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kaz10(I'm new)I'm new
11 Nov 2024

I am 62 and retired from full-time work in September 2024. I am now returning to work part-time (2 days a week). I want to convert some of my superannuation to an income stream. As I am returning to work do I need to choose a Transition to Retirement option or can I chose the Fully Retired option since I did meet the conditions of release by officially retiring 2 months ago?


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Bruce4Tax(Taxicorn)Taxicorn
11 Nov 2024

You need to notify the super fund that you ceased a position of employment after age 60.


Then an ABP can be started with the unpreserved balance.


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Most helpful reply

Bruce4Tax(Taxicorn)Taxicorn
11 Nov 2024

You need to notify the super fund that you ceased a position of employment after age 60.


Then an ABP can be started with the unpreserved balance.


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Do I choose TTR or retirement income stream? | ATO Community