As the cost of living continues to rise and with increasing life expectancies, it is particularly important to ensure you plan adequately for your retirement. One such strategy you may wish to consider is known as a Transition to Retirement (TTR) strategy.


Previously, you could only access your super once you turned 65 or reached your Preservation Age and retired. However, now under TTR rules, once you reach your Preservation Age, you have added flexibility in regards to your Retirement Planning.

A TTR strategy applies to people who are currently working (employee or self employed) and meet certain eligibility.

A TTR strategy can help you to:

  • Change the composition of your income so you pay less overall tax;
  • Reduce the amount of tax paid on investment earnings inside your Super; or
  • Reduce your working hours, while maintaining the same income.


Who can use a Transition To Retirement strategy?

If you are 55 and over and still employed you may be eligible. Speak to a Financial Adviser to see if you meet the eligibility criteria.


Pay less tax and boost your super:

A TTR strategy may save you tax, but can also assist in accelerating the growth of your overall Super balance, while not necessarily leaving you with less income.


Gradually ease into retirement

Using a TTR strategy, you can also ease into your Retirement by reducing your work hours.

Essentially, you draw on your Super to provide an income while continuing to work (full time, part time, etc.) and make extra Contributions to your Super.


Seek Advice

It’s important to explore options that are consistent with your Retirement goals. Whether you are interested in boosting your Super or supplementing your income in a tax-effective manner, it’s advantageous to seek financial advice.

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