Those who are eligible to receive the age pension scheme through Centrelink, the funding from 2024 for Australian seniors, for single applicants over 65, stands at $1,144.40 fortnightly, translating to a maximum annual income of $29,754, provided the applicants are eligible for it. Similarly, married persons allowed to get $864.60 annually or up to $22,428 under the Centrelink Age Pension 2024. Couples can start getting a couple’s old age pension of $1,725.20, or $44,855 per year. Most information is available on the official website; you are better off checking.
We suggest you visit www.servicesaustralia.gov.au for Services Australia. Those above 65 years and whose birth date falls after 1957 are eligible to apply for the Australian Old Age Pension. The Centrelink Age Pension Eligibility Criteria 2024 mentions that the government will look at your income along with your assets. In essence, living circumstances will be assessed by both income and asset tests to see whether the pension withholding is required or not. For the Centrelink Age Pension 2024 in Australia, the income criteria are calculated using deeming rates on the prospective income derived from the assets.
Centrelink Age Pension 2024
The current income thresholds for the single applicant is 62,600 dollars and for the couple is 103,800 dollars. An applicant earning an amount above the threshold figure shall be deemed at 2.25%.It is on you to go through the terms and conditions, as well as to keep yourself informed, which will further help in maximizing your old age income by frequently visiting Centrelink’s official website.
Australia Old Age Pension 2024
| Program | Australia Old Age Pension 2024 |
| Nation | Australia |
| Government | Government of Australia |
| Name of the Income | Old Age Pension |
| Year | 2024 |
| Authority | Services Australia |
| Amount | $1,144.40 |
| Date | September 2024 |
| Frequency | Monthly Payment |
| Objective | Finance |
| Official Website | www.servicesaustralia.gov.au. |
Centrelink Age Pension Eligibility Criteria 2024
Eligibility Criteria 2024 for Centrelink Age Pension:
- Application to the Centrelink for old-age pension is open to only Australian Nationals with valid permanent visas.
- A candidate applying for an old-age pension needs to be over 65 years of age.
- Income caps for single elderly candidates cannot be higher than $ 62,600 whereas it is $ 103,800 for couples.
How To Claim Centrelink Age Pension 2024
These steps will let you claim your Centrelink Age Pension for 2024.
- In Australia, the old age pension is granted to people who come under all the requirements listed above in the eligibility criteria.
- Please apply only if you come under the eligibility criteria.
- You can easily go onto the official handle and log in with MyGov on the website as you satisfy all the requirements against Old Age Eligibility.
- Go onto the same website and click on the application form.
- Make sure all the information you fill out on this form is valid and updated.
- After verifying all facts, submit your form for processing, awaiting the authorities to complete verification of your application and its supporting documents.
Centrelink Age Pension Amount 2024
| Eligible Candidates | Centrelink Age Pension Amount 2024 |
| Single | $29,754 |
| Each Married Individual | $22,428 |
| Combined For Couples | $44,855 |
Centrelink Age Pension 2024 : Fact Check
This article will outline the old age pension program in Australia: criteria for it, the process of how one applies, and the amount one expects to get. Writing this essay was supported by research and analysis of the most relevant online data. For better accuracy, we recommend that all follow guidance from the official website only, since we do not support our audience in following through with details from sources other than affiliated ones.
FAQs
When are the payment dates?
Payments occur every two weeks.
Are there income limits for eligibility?
Yes, income limits apply for eligibility.
How do I update my details?
Update details online or visit Centrelink.