Retirement tips

Now you’re retired, it’s even more important to learn more about your super and how you can make the most of your retirement savings. We’re here to help you.

Tip: look at your retirement options

When you’ve reached your preservation age and decided to retire, you can choose what to do with your super. You could:

  • Leave your money in super and make lump-sum withdrawals from time to time
  • Open an allocated pension account to have a regular income stream with the option to make lump-sum withdrawals
  • Take your entire benefit as a cash lump sum

To find the right solution for your situation, you need to consider whether you’re likely to return to work and whether you’d like a regular income from your super.

Income options

Tip: choose an investment plan to match your goals

You’re probably looking for a regular, reliable income to fund your retirement. A conservative approach to investing will give you more certainty around how much you have in retirement savings, but it could limit how much your super could grow.

When you choose an investment plan, you might like to consider:

  • How long you might live after you retire
  • How long you want your retirement savings to last
  • How much risk you’re comfortable with

Find your investment personality and learn more about how to invest when you’re in retirement.

How to invest in retirement

Page last updated 28 April 2017