How
Pension Boost
could help Louise

Louise's Story

Louise (80) lost her husband five years ago and has been living in the apartment she owns in Brisbane alone ever since.

She is currently on the full Age Pension but still struggles to meet her regular living costs. Due to her ill health she needs the extra assistance and is considering the Pension Loans Scheme (PLS) to help fund in-home care services.

  • Owns her Brisbane apartment valued at $525,000
  • Currently receiving $25,155 in Aged Pension payments a year.
  • Looking to fund in-home care to help her daily needs.

Their Pension Boost

  • Now
    100%
    $525,000
  • 5 Years
    88% 12%
    $533,836
  • 10 Years
    75% 25%
    $528,162
  • 20 Years
    47% 53%
    $444,231
  • Home Equity
  • Loans (including PLS)
  • Value of Net Equity

We estimate that Louise can draw the maximum PLS payment (CPI adjusted) for 25 years. This would give Louise an additional $12,577 per year to help with the in-home care service payments.

After 10 years on the PLS, she would still own approximately 75% of her property ($528,000)*. After 20 years, at age 100, Louise would still own approximately 47% which, due to growth in the property market would be $444,000.

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

  • Age Pension Before Pension Boost:

    $25,155 per/year
  • Age Pension After Pension Boost:

    $37,732 per/year

Pension Boost will take the hard work out of applying for the PLS so that Lousie can get the in-home care she needs.

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 Lousie’s property grows by an average of 3% per year.