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More than 1 million Services Australia claims yet to be processed

More than 1 million Services Australia claims yet to be processed
abc.net.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from abc.net.au Daily Mail and Mail on Sunday newspapers.

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Government looks to help older home owners retrofit homes

A new program is being developed to enable elderly home owners to take up loans or use home equity to make modifications so they can continue to live at home independently. ....

Department Of Health , Royal Commission , Aged Care , Aged Care Quality , Assistive Technologies , Home Modifications Scheme , Home Equity Access Scheme , Pensions Loan Scheme , First Nations ,

Pensioners raid government reverse mortgage scheme

MacroBusiness
Access Subscriber Only Content
at 1:00 pm on July 7, 2021 | 6 comments
In the May 2021 Budget the Morrison Government broadened eligibility to the Pensions Loan Scheme (PLS): the government sponsored reverse mortgage scheme that allows retirees to borrow up to 150% of the aged pension rate against the equity in their home and is open to all retirees (not just pensioners) over the age of 60.
Thus, a full rate pensioner can receive a maximum income top-up that is equal to half of the age pension, whereas a self funded retiree can receive a maximum payment that is equal to 1.5 times the full age pension. ....

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