Coalition grey bribes to lock empty nesters in family homes
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May’s Federal Budget contained various measures aimed at keeping older Australians in their homes, including:
- billions of dollars in funding for thousands of extra home-care packages;
- extending the Pensioner Work Bonus scheme, giving older Australians the ability to earn more money without affecting their benefits; and
- extending the Pension Loans Scheme (PLS) to all older Australians, thereby allowing them to boost their retirement income by up to $17,800 for a couple without impacting on their eligibility for the pension or other benefits.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.