Things we haven't taken into account

The results you will get from using our calculators do not take into account:

• any money you may receive in the future, such as an inheritance, a windfall or a lump sum. Only enter the amount of savings and investments you have today. Revisit Sorted 60plus whenever your financial circumstances change.
• asset testing for long-term care. Asset testing determines how much of the cost of long-term care is met by the state.
• the capital in your final home. This money is additional to any workings in either the 60plus budget calculator or the Managing your nest egg calculator and is available for you to use as you choose. Your final home may be a private dwelling or a unit in a retirement village.
• the major cost of rest home or hospital care. This hasn't been allowed for because only a small percentage of retired people require care.

Statistics New Zealand records that 7% of women and 3% of men aged 65 years or over were in a residential care at the time of the 2006 Census.

We have assumed that, if you do have to go into care, some of the money tied up in your final home will be used to help pay for this care. If your partner goes into care and you are still well, you can stay in your home for as long as you are able. The Residential Care Subsidy exempts your home from asset testing until you both are in long-term care.