How to boost retirement incomes for Australians at virtually no cost to the budget

How will pensioners benefit from the expanded Pension Loans Scheme

(photo used under creative commons license)

“It is difficult to conceive of a policy which can significantly boost retirement incomes for Australians at low or zero cost to the budget, but this is what the pension loans scheme achieves” — Richard Denniss, chief economist at The Australia Institute.

“This expansion has the potential to improve the lives of many retirees by boosting their retirement income at almost no cost to the budget. It is a real win-win situation” — Matt Grudnoff, senior economist, The Australia Institute

What is the Pension Loans Scheme?

The PBO found that retirees could unlock more than $2.8 billion to boost their retirements, all for a cost to the budget of just $23 million.

Why is this change so important?

an independent think-tank based in Canberra > australia.org.au

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