The age test is the qualifying age, the age you must be to receive the Age Pension in Australia.
The Age Pension in Australia is designed to provide income support to older Australians who need it, while still encouraging pensioners to maximise their overall incomes.
According to the government’s Money Smart website, around 65% of older Australians rely on the Age Pension or another government allowance as their main source of income during their retirement.
To find out how to apply for the Age Pension, read this article.
You can make a claim to receive the Age Pension online, over the phone (132 300), or in person at your local Centrelink office.
Getting older doesn’t mean that our need for closeness and companionship goes away.
Many people in their 50s and older find themselves newly single, or simply decide now’s the time to find a partner.
You may have more free time and want to share that time with somebody, or you may miss having physical contact.
But the thought of meeting someone new can feel daunting, especially if you’ve spent years, or decades, in the same relationship or been on your own for a long time.
If you chose to work past Age Pension age, the Work Bonus will be applied and 0 of income from wages will be excluded from assessment.
Asset test Your claim for an Age Pension will also be subject to an asset test and should you exceed the asset disqualification limit, you will not receive an Age Pension.
It is quick and easy to use – just enter your month and year of birth, and it will tell you what age you will be eligible for the Age Pension (your Age Pension eligibility age) and what age you can access your superannuation (your super preservation age).