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Picture Book · Home Equity Access Scheme

The 150% rule

Story pages

A man in his early seventies with a white beard tending tomato plants in a backyard veggie patch
Meet Ray. He's 72 and gets the full Age Pension.
Three glasses of water on a bench
Under the scheme, his pension plus loan each fortnight can't be more than 150% of the maximum pension rate.
A man in his early seventies with a white beard pouring a little water from a jug into a half-full glass on a kitchen bench
Because Ray already gets the full pension, the loan can top him up by about half as much again.
A woman in her early seventies chatting over a low garden fence with a neighbour
His neighbour Lyn is self-funded and gets no pension. She can take the whole 150% as a loan.
A set of old brass kitchen scales balancing two small piles of river stones
If a pension changes, the loan payment adjusts so the total stays under the cap.
A man in his early seventies with a white beard relaxing in a deck chair in his garden
Ray picks a smaller amount than the maximum. You can choose any amount up to the cap.

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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Keep exploring: More home equity access scheme stories · All picture books · Age Pension what-if planner · Cost-of-living help for homeowners