The Pension Loans Scheme is for all later life Australians.
Whether you get an age pension or not, you should know more about this scheme.
Why should you know about this?
Because it is a government run scheme allowing Australians in later life who own property to borrow from the government - and this may be something you need to use down the track. Or even sooner.
Understanding just how that fits into your plans takes a bit of effort - but it’s worth it.
Spend some time understanding how this scheme works and you may at least have some peace of mind that there is another way to support your day-to-day spending if you need it.
If there is one thing you do not want in later life, is to be unaware of all the options you have to organise your financial future.
Take a bit of time out to understand this new scheme, and work out if it is a story for you now, a story for you down the track, or just something that makes sense to know about if your situation changes.