Transition to retirement

A transition to retirement strategy allows you to access your superannuation even when you’re working on a full-time or part-time basis.

How? Once you have reached your preservation age, you can supplement your salary with a regular income from your superannuation account. This strategy can be used in a number of different ways to boost your superannuation savings and pay less tax.

Preservation Age

Date of birth	Preservation age
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
From 1 July 1964	60

The main ways you can use a transition to retirement strategy are:

To decrease your working hours while maintaining your income
To increase your income to meet expenses/pay debt/improve your lifestyle
To increase your superannuation savings and reduce tax through salary sacrifice.

View our webcast, our online case study or our fact sheet on transition to retirement for more information.

If you would like more information or assistance with the transition to retirement calculator, please talk to your adviser, or call the Pension Helpline on 1800 300 353 or email: russellpension@russellsuper.com

Find out how to maintain your income as you move from work to retirement. Watch the webcast

Private Active Pension

Retirement Calculator