Superannuation is a way to help you put aside money for your retirement. To ensure that your super savings are only used for this purpose, there are regulations in place that restrict access to money until you are at least 55 years old.
BlueSky's guide to Accessing Your Super.
Overnight market action
- US stocks fell with investors too worried about high gas prices and stagnant employment to be impressed by higher consumer spending. The Dow Jones industrial average closed down 106.77 points, or 0.8 per cent, to 13,000.71. The Standard & Poor's 500 fell 11.01 points, or 0.8 per cent, to 1,399.48.
- European stocks tumbled on downbeat eurozone business and consumer confidence and as expectations dimmed that US Federal Reserve chairman Ben Bernanke will signal fresh economic stimulus.
- US stocks finished slightly higher Wednesday as investors calibrated two positive readings on the U.S. economy against hopes for more help from the Federal Reserve. The Dow Jones Industrial Average edged up 4.49 points, or 0.03%, to 13107.48 for its first gain in three days.
- The Standard & Poor's 500-stock index added 1.19 points, or 0.08%, to 1410.49. European stock markets ended a volatile Wednesday trading session on a downbeat note, with banks and miners leading declines, although well-received U.S. economic growth data had briefly sent stocks into positive territory.
The rules and regulations surrounding aged care accommodation in nursing homes, hostels and retirement villages are extremely complex. You need an expert to help you plan your finances. You need to be sure you have adequate income to meet the substantial number of different expenses involved in your stay. Of course you need to be confident that you are not missing out on social security benefits. You also need to be careful to ensure that the costs of your care are kept to a minimum.
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