Age 60 to 65 represents a couple of huge milestones for Australians. This five-year period is where the focus shifts from accumulating superannuation, to spending it.

At age 60, Aussies have reached their preservation age, where they can access their superannuation balance provided they stopped working.

Then at age 65 is the next important milestone, where all Aussies can access their superannuation provided regardless of whether they’re still earning an income or not elsewhere.

It makes sense, then, that at this age bracket, your superannuation balance will be front of mind. 

But do you know how it stacks up against others the same age?

Or how it compares to what you actually need to afford retirement?

Here’s a breakdown.

What’s the average superannuation balance of Australians aged 60-65?

There aren’t exact figures for the average balance for this age bracket, but there are some rough guides.

The Australian Prudential Regulation Authority (APRA) also tracks average super balances across age groups in Australia.

According to the latest APRA data, the average super balance for Aussies aged 60-64 is around $270,800. 

Those aged 65 would need to look at the next bracket up. For 65-29 year olds APRA estimates the average super balance to be $290,600.

APRA isn’t the only industry body to provide some super estimates though. The Association of Superannuation Funds of Australia (ASFA) also provides some estimated figures, and they’re a lot higher.

According to ASFA, the average male aged 60-64 has around $395,852 in the superannuation. The average female the same age has $313,360.

Again, 65 year olds would need to look at the bracket above. ASFA’s data shows the average 65-69 year old male has $448,518 saved in their superannuation. But females the same age have closer to $392,274.

How much does it compare to what I need to retire?

There’s no such thing as a “magic number” when it comes to your superannuation.

The amount you’ll need to fund your retirement depends on whether you’re single or part of a couple, whether or not you own your home, what lifestyle you expect to live, and any other savings you have.

But again, there are some rough guides to aim for.

ASFA data expects that a comfortable retirement will cost around $56,166 per year for individuals and $78,998 combined per year for couples.

To afford that, by age 67, a single person will need a superannuation balance of around $630,000. Meanwhile, couples will need closer to $730,000.

The data assumes you will earn a part Age Pension, and that you own your home outright.

Elsewhere, Super Consumers Australia forecasts that individuals will need up to $891,000 in their superannuation by age 65 in order to be able to retire with a high quality of life. Or $1.216 million for couples.

How does your balance compare to other Australians the same age? And how far away are you from your goal?

The post Average superannuation balance of Australians aged 60 to 65 in FY27. How does yours compare? appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The Ingenia Communities Ltd (ASX: INA) share price is in focus as the company provided an update on discussions with Warburg Pincus and progress towards a process deed, with due diligence now underway.

What did Ingenia Communities report?

• Ongoing negotiations with Warburg Pincus over a potential $5.25 per security acquisition proposal
• Comprehensive due diligence access granted to Warburg Pincus
• Ingenia continues to work towards implementation of its proposed Peet Limited acquisition
• No changes to previous scheme implementation deed with Peet Limited

What else do investors need to know?

Ingenia and Warburg Pincus have extended their timeline, aiming to agree on a process deed by 23 October 2026. In the interim, Warburg Pincus has been granted comprehensive access to Ingenia’s books for due diligence.

It’s important to note that Ingenia has not yet determined the Warburg Pincus proposal to be a “Bidder Superior Proposal” under its scheme implementation deed with Peet Limited. There is no certainty that Warburg Pincus will make a binding offer or that any transaction will result from these discussions.

Ingenia remains fully engaged with its obligations relating to the Peet acquisition and continues its day-to-day operations across its 96 communities and development sites.

What’s next for Ingenia Communities?

Ingenia and Warburg Pincus expect to finalise the process deed negotiations within days. Investors should be aware that there’s no requirement for action at this stage, as discussions are ongoing and no binding proposal has been received.

Looking ahead, Ingenia continues to focus on its growth strategy, including the integration of Peet Limited if the acquisition proceeds. The company’s broader aim remains providing quality affordable communities for seniors across Australia.

Ingenia Communities share price snapshot

Over the past 12 months, Ingenia shares have declined 21%, trailing the S&P/ASX 200 Index (ASX: XJO), which has declined 2% over the same period.

View Original Announcement

The post Ingenia Communities: Update on Warburg Pincus negotiations and Peet deal appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Corporate Travel Management Ltd (ASX: CTM) share price is in focus today as the company announced that IATA has released its $65 million security guarantee and restored CTM’s previous settlement arrangements, which is expected to boost working capital by around $30 million.

What did Corporate Travel Management report?

• IATA has released the company’s $65 million security guarantee
• Previous settlement cycles with IATA restored
• Temporary measures from December 2025 now lifted
• Working capital position anticipated to improve by approximately $30 million

What else do investors need to know?

The settlement and guarantee arrangements were put in place late last year while CTM’s financial statements for FY25 were being finalised. With IATA’s review complete, CTM returns to its regular settlement cycles, benefiting its liquidity position.

The company emphasised that there was no interruption to ticketing or client services during the period. This restoration reaffirms IATA’s confidence in CTM’s financial standing after a successful financial assessment.

What did Corporate Travel Management management say?

Managing Director and Group CEO Ana Pedersen said:

IATA’s decision is an important milestone for CTM, following the successful completion of its latest financial assessment of the Company.

We appreciate IATA’s timely completion of this process.

Importantly, throughout this period, we have continued to provide uninterrupted service to our clients, with no disruption to ticketing or travel arrangements.

What’s next for Corporate Travel Management?

Looking forward, the improved working capital position gives the company added flexibility to support operations and future growth. Management is committed to maintaining strong relationships with partners and delivering reliable service for clients.

Investors will be watching how the restored settlement cycles influence the company’s cash flows and whether this development enables further investment in strategic growth.

View Original Announcement

The post IATA releases $65m security guarantee for Corporate Travel Management appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Corporate Travel Management. The Motley Fool Australia has positions in and has recommended Corporate Travel Management. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.