Transition to retirement pension
Start using your super with a transition to retirement pension
A transition to retirement (TTR) pension gives you choices when it comes to gaining access to your super. It lets you open a CareSuper Pension account so you can start drawing on some of your super, while you’re still working and boosting your super savings ahead of retirement.
Let’s see what a transition to retirement pension is all about.
What is a CareSuper transition to retirement pension?
If you’ve reached your preservation age and are still working part-time (at least 10 hours per week) or full-time, you can access your super and start a TTR account.
What are the benefits?
- Supplemented income – top up your take-home pay with super, as you slowly wind-down your workdays or hours
- Tax savings – there’s no tax on your income payments once you reach age 60 and you can lower the income tax you pay by continuing to top up your super
- Investment earnings – your super will continue to earn you interest (taxed at up to 15%), helping to boost your account balance.
Who can open a CareSuper TTR pension?
- Reached their preservation age
- Under age 65, and
- Still working.
Let's plan together
If you're planning for a life after work, seeking financial advice through your super is a great option. We offer 3 different types of advice, based on your individual circumstances. Book a call-back.