What is transition to retirement?
A transition to retirement (TTR) pension lets you access up to 10% of your super each financial year while you're still working.
It's a type of account-based pension or retirement income stream specifically for people under 65 years old.
Whether it's for the sake of your health, carer responsibilities, or other reasons, starting your retirement early doesn't have to be all-or-nothing. Check out our Transition to Retirement Income account.
Talk to an adviserPros and cons of a TTR account
Benefits of TTR
Top up your income while you reduce your working hours.
Keep growing your super balance, because you’re still working.
Save tax on your investment earnings and income payments, compared to non-super investments.
Ease into retirement more gradually.
Disadvantages of TTR
Withdrawing some super now can mean you have less when you retire.
If you receive Centrelink payments, these may be affected by a TTR pension.
If you're reducing your working hours, this is a conversation to have with your employer.
Award-winning income solutions

Outstanding account-based pension
We've proudly held Canstar's highest 5-star rating for outstanding value account-based pensions since 2015.



Highest-rated pension account
Our income accounts received the highest possible ratings from SuperRatings, Chant West, and Heron.
How a transition to retirement pension works
Open a TTR account
As long as you've reached the age you can access your super, are under 65, and still working, you can transfer some or all of your super to a Transition to Retirement Income account. You'll need to transfer a minimum of $30,000 to open your account.
Open your TTR Income account online now:
Log in to Member OnlineKeep your Accumulation account open
You can keep receiving employer contributions and making voluntary contributions to your Accumulation account if you leave a minimum of $6,000 in your Accumulation account. Then you'll turn some of your super into income using your TTR Income account.
Draw an income from your super
With a Transition to Retirement Income account, you can receive regular payments from your super paid straight into your bank account.
Need to make changes?
Your TTR Income account is flexible – so you can change up the payment frequency and amount when you need to.
Got more questions?
You can speak with a financial adviser about what's right for your super – the cost is included with your membership.
Request a callbackOr call us on 13 11 84
Transition to retirement rules
If you're at your preservation age, you can use our Transition to Retirement Income account to access some of your super while you're still working.
This way, you could save more before you retire, or you could wind back on work, while topping up your take-home pay.
Here's the transition to retirement rules you need to know.
What happens when I do eventually want to retire?
When you retire for good, simply let us know to change your Transition to Retirement Income account to a Retirement Income account. Otherwise, your account will automatically switch over when you reach 65 or when you tell us you've retired.
Our Retirement Income account is an award-winning account-based pension that has even more benefits.
If you withdraw all of your super when you retire instead, you'll miss out on potentially getting our retirement bonus.
Explore your retirement options today, or get financial advice about planning your retirement with us – the cost is included in your membership.
Great, how do I get started?

Financial advice about TTR
Transition to retirement can be complicated, so it's worth getting professional advice about your account. The cost is included with your membership.

Start your transition to retirement
If you're sure it's right for you, log in to Member Online to open your TTR account today. Not yet a member? Join online.