Pension Boost
could help Janet

Janet's Story

Janet (73) is a single self funded retiree who owns her apartment in Melbourne.

She is finding that her conservatively managed superannuation portfolio and term deposits aren't providing the yields she used to receive which is placing strain on her lifestyle.

She is interested in drawing on the PLS for a few years until cash rates improve to preserve her superannuation as much as she can.

  • Owns her Melbourne apartment valued at $1,000,000
  • Currently receiving $0 in Aged Pension payments a year.
  • Looking to draw on the PLS to help preserve her superannuation.

Their Pension Boost

  • Now
  • 5 Years
    85% 15%
  • 10 Years
    84% 16%
  • 20 Years
    81% 19%
  • Home Equity
  • Loans (including PLS)
  • Value of Net Equity

Janet is eligible to draw a maximum PLS payment of $37,732 per year however she decides to take $30,000 a year for 5 years while the markets recover.

Assuming Janet didn’t draw down on her super to repay the PLS, in 10 years time she would still own approximately 83% of her property ($1.132 million)* and after 20 years approximately 81% ($1.458 million)*.

Please note, all rates and data are as at 20th September 2021.

  • Age Pension Before Pension Boost:

    NIL per/year
  • Age Pension After Pension Boost:

    $30,000 per/year

Pension Boost will take the hard work out of applying for the PLS so that Janet can live her her current lifestyle stress free.

Use our Pension Loans Scheme calculator to find out how much you may be able to increase your cashflow by.

START CALCULATOR *These numbers assume the value of Janets’s property grows by an average of 3% per year.