Understanding The Pension Loans Scheme

The Pension Loans Scheme is a federal government initiative to help Australian retirees to supplement their income. Many Australian retirees have the bulk of their assets tied up in residential property. They are often said to be “asset rich but cash poor”.

The Pension Loans Scheme enables retirees in Australia to ‘liquidate’ their assets by getting a voluntary, non-taxable, fortnightly government loan using their residential homes as security. These loan payments can supplement other retirement income they may have, such as the age pension and superannuation entitlements. The Pension Loans Scheme is essentially a government reverse mortgage scheme.

In this eBook you will discover:
  • How much income do you need to retire in Australia?
  • The potential shortfall
  • How does the Pension Loans Scheme work?
  • How does a pension loan get repaid?
  • What is the Maximum Loan Amount?
  • Are there any ongoing Pension Loans Scheme fees?
  • How long has the Pension Loans Scheme been available?
Downloading this eBook will also give you access to special bonus offers within Spring Financial Group.
This eBook does not substitute professional tailored financial advice. If you wish to meet with an adviser please Make an Appointment.

Get your free eBook

Simply fill in your details to have your free eBook emailed to you instantly.