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Transition to Retirement pension

What is a Transition to Retirement (TTR) pension?

A Transition to Retirement (TTR) pension gives you a regular, tax-effective income while you’re still working provided you have reached your preservation age and are under 65.

How does it work?

There are three main ways the TTR works. You can either:

  1. Reduce the hours you work and top up your income from your TTR pension, or
  2. Keep working the same hours, sacrifice some of your salary into your super to receive a tax benefit and top up your income with your TTR pension, or
  3. Use your TTR to reduce debt pre-retirement.

For more information, see the Transition to Retirement Factsheet.

How can I get a TTR pension?

If you’ve reached your preservation age and you’re aged under 65, you can access your super as a Transition to Retirement (TTR) pension. Money is invested in your choice of investment options with a pension paid to you for as long as there is enough money in your account. You can apply for a Club Plus Pension after reading the Pension PDS and then using the form at the back. You may want to consider consulting a qualified financial adviser.

Can I also receive the Age Pension?

You may also be able to receive a partial Age Pension while you are receiving your Club Plus Pension. Read about the Centrelink treatment of pensions in the Pension PDS below. You may want to consult a qualified financial adviser to ensure you maximise your retirement benefits.

Is a TTR pension right for you?

Find out if a TTR pension could help you save tax and put more money into your super before you retire. Make an obligation-free appointment with a Club Plus Financial Planning adviser here.

General advice and intra fund advice is a benefit of membership of Club Plus Super – it comes at no additional cost to members.*

Still unsure?

For out more about our Transition to Retirement Pension:

*Financial planning advice is provided by Club Plus Financial Planning Pty Ltd (Club Plus Financial Planning), ABN 14 143 636 766 acts as a Corporate Authorised Representative #367058 of Link Advice Pty Ltd, ABN 36 105 811 836 (“Licensee”). The Licensee holds a current Australian Financial Services Licence #258145 and is responsible for the financial services provided to you. Club Plus Financial Planning is an associated company of Club Plus Superannuation Pty Ltd. Where the service extends beyond superannuation and retirement planning advice, you will be invoiced directly.