Planning for retirement requires more than a few coins, but many in the arts sector have limited capacity to plan a comfortable retirement. Image: Shutterstock.
As of the beginning of this month (1 July 2023) if you were born after 1 January 1957, the age at which you can apply for the Australian Age Pension is now 67 and retire (marking an increase from those born earlier who can apply between 65 or 66-and-a-half years).
It is a year on from the State Pension age in the UK, which is currently 66 years old for both men and women. However, like Australia, it will start gradually increasing again from 6 May 2026. So what are the implications, looking forward?
ArtsHub's Arts Feature Writer Jo Pickup is based in Perth. An arts writer and manager, she has worked as a journalist and broadcaster for media such as the ABC, RTRFM and The West Australian newspaper, contributing media content and commentary on art, culture and design. She has also worked for arts organisations such as Fremantle Arts Centre, STRUT dance, and the Aboriginal Arts Centre Hub of WA, as well as being a sessional arts lecturer at The Western Australian Academy of Performing Arts (WAAPA).
