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Pension Loans Scheme

People of age pension age (or their partners) who are not eligible for a pension because of either their income or their assets, or those who only receive a part pension, can access capital tied up in their real estate under the Pension Loans Scheme.

For example, if you were on a part pension because of your assets, but you needed more income. Pension Loans Scheme would allow you to be paid the full pension, with the difference between your part pension and the full pension being treated as a loan. Interest is charged on the loan and a mortgage is taken out over the property by Centrelink or the Department of Veterans Affairs.
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  1. AnonymousMay 22, 2014 at 11:11 PM

    I must think about my budget, my family welfare and my future expenditures.Thanks for discus this informative blog.

    independent pension advice Bristol & Pension Advice Bristol

    ReplyDelete

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