Transitioning to Retirement

Planning to enter retirement, or semi-retirement, can seem daunting and overwhelming. However, the perceived steep drop in income by moving to a superannuation-funded pension can be mitigated through a Transition to Retirement plan (TTR).

TTR plans through Axios provide clients of preservation age with options regarding their move into retirement. Supplementing a part time employment income with a second income streamed from your superannuation fund can allow you to stay sociable and stimulated through casual work while maintaining a near-full time income.

The potential to increase your superannuation balance through a TTR, while simultaneously maintaining your income and reducing your work hours, is achieved by moving to the lower tax bracket. The reduced tax rate enables you to contribute the tax saving to your superannuation, essentially turning tax into savings.

While TTR plans are only available to those with Accumulation superannuation funds, Axios provides various moving-to-retirement services and advice, enabling you to make the most of your superannuation and tax benefits throughout this transition.

Talk to Axios today about transitioning to retirement.