Transition to retirement
Give your super balance a boost by making extra contributions, without reducing your take-home pay.
Get a taste of retirement by cutting down your working hours but keeping the same take-home pay.
What are the benefits?
The benefits of using a transition to retirement strategy are:
- you may pay less tax
- it can help grow your super
- allows you to ease into retirement
- brings forward those things you’re holding off doing until retirement.
Are you eligible?
You can access your super using a transition to retirement strategy once you reach your preservation age
|Date of birth||Preservation age (years)|
|Before 1 July 1960||55|
|1 July 1960 – 30 June 1961||56|
|1 July 1961 – 30 June 1962||57|
|1 July 1962 – 30 June 1963||58|
|1 July 1963 – 30 June 1964||59|
|After 30 June 1964||60|
Transitioning to retirement is different for everyone.
If you’re thinking about transitioning to retirement it’s best to speak to one of our qualified financial planners to find a solution that best suits you.