Since July 2019, all retirees with sufficient equity in their property have been eligible for the Federal Government’s Pension Loans Scheme (PLS) to borrow against their home.
Pension Loans Scheme
Specialists unlock $30 million in retirement funds for seniors
Pension Boost has achieved a 98 per cent success rate in assisting seniors to supplement their retirement income without impacting their age pension entitlements. This company is aiding [thousands] of retirees to boost their age pensions, to help them make ends meet and enjoy a better quality of life by accessing the net equity in their homes.
Federal Budget not a panacea for retirees
The expectation of action in the Federal Budget on lower taper rates for retirees who have assets/income beyond the current Age Pension limits have been frustrated.
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).