What is transition to retirement pension, and how can I benefit?
Once you've reached preservation age (currently 56 if born between 1 July 1960 and 30 June 1961), you can access your super as a ‘transition to retirement’ (TTR) pension. The benefits of a TTR pension are:
- You can ease into retirement by reducing your working hours without reducing your net income.
- You can boost your retirement savings without impacting your net income if you are still working full time.