The Age Pension is a regular payment for eligible older Australians who have reached Age Pension age and meet residence, income and assets tests. Your payment rate may depend on your income, savings, investments, property and relationship status, and may include supplements or concessions. It is not paid automatically, so you generally need to claim through Services Australia and provide supporting information. Eligibility and payment amounts can change, so check the current rules and apply through servicesaustralia.gov.au for an assessment based on your circumstances.