The Pension Loans Scheme | Alternative To Reverse Mortgage?

Pension loans scheme – is it an alternative to a Reverse Mortgage? To help pensioners who are asset rich but income poor, the government launched its own version of a financial product that has been commercially available for some time, the reverse mortgage https://www.moneysmart.gov.au/superannuation-and-retirement/income-sources-in-retirement/income-from-super The government’s answer is its pension loans scheme (PLS), whereby a …

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