Working part time during your retirement has many benefits. These can include:

• cutting down on how much you need to withdraw from your super.
• growing your super balance to provide increased financial security.
• keeping your mind and body active and healthy.
• staying socially connected, and
• exploring other interests before retiring permanently.

Generally, people are living longer, and many are using part time work as a way to transition into retirement. People looking to work part time in retirement should consider the following:

• If you’re currently receiving a full or part Age Pension, you can work part time and earn up to $300 per fortnight without impacting your entitlements under the income test. It may still be worthwhile earning more than this, but you’ll need to consider the impact of any reduction in your Age Pension. To find out more, visit the Centrelink website.
• Working part time in retirement could enable retirees to put more money into the concessionally taxed super environment. For example, if you’re aged between 67 and 75 you can generally only contribute to super if you’ve worked at least 40 hours in a period of no more than 30 consecutive days (unless the work test exemption applies).
• If you’ve reached your preservation age and wish to work part time in retirement, you could consider using some of your super to commence a transition to retirement pension. The income you draw from this pension could help you to supplement your employment income and semi-retire without compromising your living standards.
• Thanks to rise of the gig economy there are many potential things you can do to supplement your income.