Age Pension
A government income support payment, the Age Pension may be your main income source in your retirement years or a supplement to help with the costs of living as you get older.
Call us today - 1800 555 667What is the Age Pension?
It’s generally described as a regular, fortnightly payment that you may be eligible to receive from the government when you reach the qualifying age in the table below. It’s designed to provide income support for those Australians who need it and can also be a way to supplement any income they already receive.
Eligibility depends on three points:
Age Pension age
Australian residency
Generally, you need to have been an Australian resident for at least 10 years in total. For at least 5 of these years, there must be no break in your residence.
Exceptions apply for refugees, former refugees, those on another payment, women whose partners have died and those who lived or worked overseas.
Income and assets test
An income test asseses you (and your partner’s) income from all sources, including super. An assets test asseses all asset types you own, including property and possessions. This means the Age Pension amount you receive will depend on the outcome of these tests.
For more detailed information about the Age Pension, visit Services Australia.
Don't qualify for the Age Pension?
You might qualify for:
Seniors Card
It gives you transport concessions and discounts from participating businesses. Each state and territory has its own Seniors Card.
Commonwealth Seniors Health Card
Generally, this card is great for cheaper medical expenses and some discounts.
Pensioner Concession Card
Another card that can get you cheaper health care, medicines and discounts, if you already receive government payments.
Rent Assistance
If you get certain government payments and are paying rent, you may be eligible to get a regular payment as Rent Assistance.