed to a Retirement income stream, any income you earn from your investments will be tax-free and there will be no limit on your annual payments. Your existing investment option allocation will remain the same or, where applicable, will be transferred to the Lifestyle investment option equivalents, and into a tax-free environment.

    Visit our RetireAccess page for more information.

  • How much can I withdraw from a TTR account?
    The maximum amount that can be withdrawn with a TTR income stream is 10% per year. This applies from age 60 until you satisfy a condition of release, for example turning 65.
  • What age can I start a TTR?
    The age may vary depending on your birth year, so it is essential to check your preservation age. In general, the age range is between 55 and 60.
  • Is a TTR tax free?
    Transition to retirement payments are tax-free if you are over 60 years old. Between the ages of 55 and 59, the tax rate has a 15% offset, so it is lower than your normal income tax rate.
  • Can I still work full-time and benefit from a TTR?
    Yes, you can work full-time and at the same time draw an income from your TTR income stream.
  • Are there any disadvantages of TTR?
    TTR pays funds from your retirement savings so it can reduce the amount you have available when you finally retire. However, you can set up your TTR to lift your retirement savings, especially after you turn 60. Contact us on the number below if you’d like advice about how to do this.

Need further help?

We're here to help you build a secure financial future. TelstraSuper Financial Planning has a team of phone-based Advisers who can provide you with simple advice to help you
work out the best ways to maximise your super in retirement.
If you'd like to discuss your retirement plans or if you have another financial advice queries, please call us on 1300 033 166 or fill in our online contact form.

We recommend you read the Product Disclosure Statement (PDS) and Target Market Determination before completing the TelstraSuper RetireAccess application form and contact us if you have questions.