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 Intergenerational Report: 30 interesting facts

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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)

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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

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The Age Pension rates, effective from 20 March 2015, are set out in the tables below. A single person eligible for the FULL Age Pension can expect an annual Age Pension income (including Pension Supplement and Clean Energy Supplement) of around $22,365. A couple eligible for the FULL Age … [Read more...]

Age Pension: Assets test thresholds from 20 March 2015

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The UPPER asset thresholds for the Age Pension assets test increased again on 20 March 2015, which means more Australians may now be eligible for a PART Age Pension. A single person can own more than $775,000 in assets (excluding his or her home), and still receive a small PART Age Pension, while … [Read more...]

Age Pension: Income test thresholds from 20 March 2015

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The UPPER income thresholds for the Age Pension income test increased again on 20 March 2015, which means more Australians are now eligible for a PART Age Pension. A single person can earn just under $49,000 a year, and still receive a PART Age Pension, while a couple can earn just over $74,800 a … [Read more...]

2015 Intergenerational Report (Australia in 2055): Executive summary

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Note: The following article is the entire executive summary from the 2015 Intergenerational Report, looking at Australia in 40 years’ time. The next report is expected in 2020. Source: The Commonwealth of Australia. Over the past 40 years, Australia has enjoyed strong economic performance, … [Read more...]

Superannuation missing from the IGR’s ageing narrative

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The 2015 Intergenerational Report makes it clear that Australia will have an ageing population by 2055 and the undeniable fact that we are living longer. Life expectancy will, by 2055, be well into the 90s. It is also predicted that the participation rates of people aged 65 and over will increase … [Read more...]

Hockey looks to elderly for Australian prosperity

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By mid-century, Australia will have about 40,000 people aged 100 and above – well more than 300 times the 122 centenarians there were in 1975, according to the Intergenerational Report (IGR) released on Thursday. The nation is expected to have 39.7 million people in 2055. Male life expectancy … [Read more...]

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

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If you withdraw your super benefits after you turn 60 years of age, you can expect to pay no tax on those super benefits, 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 have received about this topic … [Read more...]