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Picture Book · Home Equity Access Scheme

A lump sum when you need it

Story pages

A woman in her mid seventies standing beside an old small car with its bonnet up in a driveway
Meet Joy. She's 76 and her car has finally given up.
A woman in her mid seventies holding a plain envelope at her letterbox
Instead of fortnightly payments, you can ask for some of the loan as a lump sum, called an advance.
A wall calendar with no writing
In any 26 fortnights you can advance up to 50% of the maximum annual pension rate.
Two keys hanging on a hook by a front door
You can't have more than two advances in any 26 fortnights.
A garden hose with a gentle trickle of water filling a watering can
Taking an advance can lower the fortnightly loan you can get for the next 26 fortnights.
A woman in her mid seventies writing in a notebook at a sunny kitchen table
Joy works out whether a lump sum now or smaller payments later suits her better.

The end

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General advice warning. This picture book is general information only. It does not take into account your objectives, financial situation or needs, and it is not personal advice. Rules and thresholds change. Before acting, consider whether it is right for you, read any relevant Product Disclosure Statement and our Financial Services Guide, and seek personal advice. Past performance is not a reliable indicator of future performance.

Information as at 27 October 2026. Sources:

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Every situation is different. One of our advisers can help you work out what applies to you.

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