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.
Your age pension concierge service for Centrelink. Case studies and observations on claiming and maintaining the Centrelink age pension in Australia. The objective of this blog is to inform and promote discussion. Information contained within is generic and does not constitute advice, and professional assistance is recommended before any action taken with Centrelink.