There are a number of recent changes for those of Age Pension age or approaching retirement. From 1 July 2017, the age to be eligible for the Age Pension is changing.

Clients who were born on or after 1 July 1952 will need to be aged 65 years and six months before being eligible, and the Age Pension age will then go up by six months every two years until 1 July 2023, when the Age Pension eligibility age will be 67.

If you are currently getting an income support payment, you can expect to get a letter from the Department of Human Services nine weeks before they reach eligibility age, inviting you to transfer to the Age Pension.

For those not in receipt of a payment from the Department, they are able to submit their claim up to 13 weeks before reaching Age Pension age.

 

Source: FPA