Age Pension age is the age at which an Australian can claim the Age Pension, that is, 65 for men and between the ages of 63½ and 65 for women.
The following articles refer to Age Pension age and superannuation.
Q: I am 53 years old. I do not contribute to super and I have never been a saver. I have just paid off my unit. My question is: I earn only $37,000 a year, so I have never had a highly paid job. Is it too late for me [...]
Hurry, hurry! Deadline approaching! If you’re working and you’re aged 65 or over (or 63.5 or over if you’re a female), or will turn 65 (or 63.5 if a female) before 20 September 2009, then you need to read this article, and the Q and As following this article.
If you fall [...]
Q: Can you please confirm whether the assets held in a self-managed super fund (SMSF) count towards the Centrelink asset test/income test?
Trish’s response: I can provide you with an overview of how superannuation benefits are treated by Centrelink, although you’ll need to check with Centrelink about your personal situation, and how your super benefits are [...]
Q: My wife (age 63) and myself (age 65) have a small business. I was told by an organisation that at 65 or over I could put money into super, pay 15% tax on the way in and then draw it out when I wished and pay no tax. In fact I have been told [...]
The question is a popular one among prospective retirees, and the answer can be best explained by dividing the question into four parts.
A. What is the Commonwealth Seniors Health Card (CSHC)?
The CSHC gives you access to cheaper prescriptions via the Pharmaceutical Benefits Scheme, bulk-billing rates for doctor appointments, and an [...]
In a surprise Budget announcement, the Federal Government has flagged that the Age Pension age is set to increase to 67 years of age from 2023.
Currently, Australians can access the Age Pension at age 65 (for men) and from 63.5 years (for women, although the Age Pension age was moving to 65 for women from [...]
Increase of $32.49 per week for single Age Pensioners, and $10.14 for couples (see article ‘$32 per week increase in single Age Pension’)
Age Pension age to increase to 67 from 2023 (see article ‘Age Pension age set to increase to 67’)
New index, [...]
In what must be a Pinocchio moment (of which there are many – see this month’s THE SOAPBOX: Does the Government think we’re stupid?), the Government is closing the Pension Bonus Scheme (PBS) to new entrants from 20 September 2009. The reason? The scheme is too complex and not meeting its objectives [...]
Superannuation
Concessional contribution cap cut to $25,000 from July 2009
Government co-contribution cut to $1000 from July 2009
‘Lost’ account balances of less than $200 to be transferred to the ATO
Superannuation pensions
Gross tax-free superannuation income NOT be counted for the Commonwealth Seniors Health Card
Pension drawdown [...]
Hi - I'm Trish Power and I am the author of Superannuation For Dummies and many other books on super and investing.And guess what! This site, SuperGuide, is the only INDEPENDENT website for consumers on superannuation in Australia. Read more
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