Retirement

Retirement is a big term that covers retirement planning, taking a pension, working in retirement, how much money is enough and more. The term ‘retirement’ also has a special meaning for when you can access your superannuation benefits.

Set out below are all SuperGuide articles explaining Retirement.

Parental leave policy dilutes franking credits on dividends   Super Guide

SMSF trustees and other direct share investors, and all members of large super funds, will indirectly help finance the government’s proposed parental leave policy.

Age Pension age increasing to 70 years (updated table)   Super Guide

In May 2014, the federal treasurer Joe Hockey announced that the Age Pension age will increase to age 70 by year 2035, and confirmed this fact in the 2014 Federal Budget.

A comfortable retirement: How much super is enough? (updated figures)   Super Guide

So, the big question is: how much money do you really need for your retirement? Lifestyle is a very personal thing —luxury living for one person is a modest existence for someone else.

Setting a retirement target: Living on more than $58,000 a year (updated figures)   Super Guide

The most popular question about superannuation and retirement planning is, without doubt: How much money is enough?

Financial freedom: Retirement planning in six steps   Super Guide

How much money do you need in retirement to live a lifestyle free of everyday money worries? For many Australians, this means a lifestyle where you can pay your bills without financial stress, you can enjoy an occasional holiday (or many!), you can maintain your car and house, and you can buy gifts for your children, grandchildren and friends.

Super for beginners, part 8: What happens to my super benefits when I retire?   Super Guide

Q: I have a superannuation fund accumulating (although I am no longer making super contributions). I am 52 and I intend retiring at age 60.

Retiring before the age of 60: the tax deal   Super Guide

If you retire before the age of 60, your super benefits are likely to be subject to tax — but not always. With the right structure, and usually with expert advice, many Australians retiring early can end up paying no tax.

Q: I turned 60 this year and I have been sick since late last year. I am wondering if you can tell me what kind of tax I have to pay if I take my super payment. I haven’t been to work since the start of December 2013.

Tax free super for over 60s, except for some   Super Guide

If you withdraw your super benefits after you turn 60 years of age, you can expect to pay no tax on those super benefits, unless you are a member of certain public sector super funds (see summary table at the end of this article).

Accessing super early: 14 legal reasons to cash your super   Super Guide

Many Australians are facing hard times, especially with structural change transforming our economy. The harsh reality is that mortgage repayments and everyday living expenses continue even when you when suffer redundancy, illness or other forms of misfortune.