Planning my retirement


We're all entitled to a happy retirement. For many of us this will mean travelling, discovering new hobbies, or spending extra time with family and friends. But will your super be enough to fund your plans for the future?

The key to making sure you have an enjoyable retirement is to take the time to plan ahead.
 

Put a plan in place


It's easy to put a plan in place for your super. Here are a few things you need to consider when planning for retirement:

When will you retire?

Plan when you will retire. The Australian Government and RBF's governing rules will determine when and in what form you can be paid your super benefit. This will give you an idea of how many years you have to focus on building your super.

Set goals

It's important to think about how much money you will need when you retire. You can then set super goals to help you achieve this. The amount you will need will depend on your retirement lifestyle and how much financial freedom you want. The ASFA Retirement Standard is a good place to start. The Retirement Standard benchmarks the annual budget needed by Australians to fund either a comfortable or modest standard of living in the post-work years.

My retirement options

Finally, you need to think about the type of benefit options that will suit your retirement lifestyle.

You will need to take into consideration a number of issues to determine how much you will need as a lump sum and how much you will need as an RBF Life Pension (if eligible) to fund the retirement lifestyle you have chosen.

You will need to give thought to whether you will need to fund 'one-off' expenses such as a new car or a holiday. If you intend to include such items in your retirement plan then you will need access to a lump sum.

 

Get involved


If you're looking for a worthwhile investment, look no further than yourself.

We understand you may need help to take control of your financial future. At RBF, you can find reliable retirement information. We offer services such as member interviews, workplace presentations, calculator tools and publications.

Contact us to make an appointment with one of our Superannuation Consultants. It's fee free, friendly and focused on you.

 

 

The trustee of the Retirement Benefits Fund (ABN 51 737 334 954) is the Superannuation Commission (ABN 93 598 914 092).

This website is provided by Mercer Outsourcing (Australia) Pty Ltd (MOAPL) ABN 83 068 908 912, Australian Financial Services Licence #411980 on behalf of the Superannuation Commission ("Trustee") ABN 93 598 914 092 as trustee for the Retirement Benefits Fund ("Fund"). The Fund comprises the Contributory Scheme, the Contributory Scheme CPA, the State Fire Commission Superannuation Scheme, the Tasmanian Ambulance Service Superannuation Scheme, the Parliamentary Superannuation Fund and the RBF Life Pension.

Information provided on, and available from, this site does not constitute financial or taxation advice. The information does not take into account the individual objectives, financial situation or needs of any individual and we recommend that you obtain investment and taxation advice specific to your investment objectives, financial situation and particular needs before making a financial decision.

You should seek independent financial and taxation advice to determine if an investment is appropriate to your individual circumstances.

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