The growing importance of the Pension Loan Scheme

With a trillion dollars tied up in the real estate of retired Australians, the Pension Loan Scheme is likely to grow in importance. A fortnightly top-up on government pension payments allows people to unlock the equity in their homes. But, according to National Seniors Australia it could be made much more accessible.

Federal Budget to include cash payments worth $500 for aged, family and disability welfare recipients. Source: Getty