Today, Sep 27th 2020

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WA Truckies Deserve Better
Transport Workers have spoken. WA truck bays, amenities and WA highways need an upgrade! You can sign the petition and show your support:&...
13/02/2020
Incentive program
This is your opportunity to be incentivised for signing up an eligible member to the TWU. Simp...
TWU Veterans Supporting Road Safety Education
Veterans of the trucking industry have recently been visiting schools to promote road safety me...
06/01/2020
2020 Membership
Be a part of your great union in 2020. Renew your membership today Membership Fees 2020 (all...
Glen Barron’s Aviation Report
They say a picture is worth 1000 words and if the looks on the faces of our members at Alpha Fl...
Legally Right?...Maybe
Toll Liquid drivers who work on a rotating shift roster are protesting loudly about the firm&rs...
The TWU has reached agreement with Hanson Construction Materials on behalf of a group of Rocla ...
It was my pleasure to represent Greg Newman in an unfair dismissal matter earlier this year, G...
The TWU was recently successful in a long running case to recover long service leave entitlemen...
Cleanaway Alcohol Testing
The TWU fully understands the need for drug and alcohol policies in the workplace ;mind alterin...
Prosegur Breaching Agreement
Our Prosegur Agreement expired in June last year and the last pay boost for the armoured vehicl...
For the past 22 years I have been lucky enough to call WA my home; my adult daughter, I am prou...
A custody officer, and TWU member, who was injured by a suicidal prisoner has settled her worke...

News headings from LabourStart


Transition To Retirement

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When you reach a certain age you can access your super under TOT rules

A constant enquiry I receive from members is ‘how can I access my super?’ Fortunately it is not as simple as a withdrawal from your savings account.

Government legislation places some restrictions on how and when we can access superannuation (after all, it is intended for retirement)

You can access your super at age 65, even if you are still working, when you reach your ‘preservation age’ (see chart) and retire.

Or, under the transition to retirement rules, while continuing to work.

Transition to Retirement Pension (TTR) is becoming a popular option.

This facility allows people to access a portion of their super while they are still working and looking to retire. Most super funds (including TWU Super) offer members this option

TTR offers tax benefits as money drawn from super before age 60 is taxed at 15%, while money drawn after age 60 is tax free.

Please remember I am not a financial planner and therefore cannot give specific advice or recommendations for your financial situation.

However, if you are interested in Transition to Retirement, please call me on 9328 7477 or TWU Super Consultant Brendon Adams 0448 067 679.