Planning for retirement? There’s been talk about Australia lowering the Age Pension eligibility to 65, but that’s not true. The pension age remains 67 in 2025, offering vital support for retirees with limited savings. This guide clears up the confusion, outlines how to qualify, and shares the latest payment rates to help you plan.
Fact Check: Pension Age Stays at 67
Recent claims about the Age Pension dropping to 65 are inaccurate. The eligibility age has been 67 since July 1, 2023, reflecting longer lifespans and rising retirement costs. 0 Services Australia confirms no plans to lower it in 2025. 6 Always check servicesaustralia.gov.au for official updates to avoid rumors.
What Is the Age Pension?
The Age Pension is a government payment for Australians 67 and older who meet income, assets, and residency tests. 0 It’s a safety net for those with limited superannuation or savings, helping cover essentials like rent, food, and healthcare.
Who Qualifies for the Age Pension?
To get the pension, you must meet these criteria:
- Age: Be 67 or older. 0
- Residency: Live in Australia for 10 years total, with 5 consecutive years. 0 Some overseas time counts under international agreements.
- Income Test: Earn under $218 fortnightly (singles) or $380 (couples) for the full pension; partial pensions taper off. 3
- Assets Test: Limits vary—$321,750 for single homeowners, $554,250 for non-homeowners. 2
Payment Rates for 2025
Payments increased on September 20, 2025, to keep up with inflation. 12 Rates include base pension, supplements, and energy relief. Here’s the latest:
| Category | Fortnightly Payment | Annual Equivalent |
|---|---|---|
| Single | $1,178.70 | $30,646.20 |
| Couple (each) | $888.00 | $23,088.00 |
| Couple (combined) | $1,776.00 | $46,176.00 |
Your amount depends on income and assets—use Centrelink’s online calculator for precision. 12
How to Apply for the Age Pension
Start early—apply 13 weeks before turning 67 via myGov or a Centrelink office. 0 You’ll need:
- Proof of identity (e.g., passport).
- Income details (wages, super, investments).
- Asset records (savings, property, minus your home).
Payments begin once approved, typically fortnightly. 0 Call 132 300 for assistance.
Why This Matters for Retirees
The Age Pension offers stability for those who can’t work past 67 or lack enough super. It’s not a fortune, but it covers basics, easing financial stress. With payments indexed twice yearly, it stays relevant as costs rise. 12
Looking Ahead
The pension system faces pressure from an aging population. Future tweaks may focus on sustainability, but no major changes are set for 2025. 6 Plan your super and savings now for a smoother retirement.
FAQs
What is the Age Pension eligibility age in 2025?
You must be 67, not 65, as confirmed by Services Australia.
How much is the Age Pension for singles in 2025?
Up to $1,178.70 fortnightly, or $30,646.20 yearly, as of September 2025.
What are the residency requirements for the Age Pension?
Live in Australia for 10 years, including 5 consecutive years.
How do I apply for the Age Pension?
Apply via myGov or Centrelink 13 weeks before 67, with ID, income, and asset details.
Does income affect my pension amount?
Yes, full pension requires earning under $218 fortnightly (singles); higher income reduces it.