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Increase in Age Pension AgeThe Government is introducing these changes as part of the Secure and Sustainable Pension reforms. The qualifying age for Age Pension for both men and women will be increased by 6 months every 2 years starting from 1 July 2017. At 1 July 2023, the qualifying age will reach 67. Frequently Asked QuestionsWhen will the changes be implemented?From 1 July 2017, the qualifying age for Age Pension will increase from 65 to 65½ years. The qualifying age for Age Pension will then rise by 6 months every 2 years, reaching 67 by 1 July 2023. These changes will be introduced 4 years after women’s qualifying age for Age Pension has reached 65, under existing rules. The table below describes the gradual increase in women’s qualifying age for Age Pension over the period leading up to 1 July 2013, and then the increase in qualifying age for both men and women from 1 July 2017.
[ return to top ] Which customer group(s) will be affected by this Budget measure? Are they new or existing customers?This change does not affect existing Age Pension customers and does not apply to people born before 1 July 1952. The increased age pension age will apply to those transferring to or claiming Age Pension who were born after 1 July 1952. The eligibility age for some other payments is also reliant on the age pension age and will consequently be increased. For example, customers lose eligibility for Newstart Allowance and Sickness Allowance when they reach age pension age. As age pension age increases, the age at which people lose eligibility for Newstart Allowance and Sickness Allowance will also increase. The qualifying age for the Commonwealth Seniors Health Card is age pension age, consequently this age will also increase in line with the change. The qualifying age for Department of Veterans' Affairs Service Pension will not be changing. [ return to top ] Will there be changes to a customer’s obligations or any reporting changes?No, there will be no changes to customer obligations or reporting requirements. [ return to top ] Is it a new measure that will affect existing customers?This measure will not affect people who have already reached the qualifying age for Age Pension. Customers receiving working age payments may remain on these payments for a longer period, providing they continue to be eligible until they reach the increased qualifying age for Age Pension. [ return to top ] Why does the change start in 2017?Deferring the increase in age pension age until 2017 means the increase in age pension age for women from 60 to 65 will be fully phased in. It also gives those who are affected time to consider adjustments to their retirement plans. [ return to top ] Who can I talk to about these changes?If you want to talk to someone about how these changes may affect you, call Centrelink’s enquiry line on 13 2300. [ return to top ] Did you find what you were looking for? You can also try the A to Z list, quick links, search, site help, we speak your language or send us feedback on how to make this a better website. |
