u/doronj

Hi everyone,

I have a question about my Australian Retirement Trust (ART) accounts.

At the moment I have:

• a Retirement (account-based pension) account, from which I withdraw a monthly income; and
• an Accumulation account.

I'd like to transfer more money from my accumulation account into retirement so I can increase my monthly pension payments. However, it appears I can't simply top up my existing retirement account.

So my questions are:

1. Can I open a second Retirement account while my current one remains active? If so, I could continue drawing from Retirement Account #1 while also starting withdrawals from Retirement Account #2.
2. Or do I need to close my existing Retirement account, transfer the balance back to accumulation, and then open a brand new Retirement account with the combined balance?

More generally, I'm wondering whether my current setup makes sense. Instead of repeatedly opening new Retirement accounts whenever I want to transfer more money from accumulation, would it be better to transfer almost all of my accumulation balance into a single new Retirement account (leaving, say, $7,000 in accumulation), and then simply vary my pension withdrawals from that one account as my needs change?

Am I thinking about this correctly, or am I missing something?

Thanks in advance for any advice.

Has anyone experienced this in the past years…. Introd to mech engineering … on the transcript received yesterday it shows the result eg. D or HD but no mark. We all received an email saying that there is no mark. Is that normal or we will get the mark later?

Thx

Has anyone transferred from uts to monash?

At UTS in Y1 double degree bach mech eng honors+bach science ( physics)…HD in sem1 for all 4 subjects. To transfer to Monash to same 5 yrs double degree. Did specs and methods in y12, pretty good at maths snd physics. So the Q is: will it be a much harder curriculum or marginally harder. For Ph.D the wam is quite important so will I find it difficult to maintain HD in monash dhen compared with UTS. Last Q: is it wort it overall? Thanks a lot

Hello there, my son is half the way through Y1 at UTS doing a double degree B.Eng( honours) mech engineering and BSci major Physics. He’s finishing sem1 wigh HD in all four subjects and plans to do very well too in Sem2. He would like to transfer to UNSW at the end of Y1 to do the same double degree (5 yrs). He believes that his double degree at UNSW is stronger than at UTS. Ph.D after that. My question is: do you know anyone who moved ftom uts to unsw and performed as well as he/she performed at uts? Or is it “significantly “ tougher in terms of strength of the courses and grades/marking. Does it matter at the end of the day? If you are at UTS and perform at the very top level is a move to unsw that much pf a better step? ( i tend to believe it is not). Would appreciate some honest opinions especially from those who went through this. Thanks