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Planning Retirement Income in Australia: Routes through the Maze

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  • M. E. Atkinson
  • John Creedy
  • D. M. Knox

Abstract

Individual retirees face a daunting task when they consider how best to invest their accumulated superannuation account and non‐superannuation savings. This article highlights the fact that there is rarely an obvious decision in this choice and that the optimal decision depends on a number of factors. These factors include the valuation criterion adopted, the level of benefits, the individual's income level, the means‐tests, the tax rates on income and superannuation benefits and the person's life expectancy. The optimal behaviour at retirement is significantly affected by the individual characteristics of relative lifetime earnings and post‐retirement rates of mortality.

Suggested Citation

  • M. E. Atkinson & John Creedy & D. M. Knox, 1995. "Planning Retirement Income in Australia: Routes through the Maze," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 28(4), pages 15-28, October.
    • Handle: RePEc:bla:ausecr:v:28:y:1995:i:4:p:15-28
    DOI: 10.1111/j.1467-8462.1995.tb00901.x
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    Cited by:

    1. M. Atkinson & John Creedy & David Knox, 1999. "Alternative Retirement Income Arrangements and Lifetime Income Inequality: Lessons From Australia," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 6(1), pages 103-117, February.
    2. Whelan, Stephen & Atalay, Kadir & Hayward, Richard Donald, 2018. "Asset portfolio retirement decisions: the role of the tax and transfer system," SocArXiv akj8w, Center for Open Science.
    3. Malcolm Edey & John Simon, 1996. "Australia's Retirement Income System: Implications for Saving and Capital Markets," NBER Working Papers 5799, National Bureau of Economic Research, Inc.
    4. Deborah A. Cobb‐Clark & Vincent A. Hildebrand, 2011. "Portfolio Allocation In The Face Of A Means‐Tested Public Pension," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 57(3), pages 536-560, September.
    5. eccleston, richard & Verdouw, Julia & Flanagan, Kathleen & Warren, Neil & Duncan, Alan & Ong, Rachel & Whelan, Stephen & Atalay, Kadir & Hayward, Richard Donald, 2018. "Pathways to housing tax reform," SocArXiv 8xrbe, Center for Open Science.
    6. M.E. Atkinson & John Creedy & D.M. Knox, 1996. "Alternative Retirement Income Strategies: A Cohort Analysis of Lifetime Redistribution," The Economic Record, The Economic Society of Australia, vol. 72(217), pages 97-106, June.

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