Retirement, pensions and superannuation

Retirement calculations

Planning for retirement

Help secure your future by planning for your retirement. Seek expert advice, work out how much money/income you need to retire comfortably and see what government assistance, including a pension, you might be entitled to.

A step-by-step retirement guide is available from the Australian Securities and Investment Commission (ASIC). It includes a:

Valuable information on investing for retirement is provided by the Australian Government Department of Social Services.  Centrelink's financial and lifestyle seminars can assist you with planning. You can use this free and independent service even if you're not getting a Centrelink payment:

  • phone Centrelink's financial information service on 13 23 00
  • for information in other languages phone 13 12 02.

Unplanned or postponed retirement

Centrelink can give you advice, information and services if you are retrenched, whether you're seeking new work or planning an early retirement.

Centrelink can also advise you about postponing your retirement and continuing to work after  retirement age. The pension bonus scheme can provide a tax-free lump sum to people who defer claiming the age pension and continue to work.

Pension entitlements

Superannuation schemes

Superannuation funds are savings schemes designed to provide you with an income when you retire. Funds are run by trustees who are responsible for investing your money with reasonable care and diligence. Complying superannuation funds must follow Australian government rules designed to ensure all superannuation is properly managed.

Understand how superannuation works, what types there are, what choices you have, your retirement benefits and the rules for employer and personal contributions. Get facts, tips and safety advice and find out about the federal super co-contribution.

The Australian Taxation Office (ATO) assists by:

Making a complaint

Information on how to make a complaint about superannuation, credit card, insurance policy or other financial services can be found on the ASIC website. You can also phone ASIC on 1300 300 630.

Related information

On this site

Financial advice and counselling

Other websites

Your finances - myagedcare
Money and work - Seniors Information Service
Retirement planning - YOURLifeChoices
You and your shares - Australian Taxation Office

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Page last updated: 14 April 2016