Freecall 1800 025 241

MON - FRI 8:30AM - 5PM (NSW TIME)

What is the Age Pension?

For many Australians, one of the major lifestyle changes which comes with getting older is that you may need to apply for the Age Pension.  The Age Pension may be your main income source in your retirement years, or a supplement to help cope with the costs of living as you age.  

How it Works

The Age Pension is a government income support payment paid to eligible Australians who have reached Age Pension age.  The Age Pension is income and assets tested which means the amount you can get will depend on any other income you receive (from super, investments and paid work) and on the assets you own.

Do I Qualify?

To receive the Age Pension, you must be:

  • at least 65 years and 6 months old (the qualifying age depends on when you were born).
  • an Australian resident and be in Australia on the day you apply for an Age Pension, and have lived in Australia for over 10 years.
  • under the income and assets test limits.

For more information about Age Pension eligibility and payment rates, visit the Department of Human Services.

Other Concessions and Entitlements

Even if you don’t qualify for the Age Pension, there are other benefits you might be able to get:

  • Seniors’ Card
  • Rent assistance
  • Seniors Health Card
  • Pensioner Concession Card

For most people, the Age Pension alone is not enough to fund their retirement goals.  That is why a healthy super balance is so important.  Contact us to find out how you can boost your super savings for retirement.

Woman saving money in a piggybank - representing making extra contributions to her superannuation

How To Boost Your Super

Your superannuation is a key investment when it comes to saving for your retirement, and there are ways you can boost these savings. Your employer will contribute an amount equal to 9.5% of your salary into your super, and you may also contribute additional money as Concessional Contributions or Non-Concessional Contributions. Find out more.

Keep Reading

wedding couple at night with lighting and cafe in background

How Life Events Affect My Super

Life changes that can affect your super include a variety of events that most people will encounter at some point in their lives. Some of these types of events include starting a job, getting married, buying a home, having children, getting a tax refund or an inheritance, getting a separation or divorce, the death of a spouse, having an illness, redundancy, or losing a job. Learn more.

Keep Reading

Retired man drinking a coffee

What is the Age Pension?

The Age Pension is a government income support payment paid to eligible Australians who have reached Age Pension age.  The Age Pension is income and assets tested which means the amount you can get will depend on any other income you receive (from super, investments and paid work) and on the assets you own. Learn more.

Keep Reading

Young woman with a piggy bank, representing savings and superannuation for retirement

Planning Ahead For Your Desired Retirement

If you desire to live large during your retirement, you may need up to $1 million to finance your lifestyle. Getting there will require more than the Age Pension. You will need to consider additional strategies like boosting your super savings or extra investment. Learn more.

Keep Reading

Before you leave...
Are you a small business owner?
Submit your email address to receive a FREE Website Marketing Report, and tips to help you manage your business.
SUBMIT