Age Pension age
The Age Pension age is 67. Claims can usually be lodged shortly before eligibility.
SourceServices Australia
Ocean Depths row · ages 62 to 71
The Age Pension age is 67. Claims can usually be lodged shortly before eligibility.
Medicare covers many costs but out-of-pocket expenses grow.
The family home is exempt from the pension assets test, but it is a key asset.
Pension is reduced as income and assets rise above set limits.
Lodging early avoids gaps in income.
Search these names on the department sites below. Links go to each department's home page.
Figures from published research for the age groups that cover 66–67. Sources often publish wider age groups, so the group shown is the one that includes these ages. They describe groups of people, not any one person. Checked 23 October 2026.
2025 Consumer Payments Survey. Share of payments made using cards.
30 June 2024. Per account, not per person, because many people hold more than one account. Median is the middle account; average is pulled up by large balances.
2019–20 financial year. By age of the household's reference person, as shown in the ABS graph. The ABS page does not say whether the values are averages or medians, so treat them as indicative.
Census 2021. Owners with and without a mortgage combined.
Census 2021. Share of people in the age group who lived alone.
2022. Share of people in the age group who provide informal care. About 11.9% of all Australians living in households (3.0 million) were carers.
2022. Share of people in the age group with disability. Overall 21.4% of Australians (5.5 million) had disability in 2022.
2024–25. Share of retirees aged 45 and over who retired at this age.
2020–2022. Remaining years of life, on average, for someone who has reached 65.
31 March 2023. Share of the age group receiving the Age Pension.
April 2021. Labour force participation of people aged 65 and over.
Dollar figures are in the dollars of the year shown. Average and median are not the same: the median is the middle value. Not financial advice.
Illustrative gross incomes: lower about $50,000, middle about $100,000, higher about $200,000 a year. For ages under 18, read these as household incomes. For retirement ages, read them as lower, middle and higher income and savings. They are examples, not official brackets.
Age Pension can be the main income. Rent assistance may apply to renters.
A part-pension may be paid depending on assets and income. Super drawdowns and pension combine.
Income and assets are often too high for the pension. Private income, tax and estate planning matter more.