Age Pension: What is the pension age in Australia?

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Wally David

I’m a proud husband and father and I advise people on money for a living. My passion is educating people on their options by simplifying information into everyday language. I'm an authorised representative (318432) of Wealth Managers Pty Ltd, AFSL No. 232701.

Men and women currently aged 65 are eligible to apply for the Age Pension. However the qualifying age is about to change in future years.

The Government announced in 2009 that the Age Pension age will start increasing from 2017 to reach 67 years of age by 2023.

Five years on in the 2014 Federal Budget, plans were announced to further increase the Age Pension age to 70 years of age from 2035. This latest measure to raise the qualifying age to 70  is still subject to the passage of legislation.

The lift in pension age will occur in a staggered approach rather than in one swift increase.

Use the following table to work out your qualifying age.

Date of birth betweenEligible at age
1 July 1952 to 31 Dec 195365.5
1 Jan 1954 to 30 June 195566
1 July 1955 to 31 Dec 195666.5
From 1 January 1957 onwards67

For those wishing to retire early, it may mean relying on super and other savings between retiring from the workforce and reaching Age Pension age.

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