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Setting up a transition to retirement pension

by Wealth Know How in Retirement

Before you set up a transition to retirement pension, you need to consider if this type of income stream is right for you and how it fits with your work and super plans.
You’ll need to check your fund type: TTR pensions are only available for members of accumulation super funds. If you’re in a defined benefit fund, you cannot access a TTR pension. If you run a self-managed super fund (SMSF) you can set up a TTR pension, but your pension account must be separate from the super account that accepts contributions.

Wealth Know How is the online network helping people manage their wealth through financial education. Whether you are looking for simple ways to better manage your cash, or you are after a complete strategy on how to save for retirement, we can help you understand your options. It is important to have a vision for your future, but its knowledge not dreams that will ultimately deliver financial success.

Published on 08 Mar 15

  • Before you set up a transition to retirement pension, you need to consider if this type of income stream is right for you and how it fits with your work and super plans.
    You’ll need to check your fund type: TTR pensions are only available for members of accumulation super funds. If you’re in a defined benefit fund, you cannot access a TTR pension. If you run a self-managed super fund (SMSF) you can set up a TTR pension, but your pension account must be separate from the super account that accepts contributions.

    Wealth Know How is the online network helping people manage their wealth through financial education. Whether you are looking for simple ways to better manage your cash, or you are after a complete strategy on how to save for retirement, we can help you understand your options. It is important to have a vision for your future, but its knowledge not dreams that will ultimately deliver financial success.

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