Retirement Bonus
Transfer your existing Rest Super, Rest Corporate or TTR account to a Rest Pension Retirement account, and you could start your retirement with a little extra.
| Rest Pension | Transition to Retirement (TTR) | |
|---|---|---|
| How much super do I need to open an account? | $10,000 | $10,000 |
| Who can join? | You've retired and have reached preservation age (the age you can access your super) | You've have reached preservation age (the age you can access your super) |
| Is there a limit on how much I can transfer into my Rest Pension? | Transfer balance cap for 2020-21 is $1.6 million | 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? | You choice, as long as it is at or above the annual minimums set by the government. No maximum limit | At least the minimum limit set by the government, and a maximun of 10% of your account balance |
How much tax will I pay on investment earnings? |
Nil | Up to 15% per annum |
| How much super do I need to open an account? | |
|---|---|
| Rest Pension | $10,000 |
| Transition to Retirement (TTR) | $10,000 |
| Who can join? | |
| Rest Pension | You've retired and have reached preservation age (the age you can access your super) |
| Transition to Retirement (TTR) | You've have reached preservation age (the age you can access your super) |
| Is there a limit on how much I can transfer into my Rest Pension? | |
| Rest Pension | Transfer balance cap for 2020-21 is $1.6 million |
| Transition to Retirement (TTR) | No |
| How often do I receive payments? | |
| Rest Pension | Fortnightly, monthly, quarterly, half-yearly or yearly |
| Transition to Retirement (TTR) | Fortnightly, monthly, quarterly, half-yearly or yearly |
| How much can I take out each year? | |
| Rest Pension | You choice, as long as it is at or above the annual minimums set by the government. No maximum limit |
| Transition to Retirement (TTR) | At least the minimum limit set by the government, and a maximun of 10% of your account balance |
How much tax will I pay on investment earnings? |
|
| Rest Pension | Nil |
| Transition to Retirement (TTR) | 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.
Retirement 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.