Even if you have super, you may still qualify for at least a part Age Pension from the government.
Even though Australians have had compulsory super since 1992, many of us will qualify for, and may need to rely on, an Age Pension to some degree in retirement.
The current age pension age is 66, however, this will increase (for those born from 1 January 1954) as shown in the table below.
|Commencement Date||New pension age||Affects people born|
|1 July 2019||66||From 1 Jan 1954
to 30 June 1955
|1 July 2021||66.5||From 1 July 1955
to 31 Dec 1956
|1 July 2023||67||From 1 Jan 1957
From 1 July 2023, the government has indicated that it intends to gradually further increase the eligibility age for the Age Pension to 70 years (by 1 July 2035).
Your eligibility for the age pension
You may be pleasantly surprised to find out that you could, in fact, qualify for an age pension. Perhaps you won't receive the full amount, but even a part pension can give a regular boost to your finances. To learn more please read our fact sheet Your Super and the Age PensionDownload PDF