Are you spending too much?

30 per cent of retirees are spending more than they had planned in retirement*

Overspending is not just an issue for younger people. It can be tempting to splurge on living the good life as soon as you retire. Even if you’re careful, you could find that as the cost of living rises, you funds don’t go as far as you’d planned. And if you’re relying on a lump sum, you may find it hard to make it stretch.

Create financial certainty in retirement

Keep budgeting: make sure you maintain a good understanding of what you’re spending versus your income. You can use the Association of Superannuation Funds of Australia (ASFA) Retirement Standard to give you a good idea of different levels of household budgets in retirement.^ 

Protect your income for life: you can safeguard your income over 10 years, 20 years or for life. This means you’ll have a guaranteed retirement income, so you won’t have to worry about living longer than expected. 

The best possible retirement means having real certainty around how much cash you have so you can plan ahead. 

Find out how you can save your retirement here.

Important information


* Investment Trends, Investment Trends October 2015 Retirement Income Report.

^ ASFA, ASFA Retirement Standard, September 2015.

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