your retirement options
It’s quite common these days for people to have what’s known as a ‘portfolio lifestyle’ where you flit between paid, volunteering and part time work during retirement.
And, some people find that they are not quite ready to give work up completely.
Options available to you include:
- postpone your retirement and continue working full-time
- work part-time
- volunteer your spare time
- give up work altogether.
It’s worth remembering:
- You can start drawing an income from a superannuation pension product once you reach preservation age (currently 55), regardless of whether you’re still working.
- While you’re under 75 your employer can continue contributing to your superannuation savings.
- While you’re under 75 you can make additional superannuation contributions, subject to a work test, and you may be eligible for government co-contributions.
It’s your retirement – which means you can choose how to spend it.
An
ipac financial adviser can help you work through these options and decide which option is the most financially attractive for you.