Your supercan potentially affect how much, if any, Age Pension you receive in several ways.
As well as the amount you have in super, your partner’s age can have an impact, as can what you do with any money you withdraw from your super account.
How the Age Pension is assessed
For a detailed explanation of how the Age Pension is assessed, seeSuperGuidearticleAm I eligible for the Age Pension? But here’s a quick overview.
You are not eligible for the Age Pension until you reachAge Pension age, whichdepends on your date of birth. The age of eligibility increased to 67 years from 1 July 2023.
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About the author
Barbara Drury
Barbara is a financial journalist and author with over 30 years’ experience in Australia and the UK. She is a contributor to The Sydney Morning Herald and The Age Money section, and has worked for the Australian Financial Review and The Australian.
Barbara is the author of Alan Kohler’s Eureka Report Guide to Personal Investing, Sorting Out Your Finances for Dummies and Personal Finance for Dummies and co-author of Investing for Dummies with James Kirby.
Learn more about the Age Pension in the following guides:
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Age Pension In retirement Retirement planning strategies
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