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Retirement income

8 Apr 2013

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

 

Total

Vote
ALP

Vote Lib

Vote Greens

Men

Women

Aged 18
-24

Aged 25
-34

Aged 35
-44

Aged 45
-54

Aged 55
-64

The Government age pension

27%

32%

24%

29%

25%

29%

9%

16%

27%

36%

42%

Your superannuation

34%

34%

37%

34%

38%

31%

51%

32%

33%

28%

38%

Other investments

20%

15%

24%

18%

21%

18%

20%

30%

20%

16%

8%

Other

2%

3%

2%

2%

1%

4%

3%

1%

1%

3%

4%

Don’t know

17%

16%

13%

17%

16%

17%

17%

20%

19%

16%

8%

* Based on respondents aged under 65.

34% of those aged under 65 believe that superannuation will be their main source of income in retirement. 27% think they will depend more on the age pension and 20% on other investments.

Men were more likely than women to think super would be their main source of income (38%/31%).

46% of those earning less than $1,000 pw think they will rely more on the age pension while 42% of those earning $1,000+ pw think their super will be their main form of income.

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