Living in retirement
Now that you're retired, it's time to enjoy the life you've worked hard to achieve - and that means letting your super do the work for you.
How you drawdown on your super might change during your retirement period, and you can easily manage your income from your super as your plans or circumstances change.
Replace your salary with your super
When you retire, you can turn your super into a tax-effective income stream with an Retirement Income (RI) Allocated Pension account.
You can get paid your super in regular pension payments and have the flexibility to make lump-sum withdrawals.
If you’re over 60, it’s tax free - so it’s easy to fund your retirement lifestyle.
Managing your income
Your income in retirement may come from more than one source, including super, the Age Pension and other investments.
Changing circumstances
As your circumstances or needs change, you can manage your super payments, nominate or change beneficiaries and more.
Living your best retirement
For some, enjoying retirement may come down to financial security - but there are many things that can make retirement more rewarding.
According to research, as well as the financial aspects, living well in retirement is also about:
- How you spend your time
- The people you share it with
- Maintaining a sense of purpose as you get older
Cost of living in retirement
Find out how much research suggests you might need in retirement and compare the expected lifestyles and budgets for a comfortable, modest and Age Pension-reliant retirement.
How the Age Pension works
The Age Pension is designed as a back-up if you don’t have enough savings from super or other investments. It works in conjunction with super.
Thank you for printing this page. Remember to come back to gesb.wa.gov.au for the latest information as our content is updated regularly. This information is correct as at 18 June 2026.