Transition To Retirement

Transition to Retirement from age 60

A Transition to Retirement strategy can help you boost your super in the lead-up to retirement, giving you the chance to make the most of your final working years. It can also help you ease into retirement gradually, while keeping your income steady.

Advantages of a TTR strategy with Super SA

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Boost your super and maintain your income

Combine a TTR Income Stream with salary sacrifice and you could boost your super without reducing your take home pay.

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Work less, but maintain your income

Reduce your work hours and supplement your take home pay from your super through a TTR Income Stream.

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No annual cap on salary sacrifice contributions1

With Triple S, there’s no annual limit which means you can contribute a whole lot more as you approach retirement.

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Flexible payments

Get your income payments when it suits you - fortnightly, monthly, quarterly, half-yearly, or yearly.

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Keep your money working

The money you transfer from your Triple S account to your TTR Income Stream account stays invested.

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Tax-free payments

From age 60, income payments from super are tax-free.

And it gets even better at age 65

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When you meet a condition of release such as retiring or turning 65, your transition to retirement account automatically moves from the ‘transition phase’ to the ‘retirement phase’. This change happens even if you’re still working, and it brings with it some added benefits.

  • Investment earnings become tax-free
  • You can take lump sum payments whenever you like
  • The 10% annual payment limit is lifted, giving you freedom to withdraw more if you choose.

Over 60? Use a TTR strategy to make the most of your super

Think of Transition to Retirement (TTR) as a flexible bridge between working life and retirement. By opening a Super SA Income Stream account alongside your Triple S account, you can start accessing your super while you’re still working.

That means you can:
  • Work the same hours and give your super a boost, or
  • Work less and keep your income steady
  • Access up to 10% of your super each year.
Open a TTR Income Stream account

 Explore our case studies

 See the different ways members can use a TTR strategy to their advantage.

Meet Kyle, he’s giving his super a mega-boost before retirement.

Kyle is 60 and earns $100,000 a year working full-time. He has $450,000 in his Triple S account. He wants to give his super a final boost to put him in good stead by the time he’s ready to retire at age 65.

His goal:

Boost his super without reducing his take-home pay.

Kyle’s full story

Meet Lisa, she’s working less but keeping most of her income

Lisa is 60 and earns $100,000 a year working full-time. She loves her job but wants more time with her grandchildren. Cutting back her hours would mean a drop in income, and that worries her. She has $400,000 in her Triple S account.

Her goal:

Work fewer days without losing too much take-home pay.

Lisa's full story

Meet Sharon, she’s paying down debt to ease financial stress

Sharon is 60 and earns $100,000 a year working full-time. She has $500,000 in her Triple S account. Her biggest worry is her $200,000 mortgage, and she’s determined to pay it down before retiring.

Her goal:

Use her super to reduce mortgage stress and feel more confident about retirement.

Sharon’s full story

How to set up a TTR Income stream with Super SA

  1. Use this form to open a Super SA Income Stream account and elect to transfer at least $30,000 from your Triple S account.
  2. If you’re using TTR to boost your super, you can make salary sacrifice contributions into your Triple S account.

Eligibility

To start a TTR Income Stream with Super SA, you must:

    • Be between age 60 and 64
    • Have a Triple S account with a balance of at least $36,500
    • Roll at least $30,000 into a Super SA Income Stream
    • Keep a minimum of $6,500* in your Triple S account.
*Most SA Ambulance operational employees and Police members are required to maintain a higher balance of $25,000 in  Triple S.

Important Information

  • There are rules for how much you can draw from your Income Stream account balance each financial year. The minimum is 4% and the maximum is 10%.
  • Accessing your super through a TTR strategy may affect the level of Centrelink benefits you (and your partner) are eligible for.
  • Drawing on your super now means there may be less available when you retire.
  • If your priority is to reduce your work hours, you might want to explore other options available through your employer, such as long service leave or flexible work arrangements, before accessing your super.
  • It’s a good idea to seek financial advice when deciding if a TTR strategy is right for you.
  • Once your Income Stream is opened you can’t add more money to it. You can either open a further Income Stream or consolidate your money in an accumulation account (e.g. Triple S) and then start a new Income Stream.
  • If you retire or cease work prior to age 65 you should let us know by completing a retirement declaration.
  • You are likely to incur additional fees and costs by having 2 accounts. An income stream and an accumulation account (e.g. Triple S and a Super SA Income Stream).
  • When your TTR income stream becomes a retirement income stream your account balance will then count towards the transfer balance cap. For more information refer to the Income Stream Reference Guide or the ATO website.


Frequently asked questions

  • If you would like to start a TTR, you should first read the TTR section in the Triple S Reference Guide for details of eligibility criteria.

    You then need to apply for an Income Stream account. Instructions for how to do this are available here: Open an Income Stream.

  • Yes, to start a Transition to Retirement (TTR) strategy you’ll need to open an Income Stream.

    This type of account gives you flexible, tax-effective access to your super while complying with superannuation rules. While it can’t receive employer contributions, the money in the account stays invested, helping your savings last longer as you move into full retirement.

  • Once an Income Stream account has been opened, you can’t contribute or transfer more money into it. However, you can consider opening a new Income Stream account. 

  • If you have a Triple S, Super SA Select, or Flexible Rollover Product account with Super SA, you can transfer your super from another fund into one of these accounts. Once the transfer is complete, you can use those funds to start your TTR Income Stream.
  • Yes you can change the amount and frequency, provided you meet the minimum and maximum payment rules for the financial year.
1 A lifetime untaxed plan cap of $1.865m for 2025-26 FY applies. Refer to the Triple S Product Disclosure Statement for further information. If you also receive concessional contributions in a taxed fund, any concessional contributions made to Triple S will be counted towards your annual concessional contributions cap.
The superannuation schemes administered by Super SA are exempt public sector superannuation schemes and are not regulated by the Australian Securities and Investments Commission (ASIC) or the Australian Prudential Regulation Authority (APRA). Super SA is not required to hold an Australian Financial Services Licence to provide general advice about a Super SA product. The information on this website is of a general nature only and has been prepared without taking into account your objectives, financial situation, or needs. Super SA recommends that before making any decisions about its products you consider the appropriateness of this information in the context of your own objectives, financial situation, and needs, read the relevant Product Disclosure Statement (PDS), and seek financial advice from a licensed financial adviser in relation to your financial position and requirements.

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