What is transition to retirement?
A transition to retirement account lets you start using your super to top up your income while you work a bit less. You can start doing this if:
Transition to retirement benefits
Work less, earn the same
Top up your take-home pay while you cut back your working hours.
Keep your super growing
Take some super out while still growing your balance with employer contributions.
Tax-free income payments
From age 60, you can get payments from a TTR account tax free.
Plan ahead with our award-winning accounts
Our Income accounts have won multiple awards for outstanding value over many years. But our members are the real winners.
How does transition to retirement work?
Open a Transition to Retirement (TTR) account
Transfer at least $30,000 from your super account to open your TTR account.
Keep your super account open
Leave at least $6,000 in there. You'll need this account for both employer and voluntary contributions.
Draw money from your TTR account
Turn some of your super into regular payments that go straight into your bank account.
Pros and cons of a transition to retirement income stream
Learn about transition to retirement disadvantages and advantages.
What if I need to make changes?
Your TTR account is flexible. You can change how often and how much you're paid any time you need to (within the Australian Government's limits). Download the PDS for more details.
How to start a Transition to Retirement Income account
Log in to Member Online.
In the menu, select Your Account, then Set up an Income account.
Follow the steps and complete the checklist to start your account.
Transition to retirement eligibility
You can open our TTR account if:
- you're between age 60 to 64
- you're still working
- you have at least $30,000 to start your account.
What happens when I want to fully retire?
When you're ready to move into full retirement mode, contact us. We'll help you to either:
- combine all your super into one retirement income stream
- change your TTR account to a Retirement Income account.
If you don't tell us, your account will automatically switch over to a Retirement Income account when you reach 65.
How does this fit into my retirement journey?
Transition to Retirement Income (TTR) account
You are here
Start using your super so you can work less and get extra cash.
- Get payments while still working
- Keep growing your super
- Flexible payment options
Retirement Income account
Turn your super into a regular income when you retire.
- Works with other pensions
- Choose your investment options
- Flexible payment options
Lifetime Pension
Add security with an income for life and money-back protection.
- Never runs out
- Possible Age Pension benefits
- Payments adjusted yearly
Transition to retirement rules
A Transition to Retirement Income stream can be a great way to ease into retirement. But check that it's right for you. Here's the transition to retirement rules you need to know.
Have more questions?
It's worth getting financial advice about your account. If you're an ART member, you can get financial advice about your account with us over the phone. It's included as part of your membership.1
