Understand how super impacts your Age Pension
Superannuation & 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. Your superannuation balance directly influences your Age Pension eligibility through the assets test. While it doesn’t disqualify you outright, higher super balances can reduce or eliminate your Age Pension entitlements.
Income Test Your assessable income must be less than $65,260 if you’re a single person, or $99,746 if you’re a couple.
Asset Test – If you’re a home owner, singles can have up to $697,000 and couples $1,047,500. If you’re not a home owner, singles can have up to $949,000 and couples $1,299,500
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).
Calculate your Age Pension benefits
Superannuation & Age Pension
Understanding how your superannuation affects your Age Pension can be tricky—but it doesn’t have to be. Our easy-to-use Eligibility Calculator helps you see where you stand. In just a few minutes, you’ll get a personalised estimate of your potential Age Pension entitlements, taking your super into account.
