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Home / In retirement / Age Pension / Quiz: Age Pension rules

Quiz: Age Pension rules

September 1, 2019 by SuperGuide Leave a Comment

Reading time: 1 minute

Take the following 10-question quiz to test your knowledge on the Age Pension rules.

Don’t worry if you don’t know the answer to a question. Have a go anyway and we’ll let you know the correct answer, as well as providing you with a link to a relevant article.

If your answer is correct, you will see a green tick. If your answer is incorrect you will see a X and the correct answer will be in bold.

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1. Which of the following is an Age Pension residency requirement?
- You have been an Australian resident for at least ten years (and at least five of those years have been consecutive)
- You have been a female Australian resident for the past two years and you are the widow of an Australian resident
- You were receiving an Australian widow’s pension or allowance (or a partner allowance) immediately before you reached your pension eligibility age
- All of the above
2. How long are you allowed to be overseas before you must inform Centrelink if you are receiving the Age Pension?
- Six weeks
- Six months
- One year
- Two years
3. What is the current Age Pension eligibility age?
- 65 years
- 65 years and 6 months
- 66 years
- 67 years
4. Which of the following statements is correct?
- If you satisfy both the Age Pension assets test and the Age pension income test, you’ll be paid on the test which provides you with the higher pension amount
- If you satisfy both the Age Pension assets test and the Age pension income test, you’ll be paid on the test which provides you with the lower pension amount
- You only need to pass the Age Pension assets test or the Age Pension income test to qualify for the Age Pension, not both
- None of the above
5. What happens if you’re in a living arrangement with a partner and only one of you is eligible for the Age Pension?
- You’ll receive the single rate of the Age Pension
- You’ll both receive no Age Pension at all
- You’ll receive half the combined couple rate of the Age Pension
- None of the above
6. Which of the following assets would NOT be included in your Age Pension assets test?
- Your superannuation balance
- Investment properties you own
- Motor vehicles you own
- Your family home
7. Which of the following statements is correct?
- The Age Pension income test is passed by fewer Australians than the Age Pension assets test
- The Age Pension income test is passed by more Australians than the Age Pension assets test
- The Department of Human Services assesses your net income (i.e. your after-tax income) from all sources to determine your eligibility for the Age Pension
- None of the above
8. Which of the following criteria are used to assess your eligibility for the Age Pension work bonus?
- You have reached your Age Pension eligibility age
- You’re still earning income from working
- You’re not currently receiving a single parenting payment
- All of the above
9. Which of the following is personal information that you’ll need to provide when applying for the Age Pension?
- Your tax file number
- Accommodation details (your living arrangements)
- Your passport details if you have ever travelled overseas
- All of the above
10. What is the "deeming rate"?
- The rate of return that you actually receive from the different types of investments you have
- A standard rate that the Department of Human Services uses to assess the income you receive from different types of investments you may have for the Age Pension income test, regardless of whether you actually earn that rate or not
- The market value of your assets for the Age Pension assets test
- None of the above

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