I recently wrote an article based titled What Age Can You Retire. The general concept or definition of retirement is no different between men and women. Therefore, the retirement age for women is the same as the retirement age for men.

So what is the retirement age?

Well, I define retirement as the ability to cover living expenses with passive income. Passive income being income that does not require personal exertion. This may include income such as bank interest, share dividends, rental income, pension income, etc. As you can see, most of this income can be received regardless of your age. Therefore, depending on the income that your investments generate and the level of your living expenses, you have the ability to retire at any age.

Retirement Age for Women – Superannuation

Superannuation is a tax structure that allows you to save for your retirement in a tax effective manner. However, if you decide to take advantage of these tax concessions, you are unable to access your savings until you meet a certain age. So, think about this before committing funds into super.

The retirement rules for women in relation to superannuation has a few different levels. It can range between 55 – 60 (depending on your date of birth) if you are permanently retired or are still working, but would like limited access to your savings. Otherwise, it is generally age 65. If you have attained age 65, you generally have full, unlimited access to your superannuation savings – irrelevant of whether you are working or not.

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Are you looking for more detailed information regarding this? Then check out this article on Accessing Superannuation. I am sure it will answer most of questions. If not, leave a comment at the bottom of this post .

Retirement Age for Women – Centrelink Age Pension

The Centrelink Age Pension – sometimes wrongly referred to as the Old Age Pension! (I think ‘Older Age Pension’ or ‘Mature Age Pension’ is more appropriate. Matter of fact, if it was up to me, I would call it the ‘I’ve worked my butt of for the past 45 years’ Pension)….. Anyway, the Centrelink Age Pension is a social security benefit paid to Australians who meet certain age and residency requirements.

Retirement Age for Women

The age that women are eligible for the Age Pension ranges between 64 and a half and 67, depending on when you were born.

Are you looking for more detailed information regarding this? Then check out this article on What Age Can You Retire in Australia and see the table at the bottom of the article. This details the qualifying age for the Age Pension.

If you would like anything clarified or have any further questions about Retirement Age for Women or any other topics, please do not hesitate to leave a comment.

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Chris Strano

Chris Strano is a specialist independent superannuation author for SuperGuy.com.au - one of Australia's leading superannuation information resources.

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