Our retirement accounts:
What is transition to retirement?
Transitioning into retirement means working less as you prepare to retire.
What is a transition to retirement (TTR) account?
A transition to retirement account lets you start using part of your super to top up your income while you work a bit less.
To be eligible for a TTR account, you’ll need to:
be between age 60 to 64
have at least $30,000 to start your account.
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. You can still choose how your money is invested.
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.2
How do transition to retirement accounts work?
Open a Transition to Retirement (TTR) account
Transfer at least $30,000 from your super account to open your TTR account.
Consider keeping your super account open
If you want to continue receiving contributions into your super – or if you have insurance that you want to keep active – consider leaving your Accumulation account open. If you do, you’ll need to leave a minimum of $6,000 in it.
Draw money from your TTR account
Access up to 10% of your TTR account balance each financial year while you're still working.
Case study
Follow our example of Charli’s experience with a Transition to Retirement Income account.
A bonus to kickstart your retirement
When you’re ready to retire, you could be eligible for a Retirement Bonus of up to $10,000 when you open a Retirement Income account or purchase a Lifetime Pension.
How to open a Transition to Retirement account
When you join ART, we automatically open an Accumulation account for you. That’s because you need an Accumulation account before you can open a TTR account.
Once you're a member: Log in to Member Online to see if you’re eligible to open a TTR account.
From there, set up a TTR account and manage your payments – including the frequency and amount (subject to government minimums and maximums).
Need help? Contact us
Pros and cons of a transition to retirement income stream
Learn about transition to retirement disadvantages and advantages.
Want to make changes to your TTR account?
Change payment amount and frequency
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) in Member Online.
Changing jobs or retiring
If you change jobs or retire after turning 60, contact us.
We'll help you to either:
- combine all your super into one retirement income stream, or
- change your TTR account to a Retirement Income account.
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 are the transition to retirement rules you need to know.
Have more questions?
It's worth getting financial advice about your account before making any changes. 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
