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.

Take note: Age Pension age increasing to 67 years

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Note: This article below explains the eligibility age for the Age Pension. For information on the retirement age for accessing superannuation benefits see SuperGuide articles Preservation age: I’m 58. Can I withdraw my super benefits? and I’m 60. Why can’t I access my super benefits? In late … [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 number of emails I have received about this topic, I’ll … [Read more...]

Age Pension: March 2014 rates now available

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The new Age Pension rates, taking effect from 20 March 2014 are set out in the tables below. A single person eligible for the full Age Pension can now expect an annual Age Pension income (including supplement, and Clean Energy Supplement) of around $21,913. A couple eligible for the full Age … [Read more...]

Age Pension: Assets test thresholds rise 20 March 2014

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The UPPER asset thresholds for the Age Pension assets test lift again on 20 March 2014, which means more Australians may now be eligible for the PART Age Pension. A single person can own more than $755,000 in assets (excluding his or her home), and still receive a small PART Age Pension, while a … [Read more...]

Age Pension: More Australians entitled to payments from March 2014

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In March, July and September of each year, the Federal Government changes the rules for claiming the Age Pension… for the better! 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. From 20 March 2014, the … [Read more...]

Age Pension: Income test thresholds rise 20 March 2014

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The UPPER income thresholds for the Age Pension income test lift again on 20 March 2014, which means more Australians are now eligible for the PART Age Pension. A single person can earn over $47,000 a year, and still receive a PART Age Pension, while a couple can earn just over $73,000 a year and … [Read more...]

A case study: I’m 53. Is it too late to save for my retirement? (updated figures)

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Note: Betty has made no plans for retirement, but if she starts contributing $100 a week, until she retires, then she can expect her lifestyle to be better than her current lifestyle. If she contributes $50 a week, then she can expect to receive at least 80% of her pre-retirement income. This … [Read more...]