There are three broad definitions. Have a look and then, if you would like to investigate your options, contact us, using the options ate the bottom of this page.
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Comfortable retirement |
Modest retirement |
Age Pension |
|
Replace kitchen and bathroom over 20 years |
No budget for home improvements. Can do repairs, but can’t
replace kitchen or bathroom |
No budget to fix home problems like a leaky roof |
|
Better quality and larger number of household items and
appliances and higher cost hairdressing |
Limited number of household items and appliances and budget
haircuts |
Less frequent hair cuts or getting a
friend to cut your hair |
|
Can run air conditioning |
Need to watch utility costs |
Less heating in winter |
|
Restaurant dining, good range & quality of food |
Take out and occasional cheap restaurants |
Only club special meals or inexpensive takeaway |
|
Fast internet connection, big data allowance and large talk
and text allowance |
Limited talk and text, modest internet data allowance |
Very basic phone and internet package |
|
Good clothes |
Reasonable clothes |
Basic clothes |
|
Domestic and occasional overseas holidays |
One holiday in Australia or a few short breaks |
Even shorter breaks or day trips in your own city |
|
Top level private health insurance |
Basic private health insurance, limited gap payments |
No private health insurance |
|
Owning a reasonable car |
Owning a cheaper more basic car |
No car or, if you have a car, it will be a struggle to afford
repairs |
|
Take part in a range of regular leisure activities |
One leisure activity infrequently, some trips to the cinema or
the like |
Only taking part in no cost or very low cost
leisure activities. Rare trips to the cinema |
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