Retirement
Alternative labels
Retirees
Audio
Australians' super savings may be bigger than thought, report finds
New research suggests older Australians may be heading into retirement with a much bigger nest egg than commonly thought. The report, by investment management firm Challenger, finds average household super wealth for those nearing retirement is close to $500,000. Given we're also living longer than ever before, it raises questions about how to manage that...
Report
Security in retirement: the impact of housing and key critical life events
The proportion of aged persons in Australia is set to increase significantly, posing many challenges. Amongst these is the growing number of households who lack housing security in retirement. The Age Pension in Australia is set at a comparatively low rate compared to other developed countries, reflecting an historical period when home ownership rates were...
Working paper
Who starts a self-managed superannuation fund and why?
Self-managed superannuation funds (SMSFs) – small retirement savings funds with four or fewer members – now manage almost one third of retirement savings in Australia, and serve over one million members. The number of SMSFs has increased to more than half a million in two decades. Yet little is known about the reasons people start...
Working paper
Experiences of current and former members of self-managed superannuation funds
The number of self-managed superannuation funds (SMSFs) has grown at more than 5% p.a. over the past five years. The net growth rate consists of 7% new SMSFs and 2% closures. More than 570,000 SMSFs now serve over one million members but little is known about the experiences of members. We survey 854 current and...
Report
The household, income and labour dynamics in Australia survey: selected findings from waves 1 to 14
Commenced in 2001, the Household, Income and Labour Dynamics in Australia (HILDA) Survey is a nationally representative longitudinal study of Australian households. The study is funded by the Australian Government Department of Social Services (DSS; previously Families, Housing, Community Services and Indigenous Affairs) and is managed by the Melbourne Institute of Applied Economic and Social...