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Also known as super is money that’s been consistently set aside in a fund throughout your working years. The age at which you can access your funds depends on your preservation age, which is between  and  years old. Transition to Retirement It’s important to keep track of your super fund, especially in the years leading up to retirement. The amount you will have depends on a variety of factors, such as How much has been made in contributions and the salary you earn How long it’s been invested The type of investment option you’ve selected.

Amount of fees you’ve paid If you’re unsure about how to manage your super fund, engage a your super before retirement. Pension The Age Pension is a governmentfunded scheme that provides regular payments to help with living costs after retirement. Not everyone is entitled to USA WhatsApp Number List receive the Age Pension. To be eligible you must Be  years old or older Satisfy income and asset tests Meet citizenship and residency requirements The amount of money received on the Age Pension varies largely due to various lifestyle and financial circumstances. You can find out more about your eligibility here. . Planning for unforeseen circumstances Transition to Retirement Man Looking Over Woman’s.



Shoulder It’s important to plan for everything, since you will no longer be earning a fulltime income. While you may be daydreaming about travel and relaxation as you transition to retirement, it’s important not to forget the notsoexciting curve balls that life often throws at us. While you may be in good health when you initially retire, the truth of the matter is that this will most likely not always be the case. Make sure you have a contingency plan in place if things don’t go as planned. If yours or your partner’s health takes a turn for the worse, you need funds set aside for medical costs. And while you may have a retirement plan in place, unexpected costs may.