07 Mar, 2019


Home equity could help grow retirement savings - Household Capital


Using equity from the family home could help retirees fund expenses, improve their income, and provide support to their families, a new retirement funding provider has claimed.

Household Capital, which former senator and Minister for Superannuation Nick Sherry has put his weight behind as chair, yesterday entered the market with a new scheme that would grant loans to homeowners to fund their retirements.

The offering would use a low-interest rate loan to transfer a portion of owners’ house values into their superannuation funds of investment accounts, while providing them with guaranteed lifelong occupancy of their homes.

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