The Lucrative Benefits of Transitioning to Retirement (TTR) Pension Strategies in Australian Superannuation
Transition to retirement (TTR) superannuation pensions can increase your super balance and reduce your tax without affecting your take home pay. Australians aged between 60 and 65 can salary sacrifice money into their superannuation to pay less tax and then take that money back out with a transition to retirement pension. With this strategy, you can grow your super balance without putting any extra money into your super fund! #australia #superannuation #retirementplanning Video Links: 1) Watch these to learn how to use your super to pay less tax (i.e. get your free chocolate!): and 2) My video on salary sacrifice: 3) My video on account-based pensions: 0:00 You can boost your superannuation and pay less tax without reducing your take home pay! 0:37 How the strategy works in principle 2:02 Financial advisers have been telling their clients to do this for years 2:38 Example walkthrough - How this strategy reduces your tax 3:50 Example walkthrough - How this strategy gr