What age can I retire in Australia?

You can retire at any age, but for most people the age at which they can access their super or the Centrelink Age Pension is the deciding factor. Other factors include super pensions being tax free once you pass 60 and the Centrelink Age Pension starting age which is rising towards 67.

If you're thinking about retirement, you've probably had a look at your super and are wondering how best to use it to make your retirement more comfortable. That's what it's there for - whether you use it to supplement the Centrelink Age Pension or to replace the pension completely.

Accessing your super

To see when you can retire and access your super pension, check the When Can I Access My Super calculator here.

A tip: If you were born after 1 July 1964, the answer is when you turn 60. Retirement Super Pensions are tax free for everyone from age 60.

Government pension age

The age at which you can access the Government Age Pension (if eligible) depends on when you were born.


Pension age

From 1 July 1952 to 31 December 1953

65 years and 6 months

From 1 January 1954 to 30 June 1955

66 years

1 July 1955 to 31 Dec 1956

66 years and 6 months

On or after 1 January 1957

67 years

Retirement ages for men and women

There is no difference in the official retirement age for men and women: the rules and ages are the same for both in Australia. ABS data shows men retiring at 59 on average and women retiring at 52 with a wide span from earliest to latest retirement ages.

Super options once you have retired

Once you've retired, you are probably no longer putting money into your super and can choose to do one of three things with your balance.

1. Do nothing and leave your money in super

You don’t have to do anything with your super once you’re retired. If you don’t need the money, you can leave it in your super to withdraw when needed.

2. Open a Retirement Super Pension account

You can put your super into an account to pay yourself an income. You can choose the amount and frequency. Investment earnings and payments are tax free once you meet a condition of release.

Find out more

3. Withdraw your super

Once you become eligible, you can withdraw part or all of your super. The decision to withdraw your super depends on your aims and circumstances. Please call us on 1800 222 071 between 8am and 8pm (AEST/AEDT) weekdays for more information.

Find out more

Not yet retired?

Consider contributing more to your super account

If you can afford to do so, there is still time to build your super and potentially benefit from concessional tax treatment available. This could mean that you could pay lower tax as a result of your contributions. Speak to one of our contribution specialists for more information. Call 1800 222 071 between 8am and 8pm (AEST/AEDT) weekdays.

Consider a Pre-retirement Super Pension

At TWUSUPER, a Transition to Retirement (TTR) strategy is implemented with the Pre-retirement Super Pension, which could help you reduce tax and increase your super before you retire. A TTR strategy aims to do one of the following:

  • provide some extra income if you reduce your hours (reducing tax and increasing super balance before retirement). This may help you if you want to reduce your work hours and top up your take-home pay.
  • provide yourself with extra income so that you can afford to make tax-effective super contributions.

You can dig deeper into TTR here. As it can be quite complex, you can also call us on 1800 222 071 for general advice about starting a TTR. There is no extra cost for this general advice.

Find out more

Speak with a retirement specialist

Instead of sifting through information to find out what's relevant to you, ask to speak to a retirement specialist. There's no extra cost to use this service. The team's available between 9am and 5pm (AEST/AEDT) on 1800 222 071

Use the form below to request a call back. Note that the call back service is available for Australian residents only. If you're overseas, please call +61 3 9192 4414.

Request a call back

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Easing into retirement?

Transition into retirement with a Pre-Retirement Super Pension.

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Fully retired?

Tax-free investment earnings and payments if you’re retired and over 60.

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Centrelink Age Pension

Could you combine your super and the Centrelink Age Pension?

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Retirement seminars

These are being conducted remotely via Zoom until further notice.

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Need help?

Our financial advisers* can help you understand how to prepare financially for retirement, how best to access your super and how to get the Centrelink Age Pension and other benefits. Call 1800 222 071 to find out more.

* The Trustee has engaged Industry Fund Services Limited (IFS) ABN 54 007 016 195, AFSL No 232514 to facilitate the provision of financial advice to members of TWUSUPER (Fund). Advice is provided by TWUSUPER financial advisers who are representatives of IFS. Fees may apply. Further information about the cost of advice is set out in IFS' Financial Services Guide, a copy of which can be obtained by calling 1800 222 071. IFS is responsible for any advice given to you by its representatives The cost of providing certain limited phone-based financial advice services is incorporated into the indirect fees that are applicable to all super accounts. Fees for comprehensive financial advice provided to you either over the phone or face-to-face are charged to you directly and will be set out in your Statement of Advice.

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