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What happens to my TTR when I turn 65?

Transition-to-retirement (TTR or TRIS) pensions allow super fund members to access their retirement savings as soon as they reach their preservation age, regardless of their work status.

These pensions have become even more popular since the preservation age and the age at which pension payments become tax free have aligned at age 60 (although fund earnings on the assets supporting a TRIS are still taxed).

If you have started a TRIS or are contemplating doing so, there are some important issues you need to be aware of, as well as actions you may need to take as you approach age 65.

When a TRIS recipient turns 65

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