Using the Pension Loans Scheme. Rod Lavery is Technical Manager at knowIT Group.

Using the Pension Loans Scheme. Rod Lavery is Technical Manager at knowIT Group.

Rod Lavery is Technical Manager at knowIT Group.

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The Pension Loans Scheme (PLS) happens to be a chronically under-utilised solution. A 2010 distribution from Medicare identified that, despite nearly one million Australians being entitled to make use of the PLS, just 710 loans existed. The Government announced that it planned to increase the availability of the PLS from 1 July 2019 in the 2018 Federal Budget. This change is currently law plus it means the PLS can be acquired to 1.5 million more age pensioners, and establishes the PLS as a strategy that is key retirees. […]

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