How are you going to fund your life after you stop working?
You need to accumulate compulsory savings during your working life. It's called Superannuation.
Take this quick Superannuation Health Check
Do you have a Self Managed Super Fund (SMSF)?
Your superannuation is managed by a fund
Your superannuation is self managed
An SMSF is a legal entity that must abide by the requirements of the Superannuation Industry Supervision (SIS) Act, and comply with tax law. All SMSFs are regulated by the Australian Taxation Office (ATO). While this can sound intimidating, most SMSFs have two members, invest most of their portfolio in cash and Australian shares, and easily meet their compliance obligations. If your scenario is a little bit out of the ordinary, it is always best to seek advice from an SMSF specialist before proceeding.