Australians turning 67 years old in 2025 and meeting age, residency, income and asset restrictions will be eligible to access the Age Pension with the new payment rates changes coming into effect September 2025. Below is a complete guide on how to make a claim, what the benefits are, and how to check for eligibility. Subsequently, in 2025, all Australians 67 years and older will be eligible for the Age Pension, provided they meet residency and other restrictions.
You will be required to complete 10 years of residency, 5 of which will be consecutive. If you have lived and/or worked in a country with a social security agreement, you may meet the requirements with less than 10 years of residency in Australia. You will also have to meet income and assets limits set by the government which will involve property, a superannuation fund, and savings.
Most of the process will happen online. You will need to create a Centrelink account and link it with myGov. You will be able to submit claims for up to 13 weeks before turning 67. You will need documents to show income, assets, residency, and other identification details. If you are unable to claim online, you will be able to use paper forms or make an appointment at a service centre. If both members of a couple qualify and have accounts they can make a joint claim.
Key Benefits and Changes to Rates
The Age Pension provides financial assistance that is adjusted for inflation and reviewed every six months, with the new figures set for 20 September 2023. Each fortnight, singles will now receive $1,178.70 and couples $1,777.00 (total). These amounts include the additional allowances such as the Energy supplement. These recent increases are $29.70 for singles and $44.80 for couples every fortnight and now bring the annual assistance to $30,646 for singles and $46,202 for couples, combined.
Income and Asset Testing
Your earnings and the income generated from your investments are subject to the income assessment for the purpose of the Age Pension which is subject to deeming rates. From September 2023, the first $64,200 (singles) and $106,200 (couples) will be deemed at 0.75% and 2.75% at the schedule of income for investments. Payments will be gradually decreased when income and assets cross the set limits. This is in place to ensure the pension is given primarily to the people who need it most.
ESpecial Support and Considerations
Apart from receiving a pension payment, retirees, as long as they meet the eligibility criteria, will also receive additional supports like the Commonwealth Seniors Health Card and Commonwealth Seniors Heath Concessions. This reduces the cost of living and health care significantly. Eligible retirees that are not receiving a full pension will have some amount paid to them, and pensioners carved from illness are rated higher. Financial counseling is available along with the the help of online calculators to determine the available options for one’s individual situation.
Data Table: Key Eligibility Criteria
| Criterion | Value (2025) | Notes |
|---|---|---|
| Minimum age | 67 years | By birth date |
| Residency | 10 years, 5 consecutive | With exemptions |
| Max single rate | $1,178.70/fortnight | Inc. supplements |
| Max couple rate | $1,777.00/fortnight | Combined |
Frequently Asked Questions.
Q1. Can superannuation affect my eligibility for a pension?
Yes. Super savings are counted as assets and may affect eligibility as a result.
Q2. How far in advance can a claim be made?
Up to 13 weeks before turning 67.
Q3. Are there health card benefits for partial pensioners?
Yes, part pensioners may also receive the Commonwealth Seniors Health Card for medical discounts.
