Retirement? It doesn’t have to be permanent.
Sometimes getting into the rhythm of retirement comes with a surprising discovery. You might find that you’re not quite ready for such a different change in tempo. Or perhaps the cost of living on fixed income might cause concerns about how long your super will last – and you may want to save more before retiring.
Whatever your reasons, retirement doesn’t have to be permanent. Even if you’ve accessed your super, it’s relatively easy to ‘unretire’. And you’ll be in good company – with a growing number of older Australians choosing to work.
If you return to a job you enjoy, it can be a win for you – by keeping active and boosting your bank balance.
What is unretiring?
Unretiring is when you return to full-time work, part-time work, or work flexibly after officially retiring. If you work at least ten hours a week and are compensated financially, congratulations! You’re officially back in the workforce.
Put your skills to work again, or learn new ones
Going back to work offers you more ways to share your talents, feel satisfied with life, and grow your super, with more employers open to hiring people 65 years and older.
While there might be a stigma around ageism, employers see advantages to employing and retaining older workers.
If you're still feeling hesitant, consider this: one of the main reasons hiring managers don't employ more older workers is simply because not enough are applying. So don’t let your age put you off. An age-diverse workforce makes good business sense, where one generation can pass on their knowledge to the next.
Going back to work
If you’re thinking about returning to work, there are a few things to consider:
- It might affect your eligibility for the Age pension
- If you closed your super account, you’ll need to open a new one
- You can still receive payments from your Retirement Income account
- There might be tax implications
You can read more on-site about Returning to work after retiring and how we can help you.
