Setting up your TTR Income account

What’s involved in setting up your account

While you’re working towards your retirement and want to get a taste of life after work, our TTR Income account allows you to use some of your super savings to top-up your take home pay while your account balance stays invested. If you’re ready to get started, here’s some important things to consider before opening your account.

For complete details, please download and read the TTR Income Product Disclosure Statement and Target Market Determination.

Before opening a TTR Income account

Before opening a TTR Income account, you may consider consolidating any existing super accounts¹. Opening your account with money from a single super account might be easier.

Using money from your super account and made after-tax contributions? If you’d like to claim a tax deduction, you’ll need to submit a claim first and receive confirmation before using that money to open your TTR Income account.

After transferring any super to your TTR Income account, you can’t claim tax deductions on those contributions even from an AustralianSuper account.

When you retire, stop working for an employer or turn 65

If you permanently retire or stop working for an employer, and tell us, we’ll move your TTR Income account into Choice Income. When you turn 65, you don’t need to do anything as this will happen automatically.

Benefits of our account-based pension Choice Income:

• tax-free investment returns
• withdraw $1,000 or more whenever you need
• increase your income (no maximum amount, but minimum amount still applies)
• access to our Member Direct investment option
• you may be eligible to receive an additional credit (Balance Booster) – adding to your account balance.

Transfer balance cap

The government’s transfer balance cap is a lifetime limit on the amount of super you can have in all retirement income accounts, depending on when you open your first income account. The limit doesn’t apply to your TTR Income account, but it will apply to an account-based pension like Choice Income.

Using your super savings to open your TTR Income account

To open a TTR Income account you need to transfer at least $10,000 from your super savings to your TTR Income account. To keep your AustralianSuper account open, leave at least $6,000 in it. If you want to keep any insurance cover you may have, you'll need to maintain your super account with enough money in it to pay for the cost of insurance.

With both your super and TTR Income accounts invested, and receiving employer and any personal contributions, your super savings could continue to grow.

Important tip: Member Direct isn't available for TTR Income accounts, so you'll need to keep your super account open to maintain your holdings or sell them down before opening your TTR Income account.

Your payment amount and frequency

Take control and choose your payment amount and frequency to suit your lifestyle needs. Each financial year, you’ll need to receive income payments between 4% and 10% of your total TTR income account balance.

You can receive your income payment(s):

• every two weeks
• once a month
• once every three months
• twice a year, or
• once a year.

At any time, you can change your payment amount and/or frequency by logging into your account online.

For exact payment dates, please see our Income Payment Calendar.

Or, if you’d rather leave your payment choices up to us, you can set up with Smart Default.

How long could your savings last

How long your money could last include can depend on:

• how much money your transferred to your TTR Income account
• your income payment(s) each year
• investment returns
• fees and costs deducted from your account.

Your investment option(s)

When choosing your investment option(s), keep in mind your risk profile and the time frame your money will be invested. You can use our Investor Risk Profiler to determine the kind of investor you are to help make you feel more confident about your investment decisions.

Choose from our DIY Mix or PreMixed investment options. Or, if you’d rather have our experts select your investments for you, consider setting up with Smart Default.

Setting up with Smart Default

With Smart Default, your payments and investment options are pre-selected, modelled and managed by us, but you can change them later if you need to. This means you’re:

• invested in 12% Cash and 88% Balanced investment option,
• initially set up to receive 6% of your account balance each financial year. As you get older, this amount will increase to meet the minimum payment limits set by the government, and
• paid every two weeks.

Every July, we’ll write to you confirming your payment amount for that financial year. You don’t have to do anything, unless you want to change. Making a change is easy by logging in to your account online.

For more information about Smart Default, view the TTR Income Product Disclosure Statement.

TTR Income fees and costs

Here’s an example of what your annual fees and costs might look like for the Balanced investment option in TTR Income as at 1 October 2025.

Beneficiary nomination(s)

If you want to choose who your super money goes to in the event of your death, you’ll need to make a beneficiary nomination(s)³. It’s a good idea to be familiar with all your options.

You can choose a binding or non-binding beneficiary nomination. Or you could nominate a reversionary beneficiary, this person will receive regular income payments from your account until the balance reaches $0.