iQ Retirement^TM

Enjoy true flexibility with Australia's first contribution and pension account in one

Transition to Retirement pension (TtR)

If you have reached your preservation age, you can use a Transition to Retirement strategy to access your super while you're still working - and iQ Retirement is a product that can help you do this. It combines a contribution account with a pension account, so you can contribute to your super while drawing a pension at the same time.

Here's how the strategy works and how iQ Retirement makes it happen.

1. Reduce your working hours, not your income

You can ease into your retirement by working fewer hours. This could mean you'll earn a lower income. But you can supplement this lower income with a regular income from your pension account.

2. Top up your super as you go

iQ Retirement has a contribution account, so you can keep contributing to your super while you're working. This includes any super guarantee contributions your employer makes, any salary sacrifice or voluntary (after-tax) contributions you make, and rollovers. It's an effective way of keeping your balance growing while you draw a pension.

3. Take advantage of the tax benefits

If you choose to salary sacrifice into your contribution account, you could pay less income tax. If you're aged 60 or over, your pension income is tax free. If you're under 60 (and have met your preservation age), your pension income is taxed at your marginal tax rate but you receive a 15% tax offset.

4. Accessing your money

You can choose to receive your pension payments monthly, quarterly, semi-annually or annually. We will pay your pension income into your nominated bank account.