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Picture Book · Account-based pension vs TTR

Where tax applies

Story pages

A woman in her early sixties with a long grey plait riding a bicycle along a quiet country road
Meet Marguerite. She's 61, still working, and has a TTR.
A leafy fruit tree with a woven basket at its base half filled with fruit
A TTR's investment earnings are taxed at 15% inside the fund, the same as an ordinary super account.
A fruit tree heavy with fruit and an overflowing woven basket beneath it
An account-based pension in the retirement phase usually pays no tax on its earnings.
A garden gate standing open onto a sunny meadow
Her TTR only joins the retirement phase when she turns 65, or tells her fund she has retired.
A woman's hands holding a small bunch of picked flowers
Separately, because she's over 60, payments from a taxed super fund generally aren't taxed in her hands.
A woman in her early sixties with a long grey plait sitting on a garden swing reading a book
If that's her only income after 60, she generally won't need to lodge a tax return.

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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