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Guide to home equity access scheme


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  • June, age 75, is single, retired and owns her home outright worth $600,000
  • She has a vacant block of land worth $400,000 and personal contents worth $10,000
  • She currently receives a fortnightly Age Pension entitlement of $549.

The Home Equity Access Scheme (HEAS) provides support in the form of a reverse mortgage type loan paid fortnightly to people who qualify for the Age Pension and own property in Australia. The HEAS was formerly known as the Pension Loan Scheme prior to 1 January 2022.

In this article, we look at the benefits of the HEAS for Centrelink clients and use a case study to explain how it works. The HEAS is also available to veterans who qualify for the Service Pension and war widows who qualify for the Income Support Supplement.

The following case study will be used in this article to explain the various components of the HEAS:


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