How long can you work?

As long as you want should be the answer, but certain career paths still have use-by dates, believe it or not. So what exactly are the Australian Government rules on when you need to leave the workforce?

As long as you have a position available to you, when you stop working is up to you but you need to weigh up the financial, health and emotional benefits of keeping working. The health and emotional aspects can only be assessed by you as an individual but you should consider the following financial implications:

Currently, your employer is only liable to make guaranteed super contributions on your behalf until you reach 70 years of age. From 1 July 2013 the age limit will increase to 75, which may make working longer more appealing.

Work cover arrangements vary between states and territories and there is an upper age limit above which you will not be covered. If you plan on working past 65 years of age, you should consult with your employer whether or not you are covered.

You will remain eligible for the Work Bonus as long as you continue to have employment income. For more details on the Work Bonus, click YOURLifeChoices link.

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How long do you wish to work?

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