Retiring before pension age
Retiring before Age Pension age in Australia.
The years between stopping work and possible Age Pension support can be the pressure point.
The bridge years need their own view
If work stops at 63, 64, 65 or 66, employer contributions may stop before Age Pension age. The report should make those years visible rather than hiding them inside a single lifetime total.
- Work income may stop before pension support starts.
- Super may keep growing through investment returns.
- Drawdowns may not be needed until a nominated draw age.
- Couples can have different retirement ages and pension ages.