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.
HEAS
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 is a private commercial venture founded by Paul Rogan in 2019, whose purpose is to assist everyday Australian seniors to live a better life. There are 1.9 million seniors on the Age Pension who own property, with many struggling to make ends meet. Pension Boost are the leading independent specialists in the Australian Government’s reverse mortgage programme known as the Home Equity Access Scheme (HEAS).