Reduce your working hours and access your super as additional income when you reach your preservation age.

Once you hit your preservation age, sometime between 56 and 60, depending on the year you were born, you have the option to access your super and continue working full or part time.

It’s called a ‘transition to retirement income stream’ (TRIS for short) and people choose it for a few reasons.

You might just love what you do, or you might need to work because of financial commitments.

Or you might simply prefer to slowly dial down your day job rather than stop overnight.

Either way, starting up a TRIS can be a highly tax-effective strategy to prepare for life after work.

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How transitioning can work for you

Choosing a TRIS might be a good option on a personal front, but it could also have some financial benefits because of tax breaks.

If you reduce your hours, supplementing your income with super could mean you don’t take home any less in your pocket each month.

Or you can work full time and get the tax benefits of salary sacrificing into your super fund.

So while you may be drawing down from part of your super, you’re topping up as you go.

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Interested in exploring a TRIS further?

Your preservation age depends on your date of birth. This table can show you where you fall:

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

A few things to consider about starting a TRIS

Please read the Income Stream Member Booklet before deciding if this is the right product for you.

Once you've set up a transition to retirement income stream, remember:

  • You can’t withdraw your whole super balance as a lump sum. 
  • You can withdraw a minimum of 4% and a maximum of 10% of the account balance into a TRIS income stream each year.
  • Drawing down from your super could mean there is less to access when you fully retire.
  • If you aren’t sure, seek some financial advice. Our financial planners can help you.

Learn more about TRIS

Which pension is right for you?

509.3KB PDF

When does your TRIS become a RIS?

283KB PDF

Accessing your super

256.2KB PDF

Income Stream Member Booklet

1.4MB PDF

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