TTR case studies

See how TTR works with these examples

Work less with TTR

Tina (60)

  • Tina has just turned 60 and is keen to add to her $140,000 super balance.
  • She earns $67,100 a year before tax, or about $53,500 a year after tax and is looking forward to retiring at 65.

Tina would like to reduce her working week to 4 days, whilst still maintaining the same level of income. By starting TTR, Tina is able to achieve this.


Work less - Tina’s TTR plan

Based on Tina's information, here’s how she could set up TTR.

Work less - Tina’s TTR plan

Based on Tina's information, here’s how she could set up TTR.

Amount transferred into TTR Income

$120,000

Tina’s annual TTR Income payment amount

$8,600

Benefits

Tina can:

  • Ease into retirement or extend her career by working less.
  • Use her TTR Income account to replace any reduced salary.
  • Continue to grow her super as she keeps working.

1 1
Open a TTR Income account

To start, Tina needs to transfer some of her super into a TTR Income account. Based on government limits, below is the optimal amount to transfer into TTR Income from her super.

$

Super balance

$120,000

Transfer amount

TTR I

TTR Income


2 2
Reduce hours worked

mon

tue

wed

thu

fri

$

$

$

$

x

Tina's take home pay

$53,500

5 days per week

Tina's take home pay

$44,900

4 days per week


3 3
Receive payments from TTR Income to keep the same take-home pay

Tina can receive payments from her TTR Income account, to supplement her reduced income.

$44,900

4 day working week income

+

+ $8,600

$8,600

TTR Income payment

=

= $53,500

$53,500

Same take-home pay


Review annually

As circumstances change, Tina reviews her TTR annually to make sure it’s still right for her.

  • Assumptions

    This example is provided for illustration purposes only and is not a representation of the benefits that may be received or the fees and costs that may be incurred. The information should not be taken as financial advice. Source: AustralianSuper internal calculations.

    • Income figures have been rounded to the nearest $100
    • Current tax rules for the 2019/20 financial year have been used.
    • This calculation applies to the first year of TTR only.
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