Major enhancements that Pension Boost has been advocating for will be made to the Pension Loans Scheme (PLS) from 1 July 2022.
retirement
Providing options for seniors and their retirement
As a signatory to the United Nations Principles of Responsible Investment (UNPRI), Laureola Advisors believes its life settlements fund can help vulnerable retirees and tackle three ESG-related issues in the US
Discover the new age pension & PLS rates
Pension Boost has noted that the latest Age Pension rates adjusted for inflation were released recently. While the increase is modest (0.9%), reflecting the low inflation environment, it is positive news for seniors given there was no increase last September.
Pension Boost questions Income Review report outcomes
The founder of a retirement specialist that assist seniors to access the Government’s reverse mortgage solution (known as the Pension Loan Scheme) hopes that the Retirement Income Review leads to more help for struggling retirees.
Self-funded retirees 10% of PLS reverse mortgages, says Pension Boost
Pension Boost is originating around 10 per cent of its government-run Pension Loans Scheme (PLS) reverse mortgages with self-funded retirees since the reforms were introduced in July 2019.
Don’t delay the superannuation guarantee increase
Australians can only benefit in the long-term by increasing the superannuation guarantee from 9.5% to 12%.
Downsizing is not for every retiree
With around 76% of all seniors owning their property outright there is an opportunity to downsize but it is no ‘silver bullet’ solution.
Which retirees can access Government Pension Loans Scheme?
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.