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.
Pension Loans Scheme
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.
Pension Boost drives $50m in Pension Loans Scheme approvals
Since 2019, Pension Boost has been assisting retirees access the government backed Pension Loans Scheme – a form of reverse mortgage. Pension Boost has now assisted seniors access more than $50 million in PLS loans to help them live a better life.
Single women embracing Pension Loans Scheme
Pension Boost, who are specialists in the government’s Pension Loans Scheme (PLS), has reviewed the PLS applications it has submitted on behalf of its clients since the PLS was expanded in July 2019.