Transition to Retirement Pension Calculator | Plan Your TTR

A Transition to Retirement (TTR) pension allows you to access your super while still working, typically once you've reached your preservation age (between 55 and 60). This strategy can be used in two main ways:

• Reduce work hours without reducing income - Supplement your reduced salary with TTR pension payments
• Boost your super before retirement - Salary sacrifice into super while using TTR payments to maintain your lifestyle

TTR strategies can offer significant benefits, including tax advantages once you turn 60 (when TTR pension payments become tax-free) and the ability to ease into retirement gradually. However, they can be complex, so it's important to understand how they work and whether they're suitable for your circumstances.

Step 1

Enter your personal details including your current age, planned retirement age, annual salary, and current super balance. These form the foundation of your retirement calculations.

Step 2

Select your preferred TTR strategy - either "Reduce Work Hours" to maintain income while working less, or "Boost Super" to increase your retirement savings through salary sacrifice.

Step 3

For the "Reduce Work Hours" strategy, enter your reduced work percentage and TTR drawdown rate. For the "Boost Super" strategy, specify your salary sacrifice amount and TTR drawdown amount.

Step 4

Enter your expected investment return and inflation rate to ensure the calculator provides realistic projections based on economic conditions.

Step 5

Click "Calculate" to see your personalized results, including the impact on your take-home pay and projected super balance at retirement. Review the detailed explanation to understand how the strategy affects your finances.