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Understand how a TTR Pension works so that you can maximise your wealth as you transition into retirement. An essential watch for anyone in their late 50s or early 60s.
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► How Much Super Do You Need to Retire Comfortably: bit.ly/364JN5h
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► How Much Super Should You Have: bit.ly/3hpcFu1
► How Much Can You Contribute to Super? bit.ly/3jBLH5k
► When Can You Access Your Super: bit.ly/3htrlIC
► Should You Withdraw Super to Pay Debt: bit.ly/3hbtr0V
► When Can You Access Your Super Tax Free: bit.ly/3h95JCh
► How Much Super Do You Need to Retire At 60: bit.ly/3dzy1E1
⏱ Timestamps
00:00 - Transition to Retirement Pension
01:40 - What is a TTR Pension?
03:05 - Superannuation Preservation Age
03:56 - TTR Pension Example
06:16 - Tax on TTR Pension Earnings
07:25 - Tax on TTR Pension Income
09:50 - TTR Pension Considerations
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- Transition to Retirement Pension: What is it & How Does it Work? -
A Transition to Retirement (TTR) Pension is a way of accessing your superannuation while you are still working.
A TTR Pension works by converting your super accumulation balance into an income stream to provide you with income that can supplement reduced working hours, implement tax-effective strategies or help you reduce debt in the lead-up to retirement.
In my opinion, the TTR Pension is the single greatest component of Australia's superannuation system.
This video explains how a TTR Pension works, when you can start one, a TTR Pension example and tax on TTR pension earnings and income.
#SuperGuy #ChrisStrano #Superannuation #RetirementPlanning
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General advice is provided by Toro Wealth Pty Ltd trading as SuperGuy Retirement Experts as an Authorised Representative of Core Value FA Pty Ltd (AFSL 480387).
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