HOW DO TRANSITION TO RETIREMENT (TTR) INCOME STREAMS WORK?
They allow you to withdraw up to 10% of your superannuation savings in the form of a pension without needing to stop work.
Even if you’re nearing retirement age you mightn’t be looking to leave the workforce just yet. Maybe you want to save more money, or perhaps you enjoy the mental stimulation and interaction.
Whatever the reason, having access to a transition to retirement (TTR) income stream could provide greater financial flexibility, as you can periodically withdraw money from your super while continuing to work full-time, part-time or casually.
Review some of the commonly asked questions including how the tax treatment and TTR income streams change from 1 July 2017. Download the complete Transition to retirement income streams financial snapshot here:
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For further assistance around whether a transition to retirement income stream may be right for you, contact us.