Any Australian resident hoping to receive the Age Pension must actively apply for this government-funded benefit. You don’t automatically receive the Age Pension when you reach a certain age, or when you satisfy the other eligibility requirements. You must complete special Centrelink forms and submit those forms to Centrelink (Centrelink is part of the Department of Human Services).
When you do apply for the Age Pension, you must also satisfy certain requirements:
- You must have reached Age Pension age (although you can submit your claim up to 13 weeks before you reach Age Pension age)
- You must be an Australian resident for at least 10 years (or meet one of the residency exceptions), and note the residency rules become tighter from July 2018.
- You must meet an income test and an assets test, which enables you to be paid a FULL or PART Age Pension
Later in this article, I explain the steps involved in claiming the Age Pension.