Impact of private saving and longer careers on retirement incomes

Paper presented to the Eleventh Colloquium of Superannuation Researchers, University of New South Wales, 7-8 July 2003.

The level of income which people have available to them in retirement will be a key determinant of their retirement living standard. Most people’s income in retirement will be funded from a combination of superannuation assets, other private savings and a full or part-rate Age Pension. In combination with the taxation system, these income sources will endow retirees with a particular level of spending capacity.