Help with easing the cost of living

19 February 2019

After decades of hard saving, the last things you want to spend your super on are bills, transport and healthcare as the costs of living continue to rise.


While such expenses are facts of life, there are ways to minimise them if you know where to look. Here are a few ideas to help you save your pennies for the more joyful things in retirement, like spending more time with loved ones.

Utility rebates

Across Australian state governments, schemes exist to give pensioners and families reductions or rebates on the costs of utilities such as water, gas and electricity.

It’s worth checking out the eligibility criteria that apply in your local area, because over time these initiatives can save you significant amounts of money.

Vehicle costs

If you're someone who pays an average of $25 a week (or $1,300 a year) in tolls, Toll Relief is a NSW initiative that allows you to register your vehicle for free.

And if you're retired, you may be eligible for concessions in several areas of vehicle costs. In NSW, for example, eligible pensioners may be exempt from registration fees and driver's licence renewal fees.

When renewing your registration, you might also be eligible for other perks such as discounted access to National Parks.

Public transport

In cities such as Melbourne and Sydney where public transport cards exist, you may be eligible for reductions or flatfare rates of travel. These allow you to take advantage of train, bus and tram services with ease.

Staying active

Retaining an active lifestyle is crucial to keeping the mind and body healthy. Many facilities and organisations offer discounts for pension-aged Australians, including access to some of the country's most beautiful areas. There are numerous ways to take advantage of this, so it's a good idea to research your local options.

Medical costs

If you require specialist medical treatment that isn't offered locally, there are schemes to help cover the costs of transport. In NSW, The Isolated Patients Travel and Accommodation Assistance Scheme (IPTAAS) allows you to lodge claims electronically following a simple registration process.

Take advantage of other government rebates

Depending on where you live and your personal circumstances, you may be able to receive other government rebates and savings. For example if you live in NSW, all you need to do is complete an online form of just six simple questions and you can discover the savings relevant for you. Just go to

And if you' like professional advice on how to better manage your money to reach your financial and retirement goals, our financial planners can help. Request an appointment online or call 1300 547 873.

The information on this website is of a general nature only and does not take into account your personal objectives, situation or needs. You should consider obtaining professional financial, taxation and or legal advice tailored to your personal circumstances prior to making any financial decision.