There are many things to consider when it comes to living well in retirement, breaking it down into these four areas can help to identify the possibilities.
These areas are interconnected and together they provide a holistic model to think more broadly about how you can help equip yourself for your next chapter.
Our team can help you understand your options, so you can make informed decisions that will have you living your best life in retirement.
Having enough to afford to live a meaningful life in retirement doesn’t mean you shouldn’t have a financial plan in place, nor does it mean that you completely understand retirement products and are ready to go it alone.
We have a wide range of tools, services and products that provide members with the ability to maximize their financial outcomes in retirement, helping you make sound decisions with confidence to ensure that you’re on the right path.
An Equip Super Retirement Income account can provide you with regular income payments to support you when you fully retire, and includes MyPension, a ready-made strategy for your retirement investments.
Thinking about retiring but not quite ready to give up work? An Equip Super Transition to Retirement Income account (TTR) allows you to cut back on your work hours, while also adding to – and drawing an income from – your super.
Social security, particularly the Age Pension, plays a large role in the lives of retirees. For many this will be the primary source of retirement income while for others it can act as financial security in the event their retirement savings are exhausted.
Depending on your financial circumstances you may be eligible for a variety of government benefits and subsidies.
Prevention, health maintenance and improvement, healthy eating and activity. Not just the absence of illness; it’s also about being safe, sheltered and in good health.
Physical and mental health is a determining factor for living well in retirement. Research shows that staying active and independent is crucial to enjoying your post-work years.
And being happy as well as maintaining our cognitive abilities is equally important.
We want our members ‘healthspans’ to match their ‘lifespans’.
360Health Virtual Care is an online healthcare service. Members can get confidential access to leading specialists and general practitioners.
It offers a suite of services including:
Forming positive and beneficial relationships with partners, children, family and neighbors within the community. Having a sense of belonging, communicating with other people and staying connected.
Social connections and positive family relationships play a major role in a fulfilling retirement. Conversely, many retirees worry about becoming more isolated as they get older.
Having a sense of belonging, communicating with other people, and staying connected boosts both our social wellbeing and our mental health.
Our members use their retirement as an opportunity to form new connections through volunteering, mentoring and taking on new hobbies or activities.
Volunteering is a great way to remain connected with your community, boost your social wellbeing and even have purpose in retirement. There are many ways and forms of volunteering, it could be through joining an organization or things such as providing coaching or training to others.
Joining a club or taking up a new hobby can be a great way to remain both physically and mentally active. Interacting with people helps improve your outlook and finding an activity that interests you can add purpose to your retirement. There are many options available for retirees and a great way to start is to think about what interests you and the level of commitment you’re willing to put in.
Ideas and options may include:
Experiencing a fulfilled retirement through giving (benefit of skills or experience to others), growing (trying new things or developing new skills) or enjoying (spending time doing what matters).
Happiness and longevity are intrinsically linked to a sense of purpose in retirement.
There are three main elements to purpose:
Giving - Finding ways to contribute to the community and put knowledge, skill and experience to work making a difference in the lives of others.
Growing - Trying new things, developing new abilities, meeting personal goals (intellectual, artistic, athletic) or deepening spirituality and sense of self.
Enjoying - Spending time alone or with family and friends doing things that provide meaning and pleasure such as recreation, hobbies, work, travel, entertainment and get-togethers.
Purpose is an individual thing, but most importantly we want our members to experience retirement as the next chapter of their journey through life.
A Transition to Retirement Income account gives you flexibility as you begin to move into retirement. You can potentially scale back your work hours, reduce your tax, and continue to grow your super, all while maintaining your income.
Open a Transition to Retirement Income account
A Retirement Income account can provide you with regular income payments to support you when you fully retire. You can team it with the Government's Age Pension (if you’re eligible), and tailor it to suit your retirement lifestyle.
Open a Retirement Income accountOur retirement specialists can answer the big retirement questions you might be too shy to ask (or even just the small ones). We can provide you with guidance and support regarding your retirement options, answer your retirement questions, or help you to set up a retirement account.
Call us on 1800 777 060 or book a time to speak to our team today.
Visit our Retirement Centre to learn more.
Have a general enquiry? Contact our Helpline.
Complete the form below and our team will be in touch
Do you know how much you will need to maintain your lifestyle in retirement? Use this calculator to help you plan for retirement.
Our calculators can help you plan for the future. Find out if your super is on track, how much you might need for retirement, how long it will last, and more.
Learn about super contributions, retirement, investing and more through interactive modules.
Learn about super contributions, retirement, investing and more through interactive modules.
