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2026-09-01 18:08 UTC → 2026-09-09 19:42 UTC ·
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Research from the Association of Superannuation Funds of Australia (ASFA) shows a trend toward increased self-sufficiency in retirement for Australians. The proportion of people over 65 receiving a Centrelink pension has decreased from 70 per cent in 2012 to 56 per cent. For those aged 60 to 64, average superannuation balances have reached $371,379, with men averaging $413,700 and women averaging $327,440. As these superannuation trends evolve, retirees Retirees in both Australia and the United Kingdom are navigating continue to navigate shifting financial landscapes. In the UK, more than one million pensioners are paying income tax at rates of 40% or higher, a figure that has more than doubled since the 2021/22 tax year due to year. This trend is driven by fiscal drag and drag—where frozen tax thresholds meet rising pension incomes from the triple lock policy. policy—and is compounded by government changes to benefits such as Winter Fuel Payments and the Warm Home Discount. In Australia, research from the Association of Superannuation Funds of Australia (ASFA) shows a trend toward increased self-sufficiency. The proportion of people over 65 receiving a Centrelink pension has decreased from 70% in 2012 to 56%. While Australian average superannuation balances are rising, for those aged 60 to 64 have reached $371,379, concerns remain persist regarding retirement readiness among women and small-business owners. Recent data highlights widespread anxiety among Australians regarding the adequacy of their superannuation, with many fearing they may run out of cash. To combat this, experts suggest utilizing superannuation for passive income due to its favorable tax treatment, which can be as low as 0% during retirement. To meet specific annual income goals, some investors are looking toward ASX shares and sustainable dividend yields from companies such as Telstra Group Ltd or Aurizon Holdings Ltd, rather than chasing high immediate yields.