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 | Retirement account | Transition to Retirement account (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? | A general transfer balance cap of $1.7 million applies up to 30 June 2023. From 1 July 2023, the general transfer balance cap will be $1.9 million. 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 |
Rest Pension | How much super do I need to open an account? |
Retirement account | $10,000 |
Transition to Retirement account (TTR) | $10,000 |
Rest Pension | Who can join? |
Retirement account | You've retired and have reached preservation age (the age you can access your super) |
Transition to Retirement account (TTR) | You've have reached preservation age (the age you can access your super) |
Rest Pension | Is there a limit on how much I can transfer into my Rest Pension? |
Retirement account | A general transfer balance cap of $1.7 million applies up to 30 June 2023. From 1 July 2023, the general transfer balance cap will be $1.9 million. The transfer balance cap amount is subject to indexation* See Facts and Figures for more information. |
Transition to Retirement account (TTR) | No |
Rest Pension | How often do I receive payments? |
Retirement account | Fortnightly, monthly, quarterly, half-yearly or yearly |
Transition to Retirement account (TTR) | Fortnightly, monthly, quarterly, half-yearly or yearly |
Rest Pension | How much can I take out each year? |
Retirement account | 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. |
Transition to Retirement account (TTR) | 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. |
Rest Pension | How much tax will I pay on investment earnings? |
Retirement account | Nil |
Transition to Retirement account (TTR) | Up to 15% per annum |