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? | Transfer balance cap for 2021-22 is $1.7 million (if you start your first retirement account on or after 1 July 2021) | 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 | At least the minimum limit set by the government, and a maximum 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 Retirement account | $10,000 |
| Transition to Retirement account (TTR) | $10,000 |
| Who can join? | |
| Rest Pension 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) |
| Is there a limit on how much I can transfer into my Rest Pension? | |
| Rest Pension Retirement account | Transfer balance cap for 2021-22 is $1.7 million (if you start your first retirement account on or after 1 July 2021) |
| Transition to Retirement account (TTR) | No |
| How often do I receive payments? | |
| Rest Pension Retirement account | Fortnightly, monthly, quarterly, half-yearly or yearly |
| Transition to Retirement account (TTR) | Fortnightly, monthly, quarterly, half-yearly or yearly |
| How much can I take out each year? | |
| Rest Pension Retirement account | Your choice, as long as it is at or above the annual minimums set by the government. No maximum limit |
| Transition to Retirement account (TTR) | At least the minimum limit set by the government, and a maximum of 10% of your account balance |
How much tax will I pay on investment earnings? |
|
| Rest Pension Retirement account | Nil |
| Transition to Retirement account (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.
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.