Transition to Retirement Calculator
Estimate your TTR pension drawdown (4%–10% of your super) and the tax on payments, which are tax-free from age 60, for 2025-26.
Your TTR Pension
The account balance used to set this year's minimum and maximum drawdown.
TTR pensions must pay between 4% and 10% of the balance each year.
From age 60 your TTR pension payments are tax-free.
Salary you're still earning while transitioning. Only used to estimate tax if you're under 60.
2025-26 rules. Preservation age is now 60 for everyone.
Results
Annual TTR Pension
6% of $400,000 — about $923 net per fortnight
Net (After Tax)
Tax-free from age 60
Allowed Range
4% minimum to 10% maximum
You're 60 or over, so your TTR pension payments from a taxed super fund are completely tax-free — you keep the full $24,000.
A TTR pension stays in accumulation phase for the fund, so its earnings are taxed at 15% (not 0%). It only switches to the tax-free retirement phase once you turn 65 or permanently retire and convert it to an account-based pension.
Estimate based on 2025-26 TTR rules: 4%–10% drawdown limits, preservation age 60, and tax-free pension payments from age 60. The under-60 tax estimate is an approximation that applies marginal rates and the 15% pension offset to the pension on top of any other income you enter, and ignores low-income offsets. It does not constitute financial advice — consider a licensed adviser.
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Frequently asked questions
How much can I draw from a TTR pension?
A transition to retirement income stream must pay you between 4% and 10% of your account balance each financial year, based on the balance at 1 July. The 10% maximum is fixed for all TTR pensions and you cannot take lump sums until you meet a full condition of release (turning 65 or permanently retiring).
What is the preservation age now?
Preservation age is now 60 for everyone — anyone born on or after 1 July 1964 has a preservation age of 60. From 2024-25 onward, every person reaching preservation age is 60, so you must be at least 60 to start a TTR pension.
Is a TTR pension taxed?
From age 60, TTR pension payments from a taxed super fund are completely tax-free and do not appear on your tax return. Under 60 (now only relevant to older arrangements), the taxable component is taxed at your marginal rate but with a 15% pension tax offset, which often eliminates the tax at modest incomes.
Are TTR fund earnings tax-free?
No. A TTR pension keeps its supporting assets in accumulation phase, so the fund pays 15% tax on investment earnings — unlike a full account-based pension in retirement phase, where earnings are tax-free. It only switches to the tax-free retirement phase once you turn 65 or permanently retire.
Is a TTR strategy worth it?
For someone aged 60 or over who is still working, salary sacrificing into super (taxed at 15% rather than your marginal rate) and drawing a tax-free TTR pension to replace the take-home pay can boost retirement savings and cut tax. The benefit is smaller than before the rules tightened and interacts with the $30,000 concessional cap, so consider licensed financial advice.