Tag Archives: CPD

CPD: The role of the Centrelink PLS in addressing Australia’s retirement funding challenge

  Australia’s retirement income policy has been traditionally framed as having three pillars: superannuation, non-superannuation savings and the Age Pension. However, for many Australian baby boomers these three pillars provide inadequate resources to fund 25+ years of retirement. Will the government’s revamp of its Centrelink Pension Loans Scheme (PLS) fill the void? Household Capital discusses the important role home equity can play in retirement funding; it examines where the traditional bank reverse mortgages fell short and the role the Centrelink PLS and other strategies can play within a broader long term retirement plan.   Australians are living longer; since the introduction of compulsory super, Australian retirees have gained an extra decade of longevity. This extra time in retirement should be celebrated, but for many, there’s a major downside – a longer lifetime to fund.   Superannuation assets totalled $2.8 trillion at the end of the March 2019 quarter; despite this growth, for...
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