Costs, promotions, kinds, and availability could vary. Increasing the pension loan scheme — which allows pensioners to borrow in opposition to the value of their residence and different belongings without selling up — will encourage older homeowners to hold onto their properties. The measure, wherein the federal government is investing $11 million, will permit all older Australians, including self-funded retirees, to boost their fortnightly income stream to a hundred and fifty per cent of the Age Pension price utilizing the fairness of their properties.
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