Financial Issues with Retiring Later
... Some do this only for financial benefits and do not wish to quit work. ... People retiring later will take a large amount of pressure off the ageing population support. ... There are many reasons for taking the route of retiring later. ... Mr Barker agrees that the ageing population is a social and financial issue that needs to be addressed now before its too late. He also agrees and believes that allowing people to retire later while still receiving superannuation will improve the situation. ... We will not have enough financial support and all Australians residents may have to pay more tax. Fortunately with the new system some financial benefits may be obtained in order to make the aged population just another challenge that Australia needs to see through.