The Age Pension is a regular fortnightly income that helps eligible older Australians pay for basic living expenses. As of 20 March 2018, the maximum that a single person on the pension can receive is up to $23,597.60 per year. For a couple, it’s $17,786.60 per year (each).
Get pension payments with your super
You don’t have to spend all of your super before you can access the pension. When you transfer your superannuation to a retirement income account (like our Choice Income account) you can draw payments alongside any Age Pension payments that you may be eligible for.
Before you can
receive your first pension payment, you’ll need to meet age and residency requirements
set by the government.
If you meet these conditions, you’ll then need to pass
two more tests: an Assets test and Income test. These tests are used to
determine your eligibility and the Age Pension payment amount you
When can I access the Age Pension?
If you're eligible for the Age Pension, you'll be able to access it when you reach your qualifying age.