Tag Archives: Age Pension

No September Age Pension Increase this Year

December 16, 2020

Age Pension payment rates are usually increased every six month – on 20 March and 20 September – to maintain their real value over time. On 20 September 2020, for the first time in more than 20 years, the Age Pension rates did not increase. This is due to the method of pension indexation, and […]

Pension Loan Scheme

April 17, 2019

What is it? The Pension Loan Scheme (PLS) is a voluntary reverse equity mortgage provided by Centrelink. This scheme offers older Australians an income stream in the form of a loan to supplement their retirement income. Who can currently get it? Currently part-pensioners and some self-funded retirees who own a property in Australia can access […]