Prepare to transfer to Age Pension
If you get Special Benefit and you’re Age Pension age, you can apply to transfer to Age Pension.
What you need to know
You’ll need to tell us if you:
- want to transfer or not
- have superannuation.
If you don’t do this, we may stop your Special Benefit once you turn Age Pension age.
We’ll send the invitation to your online account, if you have one. If you don’t, we’ll post the invitation and form to you. We’ll fill in the online transfer or form with details we already know about you.
We may continue to pay you Special Benefit if you’re not eligible for Age Pension.
What the benefits are
If you transfer to Age Pension:
- you may get a higher rate of payment and more generous income and assets tests
- you’ll get a Pensioner Concession Card
- you may get the Work Bonus
- we exempt more land from the assets test if you live on a single land title covering more than 2 hectares.
Keep in mind, some of these factors may change based on your individual circumstances.
What happens if you stay on Special Benefit
Once you reach Age Pension age, we’ll automatically pay you the Pension Supplement. We’ll pay this to you with your regular fortnightly payment of Special Benefit. The supplement replaces the following allowances:
How to confirm your decision
You need to complete the online task or return the form we send you and confirm if you want to transfer to Age Pension.
You also have to tell us about any superannuation you have.
Read more about applying to transfer to Age Pension.
Page last updated: 12 March 2020
This information was printed 4 August 2020 from https://www.servicesaustralia.gov.au/individuals/services/centrelink/special-benefit/how-manage-your-payment/prepare-transfer-age-pension. It may not include all of the relevant information on this topic. Please consider any relevant site notices at https://www.servicesaustralia.gov.au/individuals/site-notices when using this material.