Things to Know About the Age Pension

Age requirements for Age Pension

To be eligible for Age Pension you must be 65 years or older.


From 1 July 2017, the qualifying age for Age Pension will increase from 65 years to 65 years and 6 months. The qualifying age will then increase by 6 months every 2 years, reaching 67 years by 1 July 2023.

 

Date of birthQualifying age at
1 July 1952 to 31 December 195365 years and 6 months
1 January 1954 to 30 June 195566 years
1 July 1955 to 31 December 195666 years and 6 months
From 1 January 195767 years

Residence requirements for Age Pension

To be eligible for Age Pension you must satisfy residence requirements.


On the day you submit your claim, you must be:

  • an Australian resident, and
  • physically present in Australia

You also need to have been an Australian resident for a continuous period of at least 10 years, or for a number of periods that total more than 10 years with one of the periods being at least 5 years, unless you:

  • are a refugee or former refugee
  • were getting Partner Allowance, Widow Allowance or Widow B Pension immediately before turning age pension age, or
  • are a woman whose partner died while you were both Australian residents, and you have been an Australian resident for 2 years immediately before claiming Age Pension

If you have lived or worked in a country with which Australia has an international social security agreement, it may help you meet these residence requirements.

Income test for pensions

Your income can affect the amount of payment you receive from us.

Assets test for Age Pension

The value of various assets you own can have an effect on your eligibility for a pension.

Asset Hardship provisions

If you are in severe financial hardship and have little or no entitlement to a payment, you can apply to be paid under the Asset Hardship provisions.

Payment rates for Age Pension

There are different rates of Age Pension payments for single people and couples. Your rate also depends on your income, assets, and other circumstances.

 Family Situation

Pension rates per fortnightSingleCouple eachCouple combinedCouple each
separated due to ill health
Maximum basic rate$788.40$594.30$1,188.60$788.40
Maximum Pension Supplement$64.50$48.60$97.20$64.50
Energy Supplement$14.10$10.60$21.20$14.10
TOTAL$867.00$653.50$1,307.00$867.00

The transitional arrangements apply to certain pensioners who were receiving part pensions as at 19 September 2009 and only applies until they would get an equal or higher rate under the new rules. Transitional rates are indexed by CPI only.

 Family Situation

Pension Reform Transitional Arrangements Rates per fortnightSingleCouple eachCouple combinedCouple each
separated due to ill health
Maximum rate$717.40$579.40$1,158.80$717.40
Energy Supplement$14.10$10.60$21.20$14.10
TOTAL$731.50$590.00$1,180.00$731.50

For more information visit: http://www.humanservices.gov.au/customer/services/centrelink/age-pension