Working in retirement

'Working in retirement' covers the different scenarios that prospective Australian retirees may face when considering retirement.

An increasing number of retirees are combining part-time work and taking a superannuation pension, and possibly also receiving a part Age pension. Retirement is a fluid concept that may or may not involve ceasing full-time work.


If you're under the age of 65 and wanting to access super benefits, then 'retirement' generally involves ceasing full-time employment and making a retirement declaration, unless you intend to start a transition-to-retirement pension or you have unrestricted non-preserved super benefits. If you're under 65 and you decide to retire, then you can still return to work if your circumstances change, or you genuinely change your mind. If you're under the age of 65, then you can make super contributions whether you're fully retired, working part-time or working full-time.

If you're aged 65 or over, then you don't have to retire to access your super benefits (in nearly all cases). If you're aged 65 or over, then you must satisfy a work test if you wish to contribute to a super fund.

Set out below are all SuperGuide articles explaining Working in retirement.

Cashing in on the co-contribution rules (2015/2016 year)

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Note: This article explains the co-contribution rules for the 2015/2016 year (and later in the article, also for the 2014/2015, 2013/2014, 2012/2013 and 2011/2012 years). The federal government is giving away money to anyone who makes a non-concessional (after-tax) contribution to their super … [Read more...]

Super concessional contributions: 2015/2016 survival guide

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Superannuation contributions can be divided into two types — concessional (before-tax) and non-concessional (after-tax). Each type of super contribution is subject to a contributions cap. A contributions cap sets a limit on the amount of contributions you can make in any one year. This article … [Read more...]

Your 2015/2016 guide to non-concessional (after-tax) contributions

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Non-concessional superannuation contributions are more popularly known as after-tax contributions. You may even hear them called ‘undeducted’ contributions. Such super contributions are subject to a contributions cap, which sets a limit on the amount of non-concessional (after-tax) contributions … [Read more...]

TRIPs: 10 interesting facts about transition-to-retirement pensions

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Note: The general concessional contributions cap remains at $30,000 (for the 2015/2016 year, and also applies for the 2014/2015 year). The special $35,000 cap for over-50s continues to apply for the 2015/2016 year (or more specifically, to anyone who is aged 49 years or over on 30 June 2015). If … [Read more...]

Bring-forward rule: 10 facts you should know

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I receive a lot of questions from readers seeking information about how the non-concessional (after-tax) rules work; in particular, how the bring-forward rules works. The bring-forward rule works over a 3-year period so it is very important that you keep track of the size and timing of any … [Read more...]

Super contributions: Beef up using a bring forward

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Q: Under the 2-year bring-forward of non-concessional contributions, if a person makes an after-tax contribution of $180,001 when age 64 during the 2014/2015 year, can he continue to contribute the balance of the $540,000 anytime during the next 2 years without having to satisfy the work … [Read more...]

Turning 65: Maxing out the after-tax contributions cap

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Q: If you turn 65 and retire after 1 July 2015, can you still make the $540,000 bring-forward non-concessional contribution as long as you make the contribution before 30 June 2016? Or do you have to satisfy the work test to do so? Answer: For the benefit of other readers, I’ll first explain the … [Read more...]

Super contributions: Turning 65 part-way through the year

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Q: I turn 65 in January 2016. So I will be 64 years of age for a large part of the 2015/2016 financial year, but of course I turn 65 during the 2015/2016 financial year, that is, in January 2016. My understanding is that because I will be under 65 for part of the 2015/2016 financial year then I can … [Read more...]