Pension Strategies

Turn your super into a regular, tax-effective income

You may think your super is just for when you retire, but that isn't entirely true.

If you have reached your preservation age and are still working, you can boost your super or reduce your working hours without affecting your take home pay.

That's all thanks to Transition to Retirement

Transition to Retirement (TTR) means you can access your super through an income stream product while you're still working.

How does TTR work?

1. Reducing your work hours

If you have reached your preservation age and are still working you can open a TTR pension account with your existing super balance. By opening a TTR account, you can work part-time and supplement your reduced income with regular pension payments. This means you can work less, without affecting your take home pay.

2. Salary sacrificing

You can make additional contributions to your super account via a salary sacrifice arrangement and supplement your reduced income with pension payments. This can give your retirement savings a real boost without affecting your take home pay. To find out how TTR can help you, contact the VISSF team today.