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Picture Book · Account-based pension vs TTR

Sacrifice and top up

Story pages

A woman in her early sixties with a neat bob walking briskly across a city park with a coffee
Meet Wendy. She's 61, works full time and earns an above-average income.
Water being diverted from a garden channel into a large storage barrel
She salary sacrifices more of her pay into super, which lowers her take-home pay.
A sturdy timber rain barrel with a lid
Those contributions count toward her concessional cap and are generally taxed at 15% in the fund.
A watering can refilled from the barrel and carried back to the garden
She uses TTR payments to make up the take-home pay she gave up.
A tangle of garden hoses being neatly coiled on a hook
Whether it's worth it depends on her tax rate, the costs and her plans. Moneysmart says complexity is the main drawback.
A woman in her early sixties with a neat bob at a cafe table writing in a notebook
Wendy gets the numbers checked before she starts.

The end

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General advice warning. This picture book is general information only. It does not take into account your objectives, financial situation or needs, and it is not personal advice. Rules and thresholds change. Before acting, consider whether it is right for you, read any relevant Product Disclosure Statement and our Financial Services Guide, and seek personal advice. Past performance is not a reliable indicator of future performance.

Information as at 27 October 2026. Sources:

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