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James Coyle
James has over 35 years experience in financial services with particular expertise in two of the key components of retirement finance - Superannuation and the Age Pension. He is passionate about providing the guidance and support that can help older Australians enjoy their best possible retirement. He lives in regional Victoria surrounded by dogs and chooks.
Am I correct in assuming that a fully self funded retiree (asset test knocks me out of the age pension entirely), with a younger spouse not of eligible retirement age yet, means that the maximum amount I could borrow yearly under the PLS until my wife reaches retirement age is currently only 150% of half the combined age pension for a couple. e.g. 1/2 x $37,923 x 150% = $28,442.
Hi Glenn. The DSS site has a useful calculator that will help you determine how much you can borrow. You can find the calculator here