Transition to retirement
Retirement doesn't have to be achieved overnight. There are several strategies that allow you the flexibility to ease into retirement. Transition to retirement allows a person who has reached preservation age (the age when they can access their super) to start drawing down on it, even if they are still working, whilst at the same time making salary sacrifice contributions from their wages into super.
This may reduce the amount of income tax they have to pay while supplementing or increasing the amount of superannuation they have.
It could mean they work part-time for a few years before full retirement, without compromising their lifestyle.
Transition to retirement strategies aren't suitable for everyone; you should speak to a financial adviser and consider the tax and social security implications before implementing a transition to retirement strategy.