The upside to downsizing together with a TTR pension

posted on 20.08.2017

REI Super member profile 

Rob Collins, Commercial agent, married, 3 daughters, 2 ½ grand children, REI Super member since joining the industry in 1992, now with his sights set firmly on retirement.

REI Super: Have you always been with the same employer and REI Super?

RC:   I’ve been with the same employer for many years. Over time there was encouragement to join other super funds but I’ve always elected to stay with REI Super. My experience with the fund has been very good and it was easy to stay. I did have other super which I have now rolled into my REI Super account.

REI Super: Was that something you did of your own accord or did you get advice?

RC:   My wife and I have taken advantage of financial advice our super provides over the years and this has put us in good stead. A few years ago we downsized the family home as part of our preparations for retirement. Still with lots of room for grandkids and family gatherings, just less land under management, no grass to mow and with a top up for our super.

REI Super: So does that mean retirement is getting closer?

RC:   Last year I had a bit of a milestone, turning 60. That was the catalyst to get advice again. As we had both reached our preservation ages the advice was to commence a TTR (Transition to Retirement) Pension, as a way of building more super and for flexibility of income.

We both work part time now, we’ve invested in a caravan and a new car and are looking forward to time away, with full time retirement not too far off.

We are doing a test run early next year, taking off in the van on extended long service leave. Who knows, if we really enjoy it we may just keep on going.’


This information has been prepared and published by REI Superannuation Fund Pty Ltd ABN 68 056 044 770 RSE L0000314 AFSL. 240569. REI Super ABN 76 641 658 449 and RSE R1000412 MySuper unique identifier 76641658449129 for the general information of members of REI Super. It does not take into account any member’s individual financial objectives, financial situation or needs.

We recommend that you seek help from a licensed financial adviser before acting on any information contained in this newsletter. Although REI Super makes every reasonable effort to maintain current and accurate information, you should be aware that there is still the possibility of inadvertent errors and technical inaccuracies.

The REI Super Helpline and the REI Super website are provided by Mercer Outsourcing (Australia) Pty Ltd ABN 83 068 908 912 and Mercer Financial Advice (Australia) Pty Ltd (MFA) ABN 76 153 168 293, Australian Financial Services Licence (AFSL) #411766

Super Member profiles