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But Ms Lowe is still sceptical. Advertisement Loading “You really have to see the breakdown of where it actually goes – will it go to training people up to be really competent at looking after the elderly?” Ms Lowe retired a few years ago but went back to work casually last year. She has a small amount of superannuation and counts herself lucky as a single woman to own her own home. When she finally retires, she knows she will have to tighten her purse strings. Ms Lowe said she was disappointed the aged pension did not receive a budget boost.

Advertisement Gladesville resident Sofia McCarthy, 29, fears that using her superannuation contributions to buy her dream home - as Tuesday’s federal budget will allow - is too great a risk. “We are very cautious when it comes to using our super and would prefer to try and retain it,” said Ms McCarthy, who worries she would then have insufficient super to support herself and her family later in life. Sofia McCarthy and Dave Catterall prefer to hang on to their super. Credit:Nick Moir As part of its 2021-22 budget, the federal government has raised the First Home Super Saver Sch...