Lump sum advance payments are now allowed under the Federal Government’s Home Equity Access Scheme (HEAS). This change will increase flexibility and utility for participants by providing a new way to use the scheme to meet their living expenses.
Pension Boost
Pension Boost reaches $100m in HEAS approvals, announces capital raise
Pension Boost, which is the leading independent specialist assisting retirees to benefit from the Home Equity Access Scheme (HEAS), has reached a key milestone of $100 million in HEAS approvals.
Pension Boost welcomes lower PLS interest rate
Pension Boost welcomes a lower Pension Loans Scheme (PLS) interest rate to 3.95% and a name change to Home Equity Access Scheme from 1 January 2022.
Has COVID changed retirement plans as much as low interest rates?
While it is too early to judge if COVID has brought forward the number of seniors retiring in Australia, what is known is that retirees face years of low interest rates with the RBA Governor stating several times that interest rates won’t rise until 2024.
Pension Boost has $75m in Pension Loans Scheme approvals
Pension Boost, the leading independent specialist providing assistance to retirees applying for the government’s Pension Loans Scheme (PLS), recently passed $75 million in loan approvals milestone.
Regional house price rises help retirees
Higher house prices enable retirees to boost their income in retirement under the government’s Pension Loans Scheme (PLS) avoiding the need to downsize.
Single women find ways to bridge super gender gap
Single retired women make more use of the government’s reverse mortgage scheme than their male counterparts. More women are boosting to their income in retirement this way in the face of lower superannuation balances compared to men.
Residential aged care costs – PLS can help
There are a few scenarios where the government’s Pension Loans Scheme can support those requiring residential aged care who need to keep their home.