Aged Pension

The purpose of the Age Pension is to make sure you have enough income in retirement. It is a fortnightly payment to help you meet the cost of living, if your retirement savings are below a certain level.

To be eligible for the Age Pension, you must have reached a certain age. If you satisfy the age criteria, your current level of wealth is then assessed to determine if you can receive a payment. You are also assessed based on:

  • Whether you are single or a member of a couple,
  • Whether you own your own home or not.

At what age can I apply for the Age Pension?

The qualifying age depends on when you were born.

An increase in the qualifying age for the Centrelink Age Pension from age 65 to age 67 will be phased in from 2017 to 2023. The qualifying age will be increased by six months every two years, commencing 1 July 2017 and reaching age 67 on 1 July 2023, as shown in the table below.

Date of birth

Women eligible for Age Pension at age

Men eligible for Age Pension at age



1 January 1949 - 30 June 1952



1 July 1952 - 31 December 1953



1 January 1954 - 30 June 1955



1 July 1955 - 31 December 1956



On or after 1 January 1957



NB: As an extra service we provide, you can also search the Centrelink website from our site by typing keywords into the eWombat search facility in the right hand panel - quicker and easier than going to the Centrelink site itself.

For further information on each of these payments and whether you may be eligible, please call 03 9542 3200 or

All information and advice is for the private use of the person to whom it is provided. Freedom Financial Planning Authorised Representative provides you with advisory services in accordance with the disclosures in the Financial Services Guide.

Freedom Financial Planning Pty Ltd ACN 105 923 117 is an Authorised Representative of Consultum Financial Advisers Pty Ltd, ABN 65 006 373 995, an Australian Financial Services Licensee with its registered office at Level 6, 161 Collins Street, Melbourne VIC 3000

Suite 29, 270 Ferntree Gully Road, Notting Hill VIC 3168

Telephone: 03 9542 3200e-mail:
Facsimile: 03 9542 3299

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