Government Age Pension eligibility

The Age Pension is the main government income support payment for older Australians. Many people are eligible to receive support once they reach the Age Pension age.

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Aged 67 or over

The qualifying age depends on when you were born. From 1 July 2023, you must be at least 67.
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An Australian resident

Generally, for at least 10 years in total with at least 5 consecutive years within this timeframe.
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Under income and asset limits

These limits consider things like your income, super, investments, property and more. Different limits apply to couples and singles. 

Services Australia (Centrelink) determines your eligibility and payments. Visit Services Australia for the full conditions for the Age Pension.

  • More on income limits
    Centrelink uses an income test to work out if you’ll qualify. This table shows the income limits as at 20 September 2023.
    If you're To be eligible for the maximum Age Pension you must earn less than You won’t be eligible for any Age Pension if you earn more than
    Single  $204 per fortnight $2,397 per fortnight
    A couple $360 (combined) per fortnight $3,667 (combined) per fortnight

    Different limits apply if you have dependants, qualify for the Work Bonus or receive other government support, like rent assistance or disability payments. The income limits include all sources of income, including your UniSuper retirement income stream. But different rules apply depending on the type of income stream you have. See Services Australia for more on the income test.

  • More on asset limits
    Centrelink also considers the value of your assets to work out if you’ll qualify. This table shows the asset limits as at 20 September 2023.
    If you're a To be eligible for the maximum Age Pension your assets must be under You won’t be eligible for any Age Pension if your assets are worth more than
    Single homeowner $301,750 $667,500
    Single non-homeowner $543,750 $909,500
    Couple homeowner $451,500 $1,003,000
    Couple non-homeowner $693,500 $1,245,000
    • Different limits may apply if you’re a couple that’s separated due to illness or you receive other government support, like rent assistance.
    • Your principal home and the first 2 hectares of land it’s on doesn’t count in the asset test.
    • Different rules apply depending on the type of UniSuper account you have. Visit Services Australia to see more about limits and which assets are included.
     

Age Pension rates

The government usually updates the Age Pension rates every March and September. There are different rates depending on your circumstances. The table shows the maximum basic Age Pension rates for singles and couples each fortnight, as at 20 September 2023.
If you're Maximum Age Pension payment
Single $1,002.50 per fortnight
A couple $755.70 (each) per fortnight
$1,511.40 (combined) per fortnight

Remember, you may receive a lower amount or extra support depending on your circumstances. Visit Services Australia for more on the rates and conditions.

How to apply for the Age Pension

Apply for the Age Pension through Centrelink.

If you qualify, information about your UniSuper income stream will be one of the things Centrelink will use to decide how much you’ll get.

UniSuper provides information about members’ income streams directly to Centrelink at different times throughout the year.

  • Flexi Pension and Term Allocated Pension: February and August
  • Lifetime Income: April
  • Defined Benefit Indexed Pension: July

Outside of our regular reporting, you may need to request an income stream schedule to inform Centrelink about changes to your account (such as if you take a lump sum amount other than your normal payment) as they happen. If required, you can generate an income schedule for your Flexi Pension through your online account at any time.

Other government entitlements

You may be able to receive other support payments or benefits, such as cheaper healthcare, medicines and transport.

The Pensioner Concession Card is given to everyone who receives the Age Pension.

The Commonwealth Seniors Health Card is available to eligible people who have reached Age Pension age.

Speak to someone who knows retirement inside out
A  qualified financial adviser can help you structure your super and other finances to make the most of your money and help you claim your government entitlements. 

Discover more about planning for your retirement

The Age Pension
Find out about eligibility requirements for the Age Pension, what support it offers retirees, and how to claim it.
The Age Pension income test
Find out what’s considered income in the Age Pension Income and Assets test, what the income cut off points are, and how it relates to your super.
The Age Pension assets test
Find out what’s considered an asset in the Age Pension assets test, how your assets will be valued, and how it all relates to your super.
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