The Federal Budget 2021-22 included good news for super members. Find out what it could mean for you.
What is ‘retirement age’?
There is no fixed retirement age in Australia, however people often choose to retire when they are eligible to apply for the Age Pension. In 2021, the Age Pension age is 66 years, and it is set to rise to 66.5 years on 1 July 2021, and continue to increase incrementally to age 67 by 1 July 2023.
To learn more about accessing your superannuation visit the ATO’s website.