Will people continue to work past the traditional retirement age
The same Actuaries Institute report states: It could be argued that Australias aged base rules encourage people to retire earlier than they may otherwise because: We currently have access to superannuation assets from age 55 moving to age 60...
The same Actuaries Institute report states: It could be argued that Australias aged base rules encourage people to retire earlier than they may otherwise because:
We currently have access to superannuation assets from age 55 moving to age 60 (Preservation Age);
The Disability Support Pension provides 0.5 million people above age 55 with an early age pension;
There is unlimited access to super benefits tax free from aged 60 although, it should be said that there is little evidence that retirees are moving significant assets on retirement; and
There is a specified Age Pension age (65 moving to 67) which does not suit everyone
