But Ms Lowe is still sceptical.
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âYou really have to see the breakdown of where it actually goes â will it go to training people up to be really competent at looking after the elderly?â
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.
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Gladesville resident Sofia McCarthy, 29, fears that using her superannuation contributions to buy her dream home - as Tuesdayâs federal budget will allow - is too great a risk.
âWe are very cautious when it comes to using our super and would prefer to try and retain it,â 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 Scheme limit from $30,000 to $50,000. The scheme allows first homebuyers to make tax-free deposits to their super accounts for withdrawal later to buy an owner-occupied home.