Retirement Age - It is used to calculate your (or both) contributions, to the retirement age for you (we assume that if a Spouse, they will also retire at this time) based upon both salary and super contributions, to this age/date. This age is used to calculate the tax rate inside super and pre-retirement tax is 15%, post retirement tax is 0% when in pension phase, i.e. retirement. So, this is the date we use when you (both if a Spouse) will take an income from your super.
*Age to retire cannot be below 55 or above age 70. Access to Super Benefits can't normally be accessed before age 55 or a person's preservation age, ranges from 55 to 60, depending on their date of birth.