The Age Pension is a Centrelink payment for eligible older Australians, subject to age, residency, income and assets tests. This page is general information only.
Age and residency requirements
Eligibility requires reaching a qualifying age (which has progressively increased over recent years) and meeting Australian residency requirements — generally including a minimum number of years as an Australian resident.
Income and assets tests
The Age Pension is both income-tested and assets-tested, with the payment calculated under whichever test results in the lower amount — assets include most property (other than your main home in most cases), savings, and investments, with thresholds that differ for homeowners and non-homeowners.
Part pensions and other benefits
Many recipients receive a part pension rather than the full rate, and even a small pension amount can provide access to concession cards offering other benefits, such as discounts on energy bills or health costs — see our guide on concessions and rebates for related support.
Where to check current details
Because pension rates and thresholds are indexed and updated regularly, always check current figures and use the official calculators on servicesaustralia.gov.au to estimate your own situation.