Important! Since 1 July 2017, there is no longer a tax exemption on pension fund earnings financing a transition-to-retirement pension (TRIP). This change applies to TRIPs in place before July 2017 as well as TRIPs commenced on or after 1 July 2017.
Q: Your website says: “By starting a TRIP, you don’t have to retire to withdraw your super benefits. You can work part-time or full-time or even casually.” But on the TRIP form I have from my super fund it says I have to be permanently retired or be working part time. Which is correct? I can’t see any reference on the ATO site to a need to be working part time. So can I continue working full-time and still do TRIPs?