Transition to Retirement

Your superannuation is money that is set aside for your retirement. In many cases though, if you’ve reached your preservation age and you’re still working you may be able to access your super to start your transition to retirement.

You can use the TTR strategy to either:
>> Grown your superannuation before you retire; or
>> Reduce your working hours and maintain your income

The grow your super through tax savings strategy lets you contribute extra super from your before tax salary while receiving an income from a retirement account.

Savings occur if the tax you pay on your salary sacrifice contributions is less than the tax you pay on your salary. And it’s these tax savings that are turned into extra super. It’s a particularly tax-smart strategy once you turn 60 when the payments you receive from a retirement income account become tax-free.