transitioning to retirement

Are you ready to start your retirement planning? A Transition to Retirement strategy gives you options. You can boost your super before you retire, or maintain your income while winding back on work.

How does it work?

While you're still in the workforce, you can start to take advantage of a Transition to Retirement (TTR) strategy through a HESTA Income Stream to help you prepare for retirement.


Boost your super while you're still working


Reduce the hours you work and supplement your take-home pay



What are the benefits?

You could boost your super balance while you continue to work.


It could reduce your current and future tax bill. Investment earnings are taxed at 15% compared to your marginal tax rate.


It could pay you up to 10% of your super balance in a year.



Before you apply, consider the following

If you choose to take your super as a TTR Income Stream, you can't withdraw it as a lump-sum payment until you meet the following conditions of a Retirement Income Stream:

  • permanently retire from the workforce at or after your preservation age
  • end your current employment at or after age 60
  • turn 65, whether you're working or not.

If you or your partner currently receive any entitlements (or expect to in the future), it is important to contact the Financial Information Service at Centrelink on 13 23 00 to understand your options.


What happens when you retire permanently?

Once you retire completely, or you meet one of the other conditions of release listed above, your TTR Income Stream converts to a Retirement Income Stream.

It allows you to:

  • access tax-free income payments from age 60
  • enjoy tax-free investment earnings 
  • have flexible payment options (within government limits)
  • receive a regular income paid directly into your bank account. 



ready to apply?

Apply for a TTR Income Stream in Member Online. Just go to the Income Stream tab once you've logged in to get started.

what's next?

Planning your happy ever after

Read more about about planning your next chapter, including case studies about how other members have started transitioning.

Download now

Resetting a TTR strategy

Checking in on your TTR strategy will make sure it continues to be as tax-efficient as possible and still suits your personal circumstances.

Learn more

Get advice

Our advice service can help you decide if a TTR Income Stream is right for you. Provide us with a few details and a team member will call you to chat.

Make a time to talk

Not a HESTA member yet?

As a specialist industry super fund dedicated to people in health and community services, we know what makes our members tick. Become a HESTA member, and you can count on us to make super simple for you.