Planning your retirement

It’s never too early or too late to plan for retirement. Here’s some things to think about.

How will you spend your time?

Whether it’s travelling, taking up new hobbies or simply spending more time with your friends and family – your lifestyle changes are going to bring some financial changes, too. If you know how you’re going to spend your retirement, you can plan for those changes.

How much money will you need?

Even with modest retirement plans, you’ll need money put away to meet daily expenses, as well as any unexpected medical costs and existing debts. With current life expectancies, your retirement income may need to last 20 years or longer.

Where will your money come from?

The Government Age Pension was created to cover basic living expenses only. While you may be eligible for the pension, you might want to think about using your super to top up these payments.

Dale’s story

When Dale’s family life changed suddenly, he came to us for help to understand his options. Watch Dale’s retirement planning story.

Dale’s story

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Planning now = a big difference later

We hold free retirement planning seminars Australia-wide. They’re designed to you help better understand your options so you can retire with more savings.

BOOK A RETIREMENT PLANNING SEMINAR

For more complex advice, our financial advisers* can help you understand all your options. We never pay financial advisers incentives, bonuses or commissions, so they’ll always put your best interests first. Your adviser can help you: 

  • budget and manage your money 
  • choose the right investment strategy 
  • plan for your retirement 
  • select insurance cover to protect you and your family 

We’re pleased to offer members their first face-to-face session with a financial adviser for free. 

Find an adviser

*The financial advice given to you will be provided under the Australian Financial Services Licence held by a third party and not by AustralianSuper Pty Ltd (AustralianSuper) and therefore is not the responsibility of AustralianSuper. With your approval a fee may be charged if a Statement of Advice is provided.

Transition to retirement

Once you’ve reached retirement age, you might be able to keep working part-time or take the opportunity to grow your super while paying less tax. A transition to retirement (TTR) strategy could be a great way to ease into retirement living. 

Transition to retirement

Transition to retirement

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What you can do right now

Super is the largest asset most people will ever own, after the family home. It’s your money, and we can help make sure you’re going to get the most out of it. 

  1. Consolidate your super

    If you have more than one super account, you could be paying more than one set of fees and eating into your savings. We can help you consolidate your super quickly online or over the phone. Find out how.

  2. Consider reducing your debt before you retire

    If you can focus on paying off your debts while you’re still working, you won't have to dip into your super when you retire. This means you’ll have more to live on, and you’ll pay less interest in the long run.

  3. Add to your super

    Making voluntary payments into your super now isn’t just helpful for your future. You could also start paying less tax overall right now. And the earlier you make additional payments to your super, the more it could grow over time. Find out how.

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