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More seniors will now benefit from changes to the Pension Loans Scheme, championed by National Seniors Australia.

From January 2022 the interest rate drops from 4.5 % to 3.95%. This will allow retirees to access equity in their own homes to generate additional retirement income. All the details can be found in the link.

https://nationalseniors.com.au/news/featured-news/pension-loans-scheme-changes-puts-more-dollars-back-in-seniors-pockets