How the Age Pension works

You could be eligible for the Age Pension at 67

To be eligible to receive the Age Pension, there are some requirements including a minimum age.

Currently, most Australians are eligible to receive the Age Pension when they are 67.

Other Age Pension eligibility rules

To be eligible to receive the Age Pension, you must be Age Pension age and:

• You must be an Australian resident

You also need to be residing in Australia on the day you claim the Age Pension.

• You must meet the income test

The income test checks your fortnightly income as a single person  or a couple against maximum limits. Your income will affect whether you're eligible for a full pension, part pension or no pension from the government.

For more information, see the 'Income test for pensions' on the Services Australia website.

• You must satisfy the assets test

How much of the Age Pension you receive will depend on the value of your assets and whether you're single or in a relationship. The assets test assesses all of your assets, including any property or possessions you own in full, in part, or have an interest in. The full balance of your super or Retirement Income Pension account will be taken into consideration.

For more information, see the 'Assets test' on the Services Australia website.