In the past decade we have experienced many changes to the Age Pension rules. The most important and dramatic Age Pension changes that have taken place over the past 10 years or so are set out below. The eligibility tests have become a lot tougher, although the Age Pension rate continues to increase.
The changes outlined in this article affect how much Age Pension an Australian retiree can receive. Along with the one-off changes explained in this article, the Age Pension rules are subject to the following regular changes: