REI Super’s
Transition to Retirement (TTR) Pension can help you transition from work to
retirement.
Transition to retirement gives you access to regular income
payments from your super account between your preservation age and age 59,
allowing you to combine a salary from working and payments from your super
account.
How does Transition
to Retirement work?
Transition to
retirement is for members who have reached their preservation age and who are still working
either full-time or part-time.
Once you reach your
preservation age, transition to retirement allows you to roll some or all of
your super into an REI Super Transition to Retirement Pension account. You can
then draw on your REI Super Transition to Retirement Pension account to supplement
your income.
This allows you to:
• Reduce
your working hours and use regular super pension payments to supplement your
income.
• Continue
to work full-time and boost your super through salary sacrifice. Depending on
your income it can often reduce your income tax.