SuperGuide

Superannuation and retirement planning information

What happens to my TTR when I turn 65?

What happens to my TTR when I turn 65?

Transition-to-retirement (TTR or TRIS) pensions allow super fund members to access their retirement savings as soon as they reach their preservation age, regardless of their work status.

Read more about how transition-to-retirement pensions work.

These pensions have become even more popular since the preservation age and the age at which pension payments become tax free have aligned at age 60 (although fund earnings on the assets supporting a TRIS are still taxed).

Read more about how preservation age and transition-to-retirement pensions align.

If you have started a TRIS or are contemplating doing so, there are some important issues you need to be aware of, as well as actions you may need to take as you approach age 65.

When a TRIS recipient turns 65

About the author

Garth McNally

Garth has worked in the Australian Superannuation industry for over 20 years with a specific focus on self-managed super funds. He provides ongoing support and training to individuals as well as to professionals working in the superannuation area, including advisers, accountants and lawyers. He is a regular contributor to industry publications and to the leading professional bodies including Chartered Accountants Australia & New Zealand (CA ANZ).

Learn more about preparing for retirement in the following guides:
Learn more about transition-to-retirement pensions in the following guides:

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Retirement planning Retirement planning strategies



IMPORTANT: All information on SuperGuide is general in nature only and does not take into account your personal objectives, financial situation or needs. You should consider whether any information on SuperGuide is appropriate to you before acting on it. If SuperGuide refers to a financial product you should obtain the relevant product disclosure statement (PDS) or seek personal financial advice before making any investment decisions. Comments provided by readers that may include information relating to tax, superannuation or other rules cannot be relied upon as advice. SuperGuide does not verify the information provided within comments from readers. Learn more