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The growing importance of the Pension Loan Scheme

COVID-19, Coronavirus, real estate, NACA Feature, Mortgages, superannuation,

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

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.


Published

By John Baldock

Presented by Margarita Vasileva

Source: SBS




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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.



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