Allocated Pension Division (APD) helps you boost your pension savings. Contact Mercer Super now to find out more about APD.

Transition to Retirement

You don’t need to retire or stop working to access your super. With a Transition to Retirement (TTR) account, you have the flexibility to cut back your work hours while accessing some of your super. Or keep working, but use your super to pay off your mortgage faster. 

A TTR account allows you to top up your existing income by also receiving payments from your super.

How it works:

Once you’ve met your preservation age,* you can set up a TTR account by transferring part of your super into a TTR account. This means you’ll have:

  1. A super account, which your employer contributions are paid into, and
  2. A pension account, which will pay you a regular income directly into your nominated bank account.

Benefits you can enjoy with a TTR account

1.  If you salary sacrifice into your super, you can reduce your tax and top up your income through pension payments. This could save you more without affecting you take home pay. Even if you don’t salary sacrifice, there are some great benefits of TTR as you near retirement:

  • 15% tax offset on pension payments when you’re under 60.
  • No tax on pension payments once you turn 601.
  • Investment earnings for a TTR account are tax free once you:
    • turn 65, or
    • left employment at age 60 or after, or
    • retire permanently from the workforce, or
    • become permanently disabled or terminally ill.

2. Cut back on working hours without reducing your income, by drawing from your pension to supplement your income.

3. If you’re 60 or over, your retirement income payments are generally tax-free and don’t need to be declared as assessable income when you lodge a tax return.

4. When you retire, it’s easy to switch your TTR account into a pension account. Find out more about Mercer Super’s Allocated Pension account.  


Already retired or stopped working?

Start a pension account to access your super as an income, paid straight into your nominated bank account. 

* Preservation age is what determines when you can access your super at retirement and is based on when you were born. Find out here.
Contact Mercer Super AU for all of your superannuation and financial planning queries.

Mercer Super Trust: 1800 682 525, +61 3 8306 0900
Pension: 1800 671 369, +61 3 8306 0906

8am - 7pm (AEST/AEDT), Monday - Friday




Mercer Super Australia has offices in Melbourne, Glen Waverley, Sydney, Paramatta, Canberra, Brisbane, Adelaide and Perth.


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