Retirement options with Rest
Transition to retirement
If you're aged 59 or over, and are still working, a Rest Pension transition to retirement account can help you reduce your work hours without affecting your take home pay, or give your super a boost in the last years before you retire.
Ready to retire now?
Goodbye work and hello freedom. If you've stopped working, enjoy competitive fees, tax-effective investing and flexible paydays with an investment portfolio created by you.
| Rest Pension | Retirement account | Transition to Retirement account (TTR) |
|---|---|---|
| How much super do I need to open an account? | A minimum of $10,000 | A minimum of $10,000 |
| Who can join? | You’ve reached age 60 and left an employer since turning 60. Or you are at least 65 years old. | You've reached age 60 |
| Is there a limit on how much I can transfer into my Rest Pension? | The general transfer balance cap is $1.9 million for the 2024-25 financial year. The transfer balance cap amount is subject to indexation* See Facts and Figures for more information. |
No |
| How often do I receive payments? | Fortnightly, monthly, quarterly, half-yearly or yearly | Fortnightly, monthly, quarterly, half-yearly or yearly |
| How much can I take out each year? | Your choice as long as it is at or above the annual minimums set by the government. No maximum limit. See Facts and Figures for more information. |
At least the minimum limit set by the government, and a maximum of 10% of your account balance. See Facts and Figures for more information. |
How much tax will I pay on investment earnings? |
Nil | Up to 15% per annum |
Retirement planning
When you retire, you may rely on more than one source of income including super, personal investments and the government Age Pension.
Superannuation Calculator
See how much super you could have to spend in retirement and explore different ways to help boost your super balance.
Retirement budget calculator
Review what you spend now, as well as the lifestyle changes retirement brings.