The Essential Report Archive Read the latest report

Main source of retirement income

8 Apr 2015

Q. After you reach retirement age, what do you expect will be your main source of income?

  Total   Men Women Aged 18-34 Aged 35-54 Aged 55+   Dec 2013
The Government age pension 25% 24% 27% 15% 28% 42% 27%
Your superannuation 39% 39% 39% 44% 33% 40% 43%
Other investments 15% 20% 10% 17% 16% 11% 15%
Other 2% 2% 2% 1% 2% 5% 2%
Don’t know 19% 16% 23% 23% 22% 2% 12%

39% expect their superannuation will be their main form of income after retirement and 25% will mainly rely in the age pension. 42% of those aged 55+ expect to rely on the age pension compared to 15% of those aged 18-34.

Of those on higher incomes ($1,600+ pw), only 13% expect to rely on the age pension – 49% expect superannuation to be their main source of income and 20% said they would rely on other investments.

The main change since this question was asked in December 2013 was that those who “don’t know” has increased from 12% to 19%.

Error: