Search smh: Search in: Try to live without TTR while you can George Cochrane I AM 57, working full-time with a gross salary of $97,000 a year. I have been salary sacrificing the maximum amount allowable to superannuation (this has been reduced to $50,000 from this financial year) for the past few years and will retire in six or seven years' time. Last July, I commenced an annual transition to retirement (TTR) pension payable in June each year . The taxable and tax-free components are 70/30 respectively. Now I am not sure that a TTR is such a fantastic idea after all. First of all, I have to make the minimum withdrawal from the fund and I still have to pay tax on the taxable component even though I get the 15 per cent offset. Its earnings and capital gains might be tax-free but there is not much earning or capital gains in this economic climate. I am wondering whether I should roll the pension back to the accumulation phase and start it again when I turn 60. M.L. I agree, it is not a total gift from God! Of your $50,000 salary sacrifice, the first $17,000 a year of salary sacrifice reduces your personal taxable income from $97,000 to $80,000. This amount thus escapes the 40 per cent tax bracket with an overall tax saving of 25 per cent after the 15 per cent super tax, paid in the fund. The next $33,000 would fall into the 30 per