Who is eligible for age pension

Eligibility for the Age Pension in Australia is based on several criteria. To be eligible for the Age Pension, you generally need to meet the following requirements:

  1. Age Requirement: You must have reached the qualifying age for the Age Pension. The qualifying age varies depending on your date of birth. It is gradually increasing and currently 66 years and 6 months, based on a schedule implemented between 2017 and 2023.
  2. Residency Requirement: You must be an Australian resident and meet the residency requirements. Generally, you must have been an Australian resident for at least 10 years in total, with at least 5 years of continuous residence. There are exceptions and special conditions for certain categories of individuals, such as those who have lived in a country that has a social security agreement with Australia.
  3. Income and Assets Tests: The Age Pension is subject to both an income test and an assets test. Your income and assets are assessed to determine your eligibility and the rate of pension you may receive. The income and assets thresholds and limits vary depending on your circumstances, including whether you are single or in a couple. Depending on your level of income and the assets you own, you may qualify for either a full or part Age Pension.

It’s important to note that there may be additional factors and requirements that can affect eligibility for the Age Pension. These can include factors such as your employment history, past contributions to the pension system, and other specific circumstances.

To determine your eligibility and to get personalized advice based on your situation, it is recommended to visit the official Services Australia website  or contact Centrelink directly. They can provide accurate and up-to-date information regarding eligibility criteria, requirements, and the application process for the Age Pension