I recently wrote this article on a pitfall of starting a transition to retirement pension (TTRP) from a financial planning perspective. TTRP’s can be a good retirement planning tool as it allows people to reduce their working hours but maintain their full-time pay by drawing money out of super to cover the gap.

However, if made redundant or find yourself out of a job, having the TTRP may stop you from receiving Centrelink assistance.

Follow the link to read the full article:

http://www.theaustralian.com.au/business/wealth/hidden-catch-of-transition-to-retirement-pension-schemes/story-e6frgac6-1227350861393