Discover the answers to commonly asked questions regarding retirement.

How to upsize your super with a tax-free downsizer contribution

From age 55, you may be eligible to make a super contribution of up to $300,000 using the proceeds from the sale of your home. 


Make a withdrawal from your pension account

Before you make a withdrawal, it’s a good idea to chat to a financial adviser. You'll get a better understanding of how it could affect how much tax you pay – and any government benefits you may receive.

How much super do I need to retire in Australia?

The amount of super you need to support your retirement will depend on what kind of lifestyle you’re hoping to enjoy, and how much extra income you’ll be receiving. 

Benefits and concessions in retirement

Naturally, you want to be as comfortable as possible in your retirement years. As you move into this new life phase, it’s worth knowing about different types of available government support.

Retirement checklist – questions to ask yourself

While you’re still in the workforce, it’s a good idea to start thinking about when you want to retire. As a starting point, ask yourself the following seven questions.


FirstWrap - How to access your Centrelink schedule

There’s an easy way to view your Centrelink schedule. Simply log in to your online member portal.

Will my pension account affect the Age Pension?

When you apply for the Age Pension, your assets and income will be assessed by Centrelink. Your Colonial First State allocated pension will generally be included.


What is an account-based pension?

You can set up a Colonial First State allocated pension, which is a type of account-based pension. An account-based pension enables you to withdraw a regular income stream from the money you’ve accumulated in your super.

Ways to diversify your retirement income

Looking for ways you can earn income in your retirement years? For many Australians, this means investing in real estate, but there are also other approaches you might consider.

How will part-time work affect the Age Pension?

Working part-time once you reach Age Pension age can offer many benefits. However, any part-time earnings may also reduce the amount of Age Pension you receive. 

At what age can I qualify for the Age Pension?

You'll need to be from 65 to 67 years of age, depending on your birthdate. This is because the government is raising the age when you can qualify.

Will you get the Age Pension

The Age Pension is a regular fortnightly payment that you may receive from the government. If you’re eligible, it helps you meet your retirement income needs.

Useful tools


Budget Tool

If you’re planning your financial future, a great place to start is to understand where you are today.


Retirement Calculator

Quickly and easily estimate how much super you may have in retirement and how much you may need.


Find an adviser

Call us or talk to an adviser about your Super needs today.


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Things you should know

Avanteos Investments Limited ABN 20 096 259 979, AFSL 245531 (AIL) is the trustee of the Colonial First State FirstChoice Superannuation Trust ABN 26 458 298 557 and issuer of FirstChoice range of super and pension products. Colonial First State Investments Limited ABN 98 002 348 352, AFSL 232468 (CFSIL) is the responsible entity and issuer of products made available under FirstChoice Investments and FirstChoice Wholesale Investments.


Information on this webpage is provided by AIL and CFSIL. It may include general advice but does not consider your individual objectives, financial situation, needs or tax circumstances. You can find the target market determinations (TMD) for our financial products at which include a description of who a financial product might suit. You should read the relevant Product Disclosure Statement (PDS) and Financial Services Guide (FSG) carefully, assess whether the information is appropriate for you, and consider talking to a financial adviser before making an investment decision. You can get the PDS and FSG at or by calling us on 13 13 36.