Retirement.

Aged pensions.

The Aged pension [Centrelink] is available for males who have reached the age of 65 and for females who have reached the age of 62.5 [currently being increased each year until it will be 65 as for males]
 more about aged pensions

Allocated pensions.

Allocated pensions can only be paid from superannuation money, there is no time frame as to how long the money needs to be in a Superannuation Fund. Theoretically you could contribute money to a fund today [if you are eligible] and commence to draw down a pension tomorrow.
 more about allocated pensions

Annuities - Lifetime.

The capital value of a Lifetime Annuity is not assessed by Centrelink as being an asset for calculation of aged pension entitlement.
 more about lifetime annuities

Term life complying pensions.

These pensions are taken after reaching aged pension age, for the term of your life expectancy, have no residual value.
 more about term life complying pensions

Retirement planning.

The two problems facing people today, who are facing retirement, are the total amount of superannuation they will be entitled to upon retirement and the level of expenditure they will incur in retirement.
 more about retirement planning