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.
PLS
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.
Many retirees still have mortgages – keeping the bank at bay
An interesting statistic is that 40% of retirees approaching Pension Boost to assist with Pension Loans Scheme (PLS) applications still have mortgages. Retired couples applying for PLS with pre-existing debt were servicing median mortgage amounts of $158,000 at a median age of 72 years.