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How does a Transition to Retirement (TTR) strategy work?
A TTR strategy can allow you to cut back on work hours by supplementing your income from your super. When you reach your ‘preservation age’, you can open a pension account which will pay you a limited income stream.
Your regular super account will still continue to grow from your employer’s contributions, any salary sacrificing you do and any personal contributions you make, but you’ll also have your pension account to top up your income.
If you want to learn more, take a look at our Transition to Retirement page.