Funding retirement
Q. How will you mainly fund your retirement – or if you are already retired, how are you currently mainly funding your retirement?
|
Total |
Men |
Women |
Aged 18-34 |
Aged 35-54 |
Aged 55+ |
||
|
My superannuation |
46% |
54% |
39% |
58% |
45% |
35% |
|
|
My partner’s superannuation |
5% |
2% |
8% |
3% |
7% |
4% |
|
|
My savings and investments |
16% |
17% |
15% |
23% |
17% |
7% |
|
|
My partner’s savings and investments |
2% |
1% |
3% |
3% |
1% |
1% |
|
|
Government Pension |
26% |
22% |
31% |
8% |
25% |
50% |
|
|
Other |
4% |
5% |
4% |
6% |
5% |
3% |
46% say they will mainly fund (or are funding) their retirement through their superannuation and 26% mainly through the Government pension. 50% of those aged 55+ will rely mainly on the Government pension compared to only 8% of those aged 18-34.
Women are more likely to rely on the Government pension (31%) and less likely to rely on their superannuation (39%). 54% of men will mainly rely on their superannuation. 11% of women say they will rely on their partner’s super or investments.
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