What’s TTR Income
If you're aged 60 to 64 and looking to reduce your hours of work or need access to income to support your transition, then a TTR Income account could help you achieve that.
This retirement income stream product allows you to use some of your super savings to top up your take home pay. Your TTR Income payments are deposited straight into your bank account.
With both your super and TTR Income accounts invested, and receiving employer and any personal contributions, your super savings could continue to grow.
Get a taste of what life could be like after work and have the peace of mind as you transition on your terms.
For detailed information, please download and read the TTR Income Product Disclosure Statement (PDS).
How TTR works
Important facts
- To open a TTR Income account, you need to:
- be aged 60 to 64 and still working.
- transfer at least $25,000 from your super savings to your TTR Income account. To keep your super account open, leave at least $6,000 in it.
- Each financial year, receive payments between 4% and 10% of your total TTR Income account balance.
- When you retire, or stop working for an employer and tell us, we’ll switch your TTR Income account to a Choice Income account. When you turn 65, this will automatically happen. With Choice Income, your investment returns are tax-free and there’s no maximum income payment amount. However, your account balance will then count towards your transfer balance cap – a lifetime limit on the amount of super you can transfer into any tax-free retirement income account(s).
- Both your super and TTR Income account balance remain invested.
- Once opened, you can't add more money to your TTR Income account, but you can still make contributions to your super account.
Transition to Retirement (TTR) can be complex and isn’t suited to everyone. It’s a good idea to get financial advice before deciding if a TTR Income account is right for you.
5 benefits of TTR Income
Reduce your hours of work
Ease into a retirement lifestyle
Ease financial pressures
Tax-free payments
Chance to grow your savings
Case studies
More than income – it’s about living the life you’re working hard for.
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Top up your salary as you wind down your work hours
Bella wants to work 4 days a week without losing any of her income. Get to know Bella:
- she’s currently 60 years of age and has $150,000 in super savings,
- earns $67,335 per year ($55,000 take-home pay), and
- wants to retire at 65 years of age.
Bella transfers $120,000 into her TTR Income account and starts working 4 days a week. By opening a TTR Income account, Bella can:
- Easily wind down her hours and smoothly transition into retirement on her terms.
- Maintain her take-home pay amount by drawing down from her TTR Income account, even by working less hours.
- Continue to grow her super savings while still working and receiving employer super contributions.
Without TTR Income ($) With TTR Income ($) Gross salary $67,335 $53,868 Employer super contributions $8,080 $6,464 Taxable income $67,335 $53,868 Income tax -$12,335 -$8,025 TTR Income drawdown $0 $9,157 Net income $55,000 $55,000 This example is for illustration purposes only, rounded to the nearest $1,000. The actual benefits you receive will depend on a range of factors including future economic conditions, investment performance and legislative change. Investment performance is not guaranteed. Source: AustralianSuper calculations May 2025.
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Accelerate your super savings to meet your retirement goals
Charlie’s managing his current take-home pay and unable to make additional personal contributions to his super savings. Get to know Charlie:
- he’s currently 60 years of age and looking at ways to add to his $175,000 super balance,
- he earns $90,000 per year, and
- wants to retire at 65 years of age.
Charlie transfers $169,000 into his TTR Income account and starts making before-tax personal contributions also known as salary sacrificing to his super account. By opening a TTR Income account, Charlie can:
- Maintain the same income that he would have had without TTR Income.
- Save $3,341 in tax in the first year through salary sacrifice to his super account.
- Accelerate his super savings, increasing his overall super balance by $17,000 over five years.
Without TTR Income ($) With TTR Income ($) Gross salary $90,000 $90,000 Employer super contributions $10,800 $10,800 Salary Sacrifice contributions $0 $19,200 Taxable income $90,000 $70,800 Income tax -$19,588 $13,444 TTR Income drawdown $0 $13,056 Net income $70,412 $70,412 Tax on super contributions -$1,620 -$4,500 Net super increase $9,180 $12,444 ($3,264 extra) This example is for illustration purposes only, rounded to the nearest $1,000. The actual benefits you receive will depend on a range of factors including future economic conditions, investment performance and legislative change. Investment performance is not guaranteed. Source: AustralianSuper calculations May 2025.
