A transition to retirement income stream lets you draw part of your super as a pension from age 60 while you keep working.
Key facts
- A transition to retirement income stream (TRIS) lets you draw on your super from preservation age (60) without retiring.
- Each year you must take at least the minimum (4% of the balance under 65) and no more than 10% of the balance at the start of the year or on 1 July.
- Lump sums generally can't be taken from preserved benefits.
- Earnings on the assets supporting a TRIS are taxed at 15% until it moves to the retirement phase.
- It moves to the retirement phase automatically at 65, or earlier when you tell your fund you've retired or met another condition of release.
Yearly payment limits
| Balance | Minimum (4% under 65) | Maximum (10%) |
|---|---|---|
| $100,000 | $4,000 | $10,000 |
| $200,000 | $8,000 | $20,000 |
| $300,000 | $12,000 | $30,000 |
| $500,000 | $20,000 | $50,000 |
| $800,000 | $32,000 | $80,000 |
The minimum rises with age once you're 65; see the minimum drawdown rates on the super rates page.
Rules
| Rule | Detail |
|---|---|
| Who can start one | People who have reached preservation age (60) |
| Payments | At least the minimum each year, no more than 10% of the balance |
| Lump sums | Only in limited circumstances from preserved benefits |
| Earnings tax | 15% until the retirement phase |
| Retirement phase | Automatically at 65, or when you notify your fund of retirement, permanent incapacity or a terminal medical condition |
Common questions
What age can I start a transition to retirement pension?
From your preservation age, which is 60 for anyone born from 1 July 1964.
How much can I take from a TTR pension?
At least 4% of the balance each year under 65, and no more than 10% of the balance on the start date or 1 July.
Is a TTR pension taxed?
Earnings inside the TRIS are taxed at 15% until it enters the retirement phase, at 65 or when you retire. How the payments themselves are taxed depends on your age and the fund; see the ATO's super income stream tax tables.
Can I take a lump sum from a TTR pension?
Generally not from preserved benefits; lump sums are limited to specific cases unless the pension holds unrestricted non-preserved benefits.
See also preservation age, the salary sacrifice calculator and the super calculator.
Sources: ATO transition to retirement income streams, TRIS for super funds and payments from super. Checked 22 October 2026. General information, not financial advice.