CentreLink - Age Pension

Eligibility

Men aged 65 and over
Women born between	Eligible Age
Before 1 July 1935	60.0
1 July 1935 and 31 December 1936	60.5
1 January 1937 and 30 June 1938	61.0
1 July 1938 and 31 December 1939	61.5
1 January 1940 and 30 June 1941	62.0
1 July 1941 and 31 December 1942	62.5
1 January 1943 and 30 June 1944	63.0
1 July 1944 and 31 December 1945	63.5
1 January 1946 and 30 June 1947	64.0
1 July 1947 and 31 December 1948	64.5
1 January 1949 and later	65.0

Assets Test - Home Owners

Family Situation	Full pension (per fortnight)	Part pension (per fortnight)
Single	$178,000	$562,000
Partnered (combined)	$252,500	$891,500
Illness separated couple (combined)	$252,500	$1,020,500
One partner eligible (combined)	$252,500	$891,500

Assets Test - Non-Home Owners

Family Situation	Full pension (per fortnight)	Part pension (per fortnight)
Single	$307,000	$691,000
Partnered (combined)	$381,500	$1020,500
Illness separated couple (combined)	$381,500	$1,149,500
One partner eligible	$381,500	$1,020,500

Income Test

Family Situation	Full pension (per fortnight)	Part pension (per fortnight)
Single	$142.00	$1,581.50
Single + 1 child	$166.60	$1,606.10
Couple (combined)	$248.00	$2,642.50
Illness separated couple (combined)	$248.00	$3,127.00
Additional children add $24.60 per child

Pension Bonus Scheme

Allows people who work and defer claiming Age Pension to earn a one off tax free lump sum bonus.
Must register before a bonus can be accrued. Earliest registration is the date when age and residence requirements are met.
Must work at least 960 hours of paid work each year for a minimum of 12 months from registration.

Rate if maximum pension payable.
Years (Bonus Periods)	Single	Partnered (each)
1	$1,392.60	$1,163.10
2	$5,570.40	$4,652.40
3	$12,533.30	$10,467.90
4	$22,281.50	$18,609.60
5	$34,814.80	$29,077.50