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lynnbicego(I'm new)I'm new
13 Apr 2026

I retired from my permanent position as a classroom teacher with NSW education department in July 2025. I applied for a casual number and commenced casual teaching in August 2025 ( i think). I haven't amalgamated my Super future Saver and Transition to retirement accounts into a Retirement Income account as yet. I sought help from a financial advisor regarding starting my Retirement income account and was told that I couldn't do this until i had resigned from my casual teaching. I have been averaging 6 hours a week ( 1 day) in this casual position. When I looked up the conditions to satisfy in order to convert a retirement transition account into a standard retirement account it stated that i have to: 1. be permanently retired from work ( you don't intend to become gainfully employed for 10 or greater hours per week) OR 2. have ceased an employment arrangement since turning 60. I feel i have satisfied those 2 conditions so I don't understand the recommendation of the financial advisor that I need to resign from casual work before I convert to A retirement Income account. Are you able to clarify this for me please?

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2 replies
59 views
2 replies
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Conditions of release and creating Retirement income account | ATO Community