Transition to Retirement (TTR) Account

Media Super has merged with Cbus. Therefore, when you open a Transition to Retirement (TTR) account, you’ll be welcomed into the Cbus Super fold.

Transition to retirement

What is a Transition to Retirement (TTR) account?

A TTR account enables you to access your super while you're still working.

With a TTR account you can access your super through a super income stream. To be eligible, you need to be between preservation age and 65 years. While you’re working, any super contributions will continue to be paid into your accumulation super account.

Understanding the benefits

There are two key ways to use a TTR account. The benefits of each strategy (including any tax savings) will always depend on your personal circumstances.

You can use a TTR account to:

  • Work Less

    Work part-time and use an income stream to supplement your income. Learn more in the Transition to Retirement fact sheet (PDF).

  • Save More

    Work full-time and use a TTR income stream to provide some or all of your income. You could then salary sacrifice more of your wages into your accumulation super account, providing potential tax savings.

  • Getting Started

    You can open a TTR account today by transferring some of your super to an account-based pension. Keep in mind that you must have at least $10,000 of super money to invest, and will need to keep your super account to continue to receive your employer's contributions or make your own.

    Taking the time to calculate your salary sacrifice amounts and pension payments can provide super benefits without significantly reducing your take-home pay. The benefits you can achieve will depend on your salary, the income you need to meet your lifestyle needs, the amount in your super account, and your age.

    It's always a good idea to seek professional advice to understand if a TTR account is for you.

We can help you work out if a TTR account is right for you

Call and speak with an adviser today. It’s at no additional cost and our advisers can help you understand your options, what you need to consider before making any changes and provide a personal recommendation on topics like which investment option to choose, super contributions or opening a Super Income Stream.