Transition to Retirement Pension

The Transition to Retirement Pension allows you to ease into retirement by working hours that suit you without sacrificing your standard of living.  You can use your super savings to purchase an income stream that will supplement your income from your employment.

You can join the Transition to Retirement Pension (TTR) if you are a member of BUSS(Q) and are:

• Over 55 years of age and reached your preservation age, table shown here.
• Still in the workforce.

You are unable to commute this plan, that is take it as a lump sum, while you are working. You may however rollover your balance to your super account at anytime should you decide to go back to full-time work.

On retirement or at age 65 you will be able to access your funds as an income stream or as a lump sum with no maximum restrictions.

The minimum amount needed to commence a BUSS(Q) Transition to Retirement is $10,000.  If you have money in other super funds that you wnat to use, as well as the money you have in BUSS(Q), to start your BUSS(Q) pension, then it is important you transfer those accounts directly to BUSS(Q), before your super is transferred to the pension part of the Fund.

It is a Government regulation that you cannot add to a Transition to Retirement once it has commenced.

To invest in a BUSS(Q) Transition to Retirement Pension, simply call us on FREECALL 1800 657 216 for further information, or refer to the Product Disclosure Statement.