Age Pension — How to Apply and Who's Eligible

The Age Pension is the foundation of Australia's retirement income system, providing income support for Australians of pension age (currently 67) who meet residence and means-test requirements. Around 2.5 million Australians receive the full or part Age Pension. This guide explains exactly who qualifies, how much you can receive, and how to apply.

Who is eligible for the Age Pension

• Age: You must have reached Age Pension age. As of 2026, the qualifying age is 67 (it gradually increased from 65 between 2017 and 2023).
• Residence: Generally you must be an Australian resident and have been so for at least 10 years total, with one continuous period of 5 years.
• Income test: Your income (from employment, super, investments) must be below certain thresholds. Below approximately $204/fortnight for singles, you receive the full pension. Above that, the pension reduces 50 cents in the dollar.
• Assets test: Your assets (excluding your primary home) must be below thresholds. For singles, the limit for full pension is approximately $314,000; for couples it's $470,000.

How much the Age Pension pays

• Single: up to approximately $1,144.40 per fortnight (including supplements). That's around $29,754 per year.
• Couple (each): up to approximately $863.50 per fortnight each ($1,727 per couple). That's around $44,902 per year as a couple.
• Includes the basic rate, Pension Supplement, and Energy Supplement.
• Additional payments may apply: Rent Assistance (if you rent), Pharmaceutical Allowance, and Pensioner Concession Card benefits.

How to apply for the Age Pension

• Apply up to 13 weeks before your 67th birthday. Don't wait — applications take time to process.
• 1. Set up myGov and link Centrelink (if not already done).
• 2. Start your claim online: myGov → Centrelink → Claims and Payments → Age Pension.
• 3. Provide details on: your work history, all sources of income, full asset list (including superannuation), partner's details if applicable.
• 4. Submit supporting documents — ID, residence proof, financial statements.
• 5. Attend any required appointments at your local Service Centre.
• 6. Wait for assessment (typically 4–8 weeks). Payment is backdated to your birthday or claim date, whichever is later.

Frequently asked questions

Can I work and receive the Age Pension?

Yes. The Work Bonus lets you earn up to $300/fortnight without affecting your pension. Beyond that, the standard income test applies.

Does my home count as an asset?

Generally no. Your primary residence is exempt from the assets test, regardless of value. Investment properties, second homes, and overseas property do count.

What if I have superannuation?

Superannuation in pension phase is counted under both income and assets tests. Lump sum withdrawals are also assessed. This is complex — consider speaking to a Centrelink Financial Information Service officer (free).