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Age Pension

The Age Pension is a taxpayer-funded basic retirement income stream for life, for those Australians who meet the eligibility requirements for the Age Pension. The Age Pension rates are indexed twice a year, in March and September. The Age Pension rules include reaching a certain age (Age Pension age), meeting residency requirements, and also passing the Age Pension assets test and the Age Pension income test.

The single rate Age Pension is set to at least 27.7 per cent of Male Total Average Weekly Earnings.

You can find key information about the Age Pension in the articles below, such as:

From 1 January 2017, the Age Pension assets test becomes a lot stricter. For more information, see SuperGuide article Age Pension: 300,000-plus Australians lose entitlements from January 2017.
Below are some of our key Age Pension articles:

Set out below are all SuperGuide articles explaining Age Pension.

Latest retirement deal! Lose Age Pension, receive Seniors Health Card

The stricter Age Pension assets test has now become law, although the changes won’t take effect until January 2017. The federal government predicts that more than 300,000 Australians will be worse off under the harsher assets test starting from 1 January 2017, with nearly 100,000 Australians losing … [Read more...]

Superannuation changes: What rules apply for the 2016/2017 year?

Although the newly elected Coalition government has announced significant amendments to Australia’s superannuation rules, many of the big-ticket super policies are not changing, and now, none of the proposed changes will apply for the 2016/2017 year.Apart from the proposed $500,000 lifetime … [Read more...]

2016 Federal Budget update: Superannuation changes likely to become law

SUPER ALERT! On 15 September 2016, Treasurer Scott Morrison and Minister for Revenue and Financial Services Kelly Dwyer issued a joint media release announcing significant adjustments to proposed new superannuation policies. The change of heart on some super policies was as a direct result of … [Read more...]

Are you eligible for a Commonwealth Seniors Health Card?

IMPORTANT: Effective since 20 September 2016, the government again indexed the income test thresholds for the CSHC (see this article for latest thresholds). The next indexation of the CSHC income thresholds takes place on 20 September 2017. Note that since 1 January 2015, new applicants for CSHC … [Read more...]

Super alert! Age Pension income test change hits funded defined benefit pensions

Taking effect from 1 January 2016, the federal government announced and legislated changes to the Age Pension income test for those Australians (retired public servants and retired employees of some large companies) who receive funded defined benefit superannuation pensions. Unfunded defined benefit … [Read more...]

Age Pension: More Australians entitled since September 2016, but lose from January 2017

In March, July and September of each year, the federal government changes the rules for claiming the Age Pension… for the better! Currently, the Age Pension income test and the Age Pension assets test are adjusted three times a year in line with increases in the Consumer Price Index.Effective … [Read more...]

Age Pension income test: Deeming rates and deeming thresholds

Note: This article explains the latest deeming rates and the deeming thresholds for the Age Pension income test. If you are seeking information about the latest increases in the thresholds for the Age Pension income test and Age Pension assets test see SuperGuide article Age Pension: More … [Read more...]

Age Pension: September 2016 rates now apply (until March 2017)

Note: This article explains the latest Age Pension rates, applicable until 19 March 2017. The Age Pension rates are indexed twice-yearly, with the next adjustment taking effect from 20 March 2017. If you are seeking information on the changes to the Age Pension assets test rules taking effect from … [Read more...]

Age Pension: Assets test thresholds applicable since September 2016

Note: This article explains the latest Age Pension assets thresholds, applicable from 20 September 2016. If you are seeking information on the latest Age Pension rates, see SuperGuide article Age Pension: September 2016 rates now apply (until March 2017). If you’re looking for information on the Age … [Read more...]

New income test rules mean less Age Pension

Note: This article explains the current Age Pension income test rules. (If you are seeking information on the changes to the Age Pension asset test rules taking effect from January 2017, then see the SuperGuide article Age Pension: 300,000-plus Australians to lose entitlements from January … [Read more...]

Age Pension: Income test thresholds applicable since September 2016

Note: This article explains the latest Age Pension income test thresholds, applicable since 20 September 2016. If you are seeking information on the latest Age Pension rates see SuperGuide article Age Pension: September 2016 rates now apply (until March 2017). If you’re looking for information on … [Read more...]

Tax-free super for over-60s, except for some

If you withdraw your super benefits after you turn 60 years of age, you can expect to pay NO tax on those super benefit payment, unless you are a member of certain public sector super funds (see summary table at the end of this article).Due to the large number of emails I receive on this topic, … [Read more...]