Income sources in retirement

Your income sources

Your retirement income can come from many sources including:

These income sources can be combined so your money lasts longer and you have a more comfortable retirement. It's worth remembering that one income source can have an impact on another. For example, if you decide to sell the family home, your age pension may be reduced or cut off.


Depending on your circumstances, you may want to seek financial advice to maximise your retirement income. For instance, if you have a substantial amount of super and want to invest some of it, a finance expert can help with investment options and tax advice. Don't take out your super before getting financial advice because there are tax implications.


For information on how your different income sources will affect your age pension, speak to a Department of Human Services' Financial Information Service (FIS) officer. FIS officers can also talk to you about taking control of your finances and help you plan for your retirement. Best of all, their services are free.

For more information visit: https://www.moneysmart.gov.au/superannuation-and-retirement/income-sources-in-retirement