There is a provision under the Australian Government that enables a person to keep working while enjoying the superannuation benefits to an extent as well. This is precisely known as transition to retirement that gives an opportunity to the employee to add-on to the salary and the person can enhance the lifestyle to an extent. In fact, there are other benefits of this policy like tax saving feature as well as accelerating the super funds before retirement as well.
How to proceed further with transition to retirement?
This process, officially known as the ‘transition to retirement’ or TTR scheme pension consists of basically double components: