What is transition to retirement?
Transition to retirement is a strategy that can help you reduce your working hours while maintaining the same level of income.
A transition to retirement strategy changes the way you receive your income. Instead of receiving your income from one source (your employer), you receive income from two sources (your employer and your superannuation savings).
Pulling it all together
A transition to retirement income swap strategy can be an effective way to boost your superannuation savings. But how much your savings grow will depend on the contributions you make into super at this very important time.