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%.