a woman can receive income for life from an annuity and choose for her partner or adult child to continue receiving that income after she passes away. In a similar way | according to Australian Seniors. These commitments can impact women's careers and employment. The good news is | also known as a lifetime income stream. As the name suggests | but that need not mean a financial squeeze. In 2025 | elderly parents may choose a lifetime annuity to boost their retirement income. When they die | includes additional innovations. The LifeBooster feature provides flexibility to bring forward future investment returns. This can result in higher income in the earlier years | it can give women greater confidence to spend | it is a way to turn a lump sum of cash | it is an investment that pays a guaranteed income for life. Women aged 50 and older can invest in a lifetime annuity using non-super savings. Put simply | LifeIncome | lifetime annuities may receive concessional assets test treatment for Age Pension purposes. This can mean qualifying for payments that were not expected | looking after several generations | My Money | or increasing supplement entitlements. The result is that a lifetime annuity can provide regular income and greater financial confidence. This can allow a woman to focus more on her loved ones | plus another 15 hours looking after children | rather than worrying about their financial future. While lifetime annuities are not new | Sponsored | such as personal savings | supporting ageing parents while caring for children. According to Women's Agenda | the ABC reported that about 1.5 million Australians are part of the sandwich generation | these multi-generational carers tend to be women | they have evolved considerably in recent years. Today | when women may be more likely to lead an active lifestyle or still have adult children living at home. There are also potential Centrelink benefits. When caregivers reach age 67 | who can be left feeling stretched thin. These caregivers spend about 15 hours a week on unpaid care for ageing parents | Women are often in a care squeeze
The hidden money strain for women carers
By Laura Salsbury Published on June 1, 2026
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