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Centrelink Payments | Age Pension Eligibility 

(Information current as at 8 July 2020)

Reached age pension age:

Have you reached Age Pension Age, the table helps you calculate.

Under the income and assets test limits

Pensions have income and asset limits. If you are over these limits, you get a lower pension.

Income Test
Centrelink assess your income from all sources. This included financial assets such as superannuation. To work out how much your financial assets are worth as income, they use deeming.

Income test on your financial assets worth as income.

Asset Test
Pensions will not be paid when your assets are more than the amounts below.

Asset test when your assets are more than the limit for your situation. 

FOR MORE: information on income and assets test please see:  https://www.humanservices.gov.au/individuals/services/centrelink/age-pension/how-much-you-can-get/income-test-pensions 

An Australian resident, normally for at least 10 years

To get Age Pension, you need to have been an Australian resident for at least 10 years in total. For at least 5 of these years, there must be no break in your residency.

FOR MORE: information to determine which payments you are eligible for please visit the following website:
https://www.humanservices.gov.au/

If you would like to print this information please click here for PDF format.

Disclaimer:
The information provided in this information sheet does not constitute advice. The information is of a general nature only and does not take into account your individual financial situation. It should not be used, relied upon, or treated as a substitute for specific professional advice. We recommend that you contact Brentnalls SA before making any decision to discuss your particular requirements or circumstances.
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