Whether retirement is just around the corner or several years away, there are many advantages to starting a retirement income account with TWUSUPER.
TWUSUPER’s retirement income product, TransPension lets you access your super to provide a regular, tax-effective retirement income.
If you’re under 60, payments generally are taxed lower than other types of investment, and generally, you don’t pay tax on payments if you’re over 60. And if you’re over 65, you may also be able to access the Centrelink Age Pension and other Centrelink benefits (such as the Pensioner Concession Card).
Retirement income options
You can choose from two types of retirement income accounts with TransPension. Which one you choose depends on whether you’re still working or are ready to fully retire.
Centrelink Age Pension
Did you know you may be able to combine your retirement income payments with the Centrelink Age Pension?
Advice and help
Talk to us about how to set up and manage a retirement income account, whether you’re about to retire or have just started thinking about retirement.
Retirement income calculator
Use our retirement income calculator to understand how your super and the Centrelink Age Pension together can give you a tax-effective income in retirement.
Accessing your super
If you’re 60 or over you can start turning your super into retirement income – even if you’re still working. If you want to access your super before you are 60, certain rules apply.
The age at which you can access your super depends on your date of birth and is known as your "preservation age".
We keep our members fees low so you have more super to enjoy the life you want in retirement.