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Top Tips for Accessing Your Age Pension


If you are nearing your 66th birthday or indeed turning 66 this year, you should start to take a closer look at the Age Pension and how you can access this. Now we all know that dealing with Government applications are rarely straight forward and you could break a leg getting trying to get through the assault course of red tape. However we’ve got you covered.


Here are our top tips to help you access your age pension when you are ready and, get the money you deserve:


  1. If you are turning 66 this year, set a date to apply for your age pension application 12 weeks before your birthday. Why? The form can be tricky and the application process takes time. Start in advance to address any issues quickly and receive your pension payment on time


  1. If you are turning 66 this year, and are concerned you may not be entitled to the Centrelink Age Pension, check first and find out why. Your circumstances or the criteria may change and you want to be ready to apply as soon as you become eligible


  1. If you are turning 66 this year, and definitely not eligible for the Centrelink Age Pension all is not lost. Apply for the Commonwealth Seniors Health Card instead. This card is means-tested based on your income, and you could save more than $2,500 a year on healthcare costs


  1. Continue to check your eligibility for the Commonwealth Seniors Health Card. Return on investments and changes in deeming rates mean that your eligibility may have changed


  1. If you are receiving a part pension, regularly notify Centrelink of your most up-to-date asset valuations. A change in assets of as little as $1,000 can mean an extra $78 per year in age pension payments! Update the value of your vehicles and household contents, savings etc.


  1. Once you receive your age Pension Concession Card, make sure you apply for these five entitlements:

- Gas Rebate

- Electricity Rebate

- Water Rebate

- Council Rate Discount

- Driver’s License and Registration Concession


If you are 66 or over and still working or a few ways off accessing your 66th birthday, you can still access some useful benefits.


Give us a call on 08 92445 2955 and one of our Retirement Specialists can help you build your income so you can live well in retirement.

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This website contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information.

Sage Financial Group, ABN 85 009 388 916, trading as Sage Financial Group is an authorised representative of Charter Financial Planning, Australian Financial Services Licensee and Australian Credit Licensee, Licensee Number 234 665.