Pension

  IN THIS SECTION
   Will you get a pension?
   Claiming Your Pension
   Overseas
   Age Pension
   Disability Support Pension
   Pension Bonus

The Australian government offers an Age Pension for older citizens who cannot fully fund their retirement through an allocated pension. This pension is paid through Centrelink. Pension payments are described by the government as an “adequate” income in retirement. However, many seniors would not agree as a single Age Pension entitlement, with all supplements, is currently around $19,400 per annum.

Not every Australian will be eligible for an Age Pension.

government centrelink age pensions disability seniors

There are certain income and asset tests you need to pass and also Age and Residential requirements that need to be met.

This site keeps you up-to-date with pension increases, the disability support pension and changes to Centrelink rulings including whether you can still claim your pension while overseas.

Pension advance payments

Pension advance payments

A pension advance payment could help Tracy deal with a couple of unexpected bills.

Top Stories

  1. Changes to Age Pension age
  1. Changes to Age Pension age
  1. Is Newstart classed as income?
  1. Pension Bonus Scheme closing soon
  1. Gift or income?

Will downsizing affect my pension?

Will downsizing affect my pension?

Elise is unsure how the proceeds of her house sale and gifting may affect her ...

Asset test tables

Asset test tables

View the tables below to find out the Asset Test Limits.

Income test limits for pensions

Income test limits for pensions

The new part pension limits which apply from 20 March 2014 could be beneficial.

Will I lose my part Age Pension?

Will I lose my part Age Pension?

How will a casual income affect Peter’s part Age Pension?

Centrelink assessment of gifts

Centrelink assessment of gifts

Anne would like to know if a gift of $10,000 will affect the Age Pension.

Why is my Age Pension reducing?

Why is my Age Pension reducing?

Mariam can’t understand why her Age Pension reduces when her husband earns money.

Will you get a pension?

Which Age Pension will I get?

As a New Zealand citizen, Barry is unsure if he is entitled to an Australian Age Pension.

Which Age Pension?

Couple's Age Pension quandary

Jeff would like to know if he will receive a single or couples Age Pension.

Will I get a couple's Age Pension?

Centrelink income and asset limit update

Find out if you now qualify for a part or full Age Pension

Can you get a pension?

Age Pension

A response to pension cuts

Richard shares his strong opinion on why a pension cut would be a mistake.

Can you add to his suggestions?

Pension advance payments

A pension advance payment could help Tracy deal with a couple of unexpected bills.

Centrelink advance payment options

Age Pension increases March 2014

For those who receive an Age Pension or Disability Support Pension, the increases, which will take effect from 20 March 2014, have been announced.

Is it enough?

Claiming Your Pension Overseas

Centrelink’s residency requirements

When applying for an Age Pension you must meet residency requirements

Can you get an Age Pension?

Overseas pensions

YOURLifeChoices subscriber Ronnie is based in the US and would like to know more about claiming an Australian Age Pension from across the pond and not being liable for tax. Q. Ronnie I'm looking for information on Australian pensions being paid while living in ...

Claim your pension overseas

Claiming Age Pension from overseas

YOURLifeChoices subscriber Emmie, is now eligible to claim the Age Pension but is currently living in Vietnam. She would like to know if she can make her claim from outside Australia. Q. Emmie I am an Australian citizen and have become ...

Claim now

Disability Support Pension

Pension advance payments

A pension advance payment could help Tracy deal with a couple of unexpected bills.

Centrelink advance payment options

Possible DSP changes

Sue has heard that there may be changes to the hours which one can work while claiming the Disability Support Pension and would like this clarified.

How many hours can you work?

Choosing the right Pension

The different features of the Age Pension and the Disability Support Pension explained

Which pension is right for you?
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Pension increases

Pension increases

From 20 March 2012 pension rates will increase in line with cost of living increases. This will result in an increase of $6.70 for a single Age Pension.

Will your pension increase?

Income test limits for pensions

Income test limits for pensions

The CPI rise in pension payments is also reflected by an increase in the amount of income you can receive before you lose your pension completely.

Centrelink income tests

Utility bills are on the rise

Utility bills are on the rise

YOURLifeChoices shows how to reduce your power costs and make your life that little bit easier.

Reduce your power costs now

Increased asset test limits

Increased asset test limits

Asset limits have been reviewed and increased in line with recent CPI pension increases.

Centrelink asset test

Guide to Centrelink

Guide to Centrelink

YOURLifeChoices answer your questions on the Age Pension, Starting retirement and using Centrelink Online Services.

Your Centrelink questions answered