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Category » Transition to Retirement

There were 4 articles found in this category:

• Q1 What is Transition to Retirement (TTR)?

  In summary, superannuation fund members who have reached the Preservation Age (currently 55 years and over) have the opportunity to continue participating in the work force and adding to their super, while drawing some of it as a non-commutable super income stream. Non-commutable means they cann ... Read more

• Q2 Is there a maximum annual income limit for a Transition to Retirement (TTR)?

  Yes, a maximum annual income limit does apply to super income stream accounts operating under TTR provisions. The maximum is 10% of your annual account balance, until you attain age 65. Read more

• Q3 Can I use the Transition-to-Retirement rule?

  If you are at least 55 you may be able to utilise a ‘Transition to Retirement’ pension. Transition-to-Retirement pensions will allow no more than 10 per cent of the account balance (at the start of each year) to be withdrawn in any one year. Read more

• Q4 What are the tax benefits of a TTR?

  A TTR strategy allows individuals who have reached preservation age (currently age 55) to access some of their superannuation benefits. As well as providing an opportunity to move to part time work and/or the opportunity to save extra funds to your superannuation, a TTR strategy can provide the ... Read more