Transition to Retirement (TTR) Income account

You can receive up to 10% of your balance from a TTR account each year in income payments. You can't make lump sum withdrawals from this type of account, like you can with a Retirement Income account.

There are limits to how much money you can tax-effectively add to your super, so make sure you understand the contribution caps.

Insurance isn't available with retirement account types like your TTR account. If you want to keep your insurance, make sure you keep enough money in your Accumulation account to pay the premiums.

When you turn 65, you will be automatically moved to our Retirement Income account. This means you can keep growing your super while receiving an income from your super.

Find out more about how transition to retirement strategies work, or request a call back from us to talk through your options for transitioning to retirement with a QSuper income stream product.

There are also rules regarding withdrawing your payments, including minimum and maximum limits per year. For more information on how a TTR account works, read our Product Disclosure Statement for Income Account and Lifetime Pension (pdf).

TTR strategies can be complicated and aren't suited to everyone. It's a good idea to get advice from a qualified financial adviser to see if a TTR strategy is right for your personal circumstances. Find out more about financial advice options.