Retirement

There is no single official retirement age in Australia. Instead, two ages set by government rules shape when most people can afford to stop working: your superannuation preservation age, which is 60, and the Age Pension age, which is 67…

A self-funded retiree pays for their own retirement from superannuation, savings and investments rather than relying on the Age Pension. Being self-funded does not mean you miss out on all government support…

An inheritance is not counted as income under the Age Pension income test. It affects your pension through the assets test from the time you receive it, and through deeming once the money is invested. You must tell Centrelink within 14 days of getting any assets or income from a deceased estate…

You do not have to stop working to start drawing on your super. Once you reach age 60, a transition to retirement (TTR) pension allows you to receive regular payments from your super while you are still employed. People use a TTR pension for two very different reasons…

For many people, the idea of simplifying life, reducing maintenance, or freeing up finances can be very appealing. However, for some, the reality of downsizing does not always match the rosy picture. Let’s explore some of the downsizing outcomes people need to consider.

Let’s be honest, talking about inheritance isn’t something most families naturally gravitate towards. It brings up emotions around ageing, money, and the future, and it’s tempting to push it aside for “another day.” For many families, planning your inheritance is becoming a core part of broader financial wellbeing.

With 156,000 people retiring last year, retirement villages have become an increasingly popular choice for those looking to downsize. But what’s life really like in a village? This article will walk you through what to expect so you can decide whether it’s the right fit for you…

Retirement planning is one of the most important financial decisions you’ll ever make, and the earlier you start, the better. But what if you’re starting late? The good news: it’s never too late. Nearly two-thirds of Australians retire earlier than expected…

If our working years are the time we focus on building up our superannuation savings, then our retirement years are when we aim to make use of them. At least, that’s the goal for most Australians. This naturally leads to the question: How do I start accessing my super...

Retirement is one of life’s biggest transitions, and it deserves careful planning. Whether it’s just around the corner or still a few years away, taking time to review your financial strategy can help you feel confident about the future…

At this time of year, when giving is on our minds, many people may turn their attention to how best to share their wealth or an unexpected windfall with loved ones. You might be considering a lump sum to help with a major purchase or a business opportunity, or perhaps...

For many Australians approaching retirement, the idea of stopping work completely is becoming less appealing. Instead, the trend is shifting towards making work optional, giving those nearing retirement age the freedom to decide how much (or how little) they want to...