Superannuation is one way of saving for retirement. It is money that is set aside during your working life that becomes available when you're over 60 and stop working. The super fund looking after your money will invest your savings and the return of those investments will grow your super over time.
Get expert advice about how superannuation fits in your retirement plan and how you can ensure you won't run out of money when you retire.
Investing your money is one option to grow your retirement savings but you need to make sure your approach is right to help you build your nest egg. It's important to set clear goals and have a good understanding of what you're spending your money on.
You may have specific ideas about where you would like to invest your money, such as shares or property, but it's a good idea to engage a financial planner to help you understand the risks involved as well as making sure it's an option that suits your financial goals.
Aged care costs & fees
The amount you’ll pay for a place in an aged care home depends on a number of things, including the type of accommodation you need or have chosen. Aged care costs can be broken down into a number of different areas, including fees for your daily care, an accommodation payment, means tested fees and any additional fees if you're wanting extra services during your stay.
Some of these costs may change after moving into an aged care home so it's worth understanding what to expect over time and reviewing financials regularly.
Living in aged care
Moving into an aged care home will mean you'll have access to 24/7 support with access to all the care and services you need. Staff are generally friendly and outgoing and can be called on if you need any help.
Nursing homes offer many social aspects and activities such as exercise classes, arts and crafts, bingo, concerts and outings. You can choose to get involved in activities with other residents of the home, find a quiet spot to read or watch tv or stay in your own room to enjoy your own company. The choice of how you spend your time is yours.
Browse our collection of informative articles covering different topics around the cost of aged care.