Age Pension Eligibility
Age Pension Eligibility
Determining your Age Pension eligibility can be complex. Retirement Essentials offers a user-friendly Age Pension Eligibility Calculator. This tool simplifies the process, providing a quick and personalised estimate of your potential entitlements in under five minutes.
Are you eligible for the Age Pension?
Age Pension Income & Assets Tests
To qualify for the Centrelink Age Pension you must pass both the Income and Assets test and meet the minimum age and residency requirements.
Income Test – Your assessable income must be less than $65,416 if you’re a single person, or $99,954 if you’re a couple.
Asset Test – If you’re a home owner, singles can have up to $704,500 and couples $1,059,000. If you’re not a home owner, singles can have up to $962,500 and couples $1,317,000
Age is the first requirement. You must be at least 67 to be eligible for the Age Pension.
Residency – You 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).