Most people don’t plan on working forever. And many who do, won’t be able to due to the frailty that comes with age.

So by choice or by necessity, at some stage most of us will need an income that is not linked to a job.

The age that most of us will have to wait till before receiving the Age Pension is 70 years old. If we want or need to stop working before that, we’ll need something other than the Age Pension.

Furthermore, the Age Pension fortnightly allowance is currently around 65% of the minimum full time wage. Just over a quarter the size of the average wage/salary.

So for most of us, we will either need to plan an income stream to fund our lifestyles between the time we finish work and the time we become eligible for the Age Pension, and also to supplement or replace the Age Pension once we’re eligible.

Click here to read more from our partner’s at Intrust Super.