RETP059 Transitioning into retirement (481 words)

This article explains how Transition to Retirement pensions work and identifies three scenarios where this strategy might be used to great benefit.

If you’re nearing retirement age but don’t want to stop work entirely, another option might be to transition into retirement. For those over 60, Transition to Retirement (TTR) pensions are tax-free and TTR strategies can provide a number of benefits.

Let’s look at some options available to 62-year-old accountant, Brian. He works full time and is on an annual salary of $100,000.