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Age Pension Eligibility

To qualify for the Centrelink Age Pension you must pass both the Income and Assets test and meet the minimum age and residency requirements.  

 

Age is the first requirement. You must be at least 66 and 6 months. Note that this age requirement will increase by 6 months every 2 years until July 1, 2023, when it will be 67 years.

ResidencyYou don’t have to be an Australian citizen to qualify for the Centrelink Age Pension.  But you must have been a Permanent Resident for at least 10 years AND have lived in Australia for at least 5 years of those 10 uninterrupted (excluding short holidays).

Income Test Your assessable income must be less than $56,295 if you’re a single person, or $86,154 if you’re a couple.

Asset Test – If you’re a home owner, singles can have up to $609,250 and couples $915,500. If you’re not a home owner, singles can have up to $833,750 and couples $1,140,000

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