Transition to Retirement (TTR) Income fee error

We’ve identified an error with the fees applied to Transition to retirement (TTR) Income accounts.

From 1 April 2020, the crediting rate applied to TTR Income accounts included an additional administration fee, up to 0.04% of the account balance, which was incorrect – this fee only applies to superannuation (accumulation) accounts. As a result, you’ve paid more fees than you should.

The following information provides additional detail about this error and what it means for members with a TTR Income account.

  

Information about the TTR fee refund

Information for closed TTR Income accounts

Information for Choice Income accounts

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