Managing your retirement income

Managing your retirement income is about more than just drawing a regular pension payment. It involves deciding how and when to access your super, understanding how long your savings might need to last, and weighing up whether to use lump sums, annuities, or other income sources outside super. The right strategy can help reduce tax, improve Centrelink outcomes, and give you more flexibility and peace of mind.

There’s no one-size-fits-all approach, and your needs will likely change over time. Whether you’re already receiving an account-based pension, considering a deferred annuity, or looking to top up your balance with downsizer contributions, planning ahead can help you get the most from your super. This section explores practical ways to structure your income, make informed choices, and keep your retirement finances working for you.