The Economic Times

What is Australias Age Pension? Important things Aussies at 55 should know before retirement - Check Eligibility, Maximum Amount and More

Australia's Age Pension offers vital support for retirees, with eligibility hinging on age (currently 67), residency, and financial assessments. Both income and asset tests, which exclude the primary home, determine payment amounts. Understanding these rules early is crucial for effective retirement planning, as maximum fortnightly payments vary for singles and couples based on their financial standing and homeownership.