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Retirement income

Once you retire, or satisfy a condition of release, you can use your superannuation (perhaps supplemented by the government Age Pension) to provide a tax-effective, regular income.

  • Pre-retirement pension
    • Lets you access your super while still working
    • Offers some tax advantages
    • Gives flexibility while preparing for retirement
    • Learn more

  • Allocated pension
    • Provides a regular retirement income from your super
    • Lets you choose how much you want to receive
    • Allows lump sum withdrawals
    • Learn more
  • Annuities
    • Offer a regular income over an agreed period
    • Payments are guaranteed
    • Payments can be linked to increases in living costs
    • Learn more
  • Make an appointment with a Commonwealth Financial Planner to learn more

  • It provides a safety net for people who can’t fully fund their retirement
  • The amount you’ll receive depends on your income and assets, whether you are single and whether you have dependent children
  • Must be of ‘qualifying age’
  • Visit the Centrelink website for full eligibility details
  • It may be possible to organise your retirement finances so you qualify for a full or part Age Pension
  • Make an appointment with a Commonwealth Financial Planner to learn more

Keep reading

When to retire

Deciding to retire is a big decision. Making sure you stop work at the right time depends on a range of factors, including feeling ready to stop, health issues, your outside interests and when you can access your super.

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Estate planning

Estate planning is about much more than having an up-to-date will. A good estate plan will structure your estate so you can distribute your assets according to your wishes, protect your family’s interests and minimise tax.

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Transition to retirement strategies

In the years before you retire, you’re probably looking forward to having more time to do the things you enjoy, but many people are also concerned whether they have enough saved. 

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Related products

Protecting your lifestyle and the people you care about is important. We can help with life insurance that covers your needs and gives peace of mind.

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Our income protection policies can replace up to 75 per cent of your regular income if you’re unable to work due to illness or injury.

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We offer a range of superannuation products, from self-managed funds to investment opportunities.

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Important information


The information contained on this web page is of a factual nature only and is not intended to constitute financial product advice. It has been prepared by Commonwealth Financial Planning Limited without considering your individual objectives, financial situation or needs. You should consider its appropriateness in light of your circumstances and consider seeking professional advice relevant to your individual needs before making a decision based on this information. Commonwealth Financial Planners are Representatives or Authorised Representatives of Commonwealth Financial Planning Limited ABN 65 003 900 169, AFSL 231139, a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124.

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