Set up your TTR Income account in a way that suits you
We have investment options to suit everyone’s retirement goals. You can leave your investment choice to us by choosing our Smart Default option, or, if you’re a savvy investor, choose your own.
Your TTR Income account is flexible, so you can change your payment amounts (between the minimum and maximum percentage of your account balance each year) and investment options at any time.
When you join you can use the Smart Default option, or choose your own investment and payment options.
Choosing the Smart Default option
With Smart Default your payments and investment options are pre-selected, modelled and managed by 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),
- paid every two weeks, and
- can change your payment and investment options at any time.
|Smart default option – Percentage of your balance you’ll receive each year|
|Your age on 1 July||Temporary drawdown amounts
(for 2019-2020 and 2020-2021 only)*
|Default drawdown amounts
for 2021-22 financial years onwards†
|80 to 84||6%||7%|
|85 to 89||6%||9%|
|90 to 94||6%||11%|
|95 and over||7%||14%|
*The temporary Smart Default drawdown amounts are for the financial years 2019-20 and 2020-21. They have been reduced in response to the temporary reduction in minimum super drawdown amounts for account based pensions, which were introduced by the Government as part of their economic response to COVID-19 (coronavirus).
†The default minimum drawdown amounts for Smart Default will apply from 1 July 2021, for the financial years 2021-22 onwards.
Choosing your own options
If you choose your own options, then you can