Retirement Income Guides
Accumulating super is only half the job. Once you retire, the focus shifts to converting your savings into income that lasts. These guides cover how Australian super works in the drawdown phase — from account-based pensions to the Age Pension, tax on withdrawals, and planning for longevity.
Drawdown Basics
- Account-Based Pension (ABP) Explained Australia — What an ABP is, minimum drawdown rates by age, tax treatment, and Age Pension interaction
- Minimum Super Drawdown Rates Australia — By Age — ATO minimum pension percentages by age group and why the rules exist
- Super Drawdown Calculator Australia — Estimate how long your super will last based on balance, spending, and return assumptions
Making Decisions
- Super Pension vs Lump Sum — Which Is Better? — Income stream vs lump sum: tax, Age Pension, and longevity compared
- How Much Super Do I Need to Retire Comfortably? — ASFA Retirement Standard figures for a comfortable vs modest retirement
- How to Make Your Super Last in Retirement — Longevity risk, drawdown strategies, and how the Age Pension acts as a buffer
Tax and Government Benefits
- Tax on Super Withdrawals in Retirement — What tax applies on withdrawals, by age and component
- Super and the Age Pension — How They Interact — Assets test, income test, and deeming on account-based pensions
Super Fund Obligations
- Retirement Income Covenant — What It Means for Your Super Fund — What APRA-regulated funds must provide to retirement-phase members from 1 July 2022
For advice tailored to your situation, speak with a licensed financial adviser. You can find one through the ASIC financial advisers register or MoneySmart.