A TTR income stream is restricted to a yearly maximum pension payment of 10% of your TTR account balance. So, if you start a TTR pension with a balance of $100,000, the maximum you’ll be able to receive in pension payments during that financial year is $10,000.
This means you can’t make lump sum withdrawals from your TTR pension while you're still working.
In the first year of starting a TTR pension, the maximum limit is based on the balance you open your account with. The 1 July balance is used for TTR pensions opened in previous financial years.
A TTR pension enables you to create a plan around how many hours you still want to work, and how much you’d still like to earn.
Regular payments through a TTR pension allow you to work reduced hours without necessarily reducing your income. Your TTR pension can supplement the foregone income with periodic pension payments.
But you don’t need to work less to start a TTR income stream. You can also continue to work full-time and use it for its tax benefits.