The Australian Age Pension is a critical government benefit that helps older Australians maintain financial independence during their retirement. In 2025, the maximum Age Pension payment for a single person is $1,149 per fortnight, while a couple can receive up to $1,732.20 combined.
This payment assists retirees who no longer have a regular income and helps cover essential expenses such as healthcare, food, and housing.
However, eligibility for the full Age Pension depends on age, residency, income, and assets. This article will cover all the essential details about eligibility, income and asset tests, and how to apply for the $1,732 Age Pension.
Eligibility Criteria for the Age Pension
To qualify for the Age Pension, you must meet certain age and residency requirements, in addition to passing both the income and assets tests.
| Eligibility Criteria | Details |
|---|---|
| Age | Must be 67 years old or older to apply. |
| Residency | Must be an Australian citizen or permanent resident who has lived in Australia for at least 10 years. |
| Income and Assets | Must pass the income test and assets test (discussed below). |
Australia Age Pension Income Test and How It Works
The income test assesses the total income of you and your partner, which includes wages, pensions, investments, and superannuation. If your income is above certain thresholds, your Age Pension payment may be reduced.
Income Test for Single Pensioners:
| Income Range | Pension Payment |
|---|---|
| Up to $212 per fortnight | Full Age Pension |
| Over $212 per fortnight | Pension reduced by 50 cents for each dollar over $212 |
Income Test for Couples:
| Income Range | Pension Payment |
|---|---|
| Combined income up to $372 | Full Age Pension |
| Over $372 per fortnight | Pension reduced by 25 cents for each dollar over $372 |
The Work Bonus allows pensioners to earn additional income without reducing their pension, up to a certain limit.
AUS Age Pension Assets Test
The assets test looks at the total value of your assets, such as property, savings, and investments. If your assets exceed certain thresholds, your Age Pension will be reduced.
| Assets Limits for Full Pension | Homeowner | Non-Homeowner |
|---|---|---|
| Single | $314,000 | $566,000 |
| Couple (Combined) | $470,000 | $722,000 |
Assets Limits for Part Pension:
| Assets Limits for Part Pension | Homeowner | Non-Homeowner |
|---|---|---|
| Single | $697,000 | $949,000 |
| Couple (Combined) | $1,047,500 | $1,299,500 |
How Much Can You Expect to Receive?
The amount you receive depends on your income, assets, and relationship status. Below is a breakdown of the full pension rates:
- Single Pensioner: $1,149.00 per fortnight
- Couple (Living Together): $1,732.20 per fortnight (combined)
For those on transitional rates, the pension is slightly lower:
- Single Pensioner: $944.80 per fortnight
- Couple (Living Together): $1,524.60 per fortnight
Steps to Apply for Age Pension
- Gather Required Documents: Proof of income, assets, age, and residency.
- Create a myGov Account: Link your Centrelink account to apply online.
- Complete the Application: Fill out the online claim form with all required information.
- Track Your Application: Use your online account to monitor your claim’s progress.
- Receive Notification: Once processed, you’ll receive a notification of your eligibility and payment details.
Alternative Ways to Apply
If you cannot apply online, you can fill out a paper form or visit a service centre to apply in person. Centrelink staff will be available to assist you throughout the process.
The $1,732 Australia Age Pension is an essential financial support for older Australians, providing them with the resources to live independently and comfortably in retirement.
By understanding the eligibility criteria, income, and assets tests, and following the application process, you can secure the support you need for a stable retirement.
FAQs
Who is eligible for the $1,732 Age Pension?
You must be 67 years old, an Australian citizen or permanent resident, and meet the income and assets tests.
How much will I receive from the Age Pension?
A single pensioner can receive $1,149 per fortnight, and a couple can receive $1,732.20 per fortnight (combined).
How can I apply for the Age Pension?
You can apply online through myGov, visit a service centre, or complete a paper application.