Pension Loan Scheme (PLS) Workshop
Are you planning your retirement or looking for ways to increase your retirement income?
You may be thinking of downsizing or worried you will have only the federal government aged pension to live on.
The Pension Loans Scheme is essentially a federal government program that enables people to reverse their mortgage if they meet certain requirements. The program assists people to top up their fortnightly income to the full pension amount, using a loan. The government takes a charge over the property and makes a fortnightly payment.
Southcare Inc will host Philippe Bossert a Financial Adviser who will explain what the Pension Loan Scheme is and how to access it
Seminar participants will leave the seminar empowered and aware of some of the resources available to do further reading themselves.
Who should attend?
The Pension Loan Scheme (PLS) Seminar is free and open to all community members, regardless of age or health conditions.
What is covered?
This highly interactive seminar will go into detail about the Pension Loan Scheme (PLS) covering;
- eligibility of who is able to access the Scheme
- payment rates that apply
- costs that are associated with the arrangement
- interest rates applicable to the Scheme
- obligations placed upon a recipient of a loan
- what happens to your loan after your death
- the application process
- some of the alternatives to the Pension Loan Scheme that could be considered
Dr Nicky Howe, CEO Southcare will also give an overview of your options for home care services.
This is a FREE Workshop but places are limited. CLICK HERE to register now or give Southcare on 9450 6233.