Who is eligible
- Age Pension age is 67.
- Residency requirements apply.
- You must pass both the income test and the assets test; whichever gives the lower rate applies.
How super counts
Once you reach Age Pension age, super counts in the assets test, and account-based pensions are deemed under the income test. Your family home is not counted in the assets test, but assets test limits are higher for non-homeowners.
Thresholds change
Rates and thresholds are indexed in March and September. Check current figures on Services Australia, or use their Payment and Service Finder.
Planning moves
- Timing of gifts (gifting limits apply).
- How you structure super between partners.
- Funeral bonds and home improvements: legitimate but need care.
- A downsizer contribution affects assets.
Retirement planning in Brisbane.
Quick answers
What is the Age Pension age?
67, per Services Australia.
Sources
General advice warning. This article is general information only and does not take into account your objectives, financial situation or needs. Rules and thresholds change; check the sources above. Consider the relevant PDS and our Financial Services Guide and seek personal advice before acting. FinForce is authorised under Financial Force Pty Ltd AFSL 238337. Shay has been authorised since 18 October 2011.