unretiring

A growing number of Australians are ‘unretiring’, with 766,500 people aged 65 and over in the workforce. This number has more than doubled since the Australian Government started capturing data in 1978.¹

With many industries across Australia facing staff shortages, employers are eager to fill their vacancies and retirees are in demand.

The Australian HR Institute's 2025 survey found around two in five (41%) employers report being open to recruiting from jobseekers aged between 15 and 24 ''to a large extent''. And 28% of employers report being open to hiring those aged 65 and over "to a large extent''.²

If you’re a HESTA Retirement Income Stream member, you continue to receive tax-free income stream payments even if you decide to return to work. The retirement income stream is flexible, which means you can choose how much and how often you get paid (within government limits). 

There can be a number of financial implications to explore if you’re considering returning to work:

• if you’re receiving the Age Pension, you’ll need to let Centrelink know about any additional income within 14 days. Under the Work Bonus, eligible pensioners can earn up to $300 a fortnight without reducing their pension
• if you’re receiving an income from your super, you can switch part or all of your income stream account back into the accumulation phase. It’s important to know that this will have tax implications
• you could also keep your super in the income stream phase to supplement your income and open a new super account for your employer contributions.

There can be other costs to consider before putting your hand up for a new job:

• don’t forget to factor in things like petrol and vehicle maintenance, or public transport and buying your lunch
• and if you’re caring for someone, you may need to hire a carer while you’re at work.

Talk to one of our dedicated super experts before you decide to restart work. They can help you understand the implications of returning to work and explain your retirement income options.

Request a call back with a super expert >

^{This information is of a general nature. It does not take into account your objectives, financial situation or specific needs so you should look at your own financial position and requirements before making a decision. You may wish to consult an adviser when doing this.}

^{Information about the Age Pension is general information only and is based on HESTA's understanding of social security legislation as at November 2026. It is not intended as personal Centerlink advice.}

¹ As at 2025. Source: Australian Institute of Welfare, 2025 report (PDF)
² Source: The Australian HR Institute, 2025 report