What is Transition to Retirement?

Once you have reached your Commonwealth preservation age, Transition to Retirement (or phased retirement) allows you to turn your super into a non-commutable income stream, without having to retire or reduce your hours of work.

You can then use this regular income to work less hours, without reducing your income. You can also grow your super balance by salary sacrificing money back into your GESB Super or West State Super account or increase your income by receiving a regular pension on top of your normal salary.