See how a TTR account can work for you

Want more out of life? You could boost your super or reduce your work hours without affecting your take home pay.

1. Use it to boost your super

If you’re preservation age (see below) or over and still working, a Rest Pension TTR (Transition to Retirement) account could be one way to boost your super or reduce your working hours while maintaining similar take home pay. With a TTR account you could:
  • Pay less tax on your super contributions - employer contributions and salary sacrifice contributions are generally taxed at a rate of 15%, which may be lower than the tax rate applied to your personal income.
  • Pay less tax on your income - If you’re 60 or over, your pension payments will be tax free.

2. Use a TTR account to reduce work hours and maintain income

A TTR account can be used to supplement your salary income if you reduce your work hours. This can even be set up so that you have the same take home pay as you did before you reduced your work hours.

Need Advice?

  Rest Advice is here to help you make the most of your retirement.
Find out if a TTR account is right for you.

Call us on 1300 183 361

Find out more 

View the case studies below to see how a TTR strategy can be used to:

CASE STUDY 1:   Jerry increases his super savings with a TTR

Jerry (age 60) has $175,000 in super and is looking to boost his super before retirement at age 65.
CASE STUDY 2:  Elaine cuts work hours and maintains her income with a TTR

Elaine (age 60) works full time, and is looking to cut down her work hours to four days a week. She would like to consider starting a Rest Pension TTR account  to maintain her existing salary.  Her current super balance is $150,000.

Super and Retirement Calculator

See how a Transition to Retirement strategy can help you make the most of your super in the lead up to retirement.

Who does a Transition to Retirement strategy suit?

A Rest Pension TTR account may be suitable if you have reached your preservation age and you:

  • Are still in the workforce
  • Have existing super benefits
  • Want to boost your super
  • Are transitioning to retirement.

Your preservation age is the age in which you may access your super, and depends on the year you were born.

Date of birth Preservation age
Before 1 July 1960 55
1 July 1960 - 30 June 1961 56
1 July 1961 - 30 June 1962 57
1 July 1962 - 30 June 1963 58
1 July 1963 - 30 June 1964 59
From 1 July 1964 60

For more information about TTR accounts, please see our Super facts & figures


What are the key things to know?

Taking out super

You can only withdraw your super from a TTR account as income payments.

Payment Limits

You can receive between a minimum of 2% and a maximum of 10% pa of your TTR account balance (for the 2019–20 and 2020–21 income years.

Keep your account open

Still working and want to remain insured? Keep your super account open so you maintain your insurance cover.

Contribution Caps

If you have a TTR account and decide to make salary sacrifice contributions to your super account, be mindful of contribution caps.