Transition to retirement
Rolling back to accumulation
While there are restrictions on cash commutations, benefits in a transition to retirement income stream can be commuted to roll over to another non-commutable income stream or back to the super accumulation phase; for example, if the person returns full-time to the workforce.
Benefits in complying non-commutable pensions and annuities (old lifetime, life expectancy and term allocated income streams) cannot be rolled back to accumulation after six months from commencement, but may be rolled over to directly purchase another complying income stream.
Last modified: Tuesday, May 2, 2017