Bob and Sue really are a maximum that is 70-year-old pensioner few with a residence respected at $850,000. Their combined Age Pension earnings is $1,368.20 per fortnight ($35,573 per year).
Underneath the expanded PLS guidelines, Bob and Sue have the ability to access a number of the value within their house. They decide to receive $2,052 per fortnight ($53,360 each year), the entire quantity of check here 150% of this maximum price for the Age Pension. The worth associated with the earnings flow increases in the long run in accordance with retirement indexation.
Within the next twenty years, Bob and Sue get a PLS earnings flow at mortgage loan of 4.5%. (more…)