How does the Age Pension work and what do beginners need to know before applying?

4 Sept 2026, 22:00
Q A Reader Asker

How does the Age Pension work and what do beginners need to know before applying?

A ClaimWise Team Answered by

The Age Pension is a regular payment for people who have reached Age Pension age and meet Australian residence, income and assets rules. Your payment rate, if approved, can depend on your income, savings, investments, property and relationship status, and the limits and rates can change over time. You can check your Age Pension age and use Services Australia's payment calculators before claiming. Applications are generally made through myGov linked to Centrelink, but Services Australia makes the final decision based on your circumstances.

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