When do Australians typically stop working?

As of 2025, the average retirement age in Australia is 67 for men and 65 for women, with a trend towards retiring later.

How can Graeme and Lynda Hallett afford their lifestyle?

They are combining Graeme's continued part-time work and super contributions with Lynda's part-pension and her superannuation.

What is a 'transition-to-retirement' income stream?

It's a superannuation product allowing limited income withdrawal while still working, helping to boost balances or ease into retirement.

Home / Business and Economy / Retirement: Changing Gears, Not Stopping

Retirement: Changing Gears, Not Stopping

20 Nov

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Summary

Retirement now involves blending work, pension, and super.
Timely financial advice reframed retirement expectations.
Australians are retiring later due to longer life expectancies.

Retirement: Changing Gears, Not Stopping

Retirement is no longer a simple cessation of work for many Australians; it's increasingly about transitioning by "changing gears." This shift involves a more nuanced approach to income management, blending continued employment, Age Pension benefits, and superannuation.

Individuals like Graeme and Lynda Hallett exemplify this new retirement landscape. After receiving unexpected clarity from financial advice regarding their superannuation balances, they were empowered to plan for a retirement that maintains their lifestyle. Graeme continues to work part-time while Lynda receives a part-pension, supplementing her super income.

This evolving retirement strategy addresses longer life expectancies and rising costs. By carefully combining work, pension, and super income streams, Australians can achieve financial security and meet their post-work aspirations, even with variable contribution histories.

Disclaimer: This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.