Age Pension

Are you eligible for the Age Pension? The Age Pension is the taxpayer-funded basic retirement income stream for those people who can’t fully support themselves. The single rate Age Pension is set to at least 27.7 per cent of Male Total Average Weekly Earnings.


On SuperGuide, you can find information about the latest Age Pension rates, your Age Pension age, the Age Pension income test and the Age Pension assets test, and more.

Set out below are all SuperGuide articles explaining Age Pension.

2015 Federal Budget summary: No new taxes on super but bumpy ride for retirees

bumpy_26317515_c

On 12 May 2015, the federal treasurer Joe Hockey released the second federal budget of his career. While last year’s budget was fire and brimstone and targeted ‘leaners’ (who Hockey blamed for the state of Australia’s finances, when he was not blaming the former ALP government), Hockey’s launch of … [Read more...]

Budget brief: will I lose my age pension?

Calculator_2299228_c

By Rafal Chomik, UNSW Australia Business School The Conversation’s Budget briefs series aims to answer reader questions about the 2015 federal budget. The 2015 budget confirms pre-budget announcements that the government is committed to reducing the cost of the age pension, but will now do so … [Read more...]

Age Pension assets test changes: Comments from readers

Comments_1139043_c

On 7 May 2015 (and confirmed in the May 2015 Federal Budget), the Minister for Social Services, Scott Morrison announced two key changes to the Age Pensions assets test, to take effect from January 2017 (assuming the Liberals win the next election). Our SuperGuide readers had a few things to say … [Read more...]

300,000 retired Australians to lose some or all Age Pension entitlements

pensioners_3360855_c

More than 300,000 Age Pensioners will have their Age Pension cut, with just under 100,000 of those affected Australians losing all Age Pension entitlements, taking effect from January 2017. On 7 May 2015 the federal government announced changes to the Age Pension assets test (and confirmed this … [Read more...]

Are you eligible for a Commonwealth Seniors Health Card?

retired_couple_12485974_c

IMPORTANT: Since 1 January 2015, new applicants for CSHC need to include tax-free superannuation income when assessing CSHC eligibility. Effective from September 2014, the government indexed the income test thresholds for the CSHC. The income test thresholds will be now indexed annually from … [Read more...]

2015 Intergenerational Report: 30 interesting facts

Thirty_11485183_c

In March 2015, the federal government released the 2015 Intergenerational Report (IGR). The IGR provides projections on key economic data; namely population growth, workforce participation and productivity. Contained within the report are interesting facts about how long we can expect to live, … [Read more...]

2015 Intergenerational Report: Australia in 40 years’ time (2055)

australia-future_9599572_c

In early March 2015, the federal government released a report reminding us that Australia’s population is growing, causing increased pressure on infrastructure such as housing, telecommunications, schools, energy, water and transport. Our growing population is also disproportionately ageing creating … [Read more...]

Age Pension: March 2015 rates now apply

Pixmac000010091271_septemberrates

Note: This article explains the current Age Pension rules, which are applicable until at least December 2016. If you are seeking information on the proposed changes to the Age Pension rules announced in the 2015 Federal Budget, and taking effect from January 2017 (subject to legislation, and … [Read more...]