Submission – Treasury’s consultation on superannuation in retirement

SMC’s research confirms that retirement is no longer a single point in time; rather it’s become nonlinear, with many members moving in and out of the workforce, either choosing to carry on working in some capacity or being forced to do so due to lower levels of retirement savings.

This submission draws upon the latest data sources and member surveys to both correct misconceptions about Australia’s retirees and their consumption and make recommendations.