Age Pension in 2026: A Simple Guide for Australians Turning 67

Reaching Age Pension age is an important step. But the rules can feel confusing. This guide explains what you need to know in plain English — who qualifies, how much you get, and how to apply.

Who can get the Age Pension?

You may qualify if you:

• Are 67 years or older
• Are an Australian resident
• Have lived in Australia for at least 10 years (5 of them in one continuous period)
• Pass the income and assets tests

How much does it pay in 2026?

The maximum payment is around:

• Single: $1,178 per fortnight (about $30,645 a year)
• Couple combined: $1,777 per fortnight (about $46,207 a year)

These rates include the Pension Supplement and Energy Supplement. They are reviewed every March and September.

The income and assets tests

Centrelink looks at two things: how much you earn, and what you own.

Income test (full pension):

• Single: up to $218 per fortnight
• Couple: up to $380 per fortnight combined

Assets test (full pension, homeowner):

• Single: up to $314,000
• Couple: up to $470,000 combined

Your home is not counted. The lower of the two test results is what applies.

How to apply

You can apply online through myGov linked to Centrelink. You can lodge your claim up to 13 weeks before you turn 67.

1. Set up myGov at my.gov.au
2. Link Centrelink to your myGov account
3. Start your claim and upload your documents
4. Wait 6 to 13 weeks for processing

If you find online applications difficult, you can visit any Services Australia centre for help.

Bonus: the Pensioner Concession Card

When your Age Pension is approved, you automatically receive a Pensioner Concession Card. This card gives you:

• Cheaper prescriptions ($7.70 instead of $31.60)
• Bulk-billed doctor visits at many clinics
• Discounts on electricity, gas, and water (state-based)
• Cheaper public transport
• Reductions on council rates and car registration

What if I don't qualify?

If your income or assets are too high for the Age Pension, you may still qualify for the Commonwealth Seniors Health Card. It gives you cheaper medicines and healthcare. The income limits are much higher, and there is no assets test.

Common mistakes to avoid

• Applying too late. Claims usually cannot be backdated.
• Forgetting overseas assets. Properties or bank accounts overseas must be declared.
• Gifting too much. Giving away more than $10,000 in a year still counts as your asset for 5 years.
• Using replacement value for furniture. Centrelink wants second-hand value, which is much lower.

Final thoughts

The Age Pension provides essential support for many older Australians. Start preparing about three months before you turn 67. Gather your documents, check your income and assets, and book a free appointment with the Services Australia Financial Information Service if your situation is complicated.

Take it one step at a time. You don't have to figure it out alone.