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Access income to support your transition to retirement
Ari wants to access some additional income and set up their retirement income stream in the lead up to their retirement.
They want to continue working and ease into their retirement lifestyle and have the flexibility to either take up new hobbies, do some small house renovations or maintain their general living expenses including monthly mortgage payments. Get to know Ari:
- they’re currently 63 years of age with $256,000 in super savings, and looking at ways they can access income to help support their transition to retirement,
- they earn $80,000 per year, and
- want to retire at 65 years of age.
Ari transfers $250,000 into their TTR Income account and decides to receive the maximum 10% payment of $25,000, annually, to top up their wages. When they retire or stop working for an employer and notify AustralianSuper, or turn 65, their TTR Income account will switch to a Choice Income account.
With Choice Income accounts, their investment returns are tax-free and there’s no maximum income payment amount. Given this, Ari plans to adjust their income payment amount and frequency at retirement to meet their needs.
By opening a TTR Income account, Ari can:
- Access income while still working to lean into a retirement lifestyle, including taking up new hobbies, completing small house renovations and maintaining their living expenses like monthly mortgage payments.
- Start to enjoy the freedom they’re working hard for.
- Continue to grow their super savings while still working and receiving employer super contributions.
Transition to Retirement (TTR) can be complex and isn’t suited to everyone. It’s a good idea to get financial advice before deciding if a TTR Income account is right for you. Also, consider how TTR Income may affect your super savings when deciding what payment amount and frequency is best for you.
This example is for illustration purposes only. The actual benefits you receive will depend on a range of factors including future economic conditions, investment performance and legislative change. Investment performance is not guaranteed.
How to open a TTR Income account
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Join online today
We make opening a TTR Income account online easy. Here’s some important details you’ll need:
- your personal information, including your contact details and Tax File Number (TFN).
- how much super savings you’d like to transfer over and from which super account(s) or self-managed super fund (SMSF).
- any beneficiary nomination(s) you wish to make.
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Your investment option(s)
You can take control of your investment option(s) and choose from DIY and PreMixed investment options.
You can use our Risk Profiler Tool to learn more about the type of investor you are.
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Your income payment options
Your TTR Income account has flexible payment options to suit your lifestyle, so you’re in control to choose how often you’d like to be paid straight into your bank account and how much (government minimums and maximum apply).
You can receive your income payment(s) once a year, every two weeks, once a month, once every three months or twice a year.
You can change your payment amount or frequency, by logging into your account online.
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Setting up Smart Default
Your investment and payment options are pre-selected, modelled and managed by our investment experts.
This means you’re:
- invested in 12% Cash and 88% Balanced investment option
- initially receiving at least 6% of your balance each year; and as you get older this minimum amount will change (see table below) and
- paid every two weeks.
Your payment amounts will be updated each year in July, and you’ll get a letter from us confirming this.
Smart default option – Percentage of your balance you’ll receive each year Your age on 1 July DRAWDOWN RATES Under 80 6% 80 to 84 7% 85 to 89 9% 90 to 94 11% 95 and over 14% You can change this any time by logging in to your account online.
Access to support and guidance
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Important information
- There’s no charge for general advice about your super account. The financial advice you receive will be provided by MUFG Retire360 Pty Limited ABN 36 105 811 836, AFSL 258145 and will be their responsibility. Personal advice provided may attract a fee, which will be outlined before any work is completed and is subject to your agreement.
- Personal financial product advice is provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd. Some personal advice may attract a fee, which would be outlined before any work is completed and is subject to your agreement. With your approval, the fee for advice relating to your AustralianSuper account may be deducted from your AustralianSuper account subject to eligibility criteria.