When you retire, there are a few options available to you regarding your super. What you choose to do will depend on your situation at retirement. So what are the different possible choices at retirement?
There are 4 broad scenarios that could apply:
1. You need to start drawing a regular income |
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2. You need to access a lump sumFor example, you might want to pay off your mortgage, buy a new car or help your kids out |
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3. A combination of needing a lump sum and drawing a regular income |
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4. None of the aboveFor example, you might be happy to live off your savings or other income such as rent from an investment property, or your spouse might have an income that you are both able to live off. If this is you, you might choose to leave your super where it is and not touch it for now. You don’t have to take your super as soon as you retire. |
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It’s time to choose your adventure. Look over the options listed above to see what your choices at retirement could be. Click on each coloured button to access more information about the different scenarios!
Once you’ve had a chance to check over the different options, you still might feel that chatting with an expert will give you a little peace of mind. If you want to speak to an expert about your options, make an appointment with our Member Services Team. They can run you through all the options. It allows you to make the most informed choice at retirement.