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Financial Literacy for Everyone

Be a Money Superhero

Join the Guardians of the Galaxy in this exciting new comic about the importance of saving money and teaching kids about wants and needs.

Pension

Some Australians qualify to receive the age pension. If you meet certain income and asset tests, and have reached a certain age, you may quality. For women, you need to be 64 and a half to receive the age pension and for men the age is 65.

The age pension is designed to support people with few assets in their retirement. To qualify for a full pension, you can only earn a small amount each week. But you may qualify to receive a partial pension if you are still earning income above this amount.

For more information about pension amounts for couples and singles, the means and asset testing for Australian pensions, as well as information about other benefits you may be able to claim when you reach retirement, go to the Department of Human Services’ website.