Financial Standard Comments - Lift preservation age to 65, save $7bn annually Following successive government plans to lift the age at which retirees can access their age pension, policymakers are pushing ahead with proposals to lift the Preservation Age. https://www.financialstandard.com.au/feed/latest?story=51234834 Tue, 07 Jul 2015 16:39:18 +1000 Tue, 07 Jul 2015 16:39:18 +1000 en-AU Copyright 2026 Financial Standard 5 Comment by Akash Brahma (Westpac)

Preservation age of 60 needs to be retained. Individuals need to have options of transitioning into a semi-retirement lifestyle by partial access to their superannuation after this age.

Additionally consideration needs to be given to natural deterioration in health or a sudden change in employment status. A transitional retirement arrangement could keep an individual in the work-force for longer.

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]]> Akash Brahma (Westpac) Tue, 07 Jul 2015 16:39:18 +1000