Planning ahead is key—especially when it comes to your retirement funds.
A recent study conducted by Colonial First State found that nearly half of Australian women (44%) feel unprepared for retirement, compared to just 13% of men. This gender gap highlights the need for women to take charge of their retirement savings and start planning as early as possible.
Let’s help you beat the statistics.
No matter what age or stage you’re at, the best time to start is now. At eairwoman, we’ve designed an app to help women take control of their retirement income with ease. With our superannuation calculator and personalised insights, you can track your progress and make informed decisions about your future.
Download the app today and start planning your ideal retirement.
When Do You Want to Retire?
Do you have an idea of when you want to retire?
Your retirement timeline plays a big role in shaping your superannuation and overall lifestyle. It can depend on your personal circumstances, wellbeing, finances and work situation.
Here’s a quick breakdown of key retirement milestones in Australia:
- Age 60: You can access your superannuation if you transition into retirement or meet the retirement criteria.
- Age 65: You can access your super while continuing to work.
- Age 67: You can apply for the Age Pension if you meet all eligibility criteria.
Understanding when and how you can access your super is an essential step in building a strong retirement plan. The Australian Taxation Office (ATO) provides more details on tax implications and contribution caps to help you maximise your savings.
- If you want to keep working, even at reduced hours, this can increase the longevity of your retirement savings. Job Switch allows you to look for part-time jobs or retrain.
- Once you reach the Preservation Age (currently 60), you can take out or add to your super for those transitioning into retirement while still working.
- If you get the age pension, you can receive a work bonus of up to $300 fortnightly from your work before there will be a decrease in your pension payments.
Retirement Planning Checklist – How to Prepare for Your Financial Future
Here are a few retirement planning tips to help you make sure you are retirement-ready.
Calculate Your Current Finances
How much income do you have? Your current finances and lifestyle will determine where you can afford to live and how much you can spend in retirement. You need to consider cutting down on your living costs, such as food, clothing and household goods, health and leisure, utilities, and more.
If you have a mortgage, you can take some of your super to pay it off or consider downsizing. For those who are renting, you may be able to get extra payments from Centrelink. If you need assistance with renting and retirement, you can reach out to the National Debt Helpline.
Know Your Super Balance
It’s important to consistently check your superannuation balance. Consolidating multiple accounts can help reduce fees and maximise your returns.
Set Your Retirement Goals
What does your ideal retirement look like? Do you want to travel, spend time with family members, or take up a new hobby? Setting clear financial goals will help determine how much you need to save.
Boost Your Super Contributions
If you have extra income, consider making voluntary contributions to your super. Even small additional payments can make a big difference over time due to compound interest.
Explore ‘What-If’ Scenarios with the eairwoman App
Life doesn’t always go according to plan. The eairwoman app lets you explore different scenarios, such as:
- How a career break could impact your superannuation fund.
- The effect of increasing your contributions over time.
- Adjusting your retirement age to see how it changes your savings.
By visualising these factors, you can make more informed choices about your future.
Retire Peacefully with the eairwoman App
At eairwoman, we believe planning for retirement should be stress-free, simple, and empowering. Our app is designed to give you:
- A clear snapshot of your super balance and future projections.
- Personalised insights to help you reach your retirement goals.
- A private, easy-to-use platform—no financial jargon, no unnecessary fees.
The earlier you start planning, the more options you’ll have for a comfortable and financially secure retirement.
Say Hello to Financial Freedom – Download the eairwoman App Today!
You deserve a retirement that reflects the life you’ve worked hard for. Whether you’re just getting started or looking for ways to optimise your super, the eairwoman app is here to guide you.
Start planning today—because your future self will thank you.
Download the eairwoman app today and say hello to a secure and comfortable retirement in your future.
Have questions? Contact us for support and guidance.