Ask Noel: Pension Loans Scheme

June 28 2018 - 7:30am
Ask Noel: Pension Loans Scheme
Ask Noel: Pension Loans Scheme

I read somewhere that money borrowed under the Pension Loans Scheme would not be affected provided that people spent and did not hoard their money. Does saving for a car or home repairs constitute hoarding? If so, the money might be deemed by Centrelink. An interest of 5.25 per cent plus deeming doesn’t make this such a great deal either.