What takes place for people who haven’t reduced the borrowed funds after you die?

What takes place for people who haven’t reduced the borrowed funds after you die?

Alex and Taylor is two just who already discovered 75% of the limit Decades Retirement speed. They may get a full time income this is the same number because their your retirement repayments (0.75 + 0.75 = step one.5).

Harold and you may Sarah are care about-financed retirees. They’d be eligible for this Pension, but never obtain it as they are over the property test. They might get an income that’s step 1.five times a complete pension speed (0 + step 1.5 = 1.5). Continue reading “What takes place for people who haven’t reduced the borrowed funds after you die?”