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October 25, 2019

The 2018 Federal Budget expanded the Pension Loan Scheme (PLS) to allow all retirees to obtain a state run reverse mortgage, which allowed pensioners to boost their retirement income by up to $17,800 for a couple without impacting on their eligibility for the pension o...

October 22, 2019

Josh Frydenberg says current interest rate of 5.25% for pension loan scheme is lower than rates charged by private sector

The Morrison government will review the 5.25% rate it charges for reverse mortgages after criticism from seniors groups that it has been gouging pen...

Retirees who use a federal government reverse mortgage program to boost their incomes are likely to get an interest rate cut after Treasurer Josh Frydenberg announced a review of the system.

Mr Frydenberg on Wednesday said the 5.25 per cent rate charged for reverse mort...

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