Age Pension

A Super Guide

The Age Pension eligibility age in Australia is currently 66 years. This age will progressively increase in six month increments until it reaches the age of 67 for all Australians by 1 July 2023.

In addition to the age requirement, your eligibility for the Age Pension depends on you:

• Being able to satisfy the Age Pension assets test,
• Being able to satisfy the Age Pension income test, and
• Meeting Australian residency requirements.

You will be eligible to receive either a full or part Age Pension provided your assets or income don’t exceed the thresholds of the respective tests, and you also satisfy both the age and Australian residency requirements. It’s important to understand that your super may be included in both your asset and income tests, and can therefore affect your potential Age Pension eligibility.

It’s possible to earn up to earn up to $300 per fortnight from paid employment without this amount being included in your Age Pension income test. This is known as the work bonus.

Age Pension rates for singles and couples (married or de facto) are adjusted very six months based on changes in the Consumer Price Index (CPI), Male Total Average Weekly Earnings, and the Pensioner and Beneficiary Living Cost Index.

Learn about the key aspects of the Age Pension in the following SuperGuide articles: