How to prepare to claim Age Pension
There are several things to consider when you’re preparing to claim Age Pension.
Work Bonus if you work
If you work, we’ll apply your Work Bonus balance to offset your Work Bonus eligible income. We’ll do this before we apply the income test.
Renewing and replacing a Commonwealth Seniors Health Card
If you're eligible for a Commonwealth Seniors Health Card, we renew your card before it expires. We can also replace a lost or stolen card.
Interest rate for loans under the Home Equity Access Scheme
We charge an annual interest rate of 3.95% that compounds each fortnight on the Home Equity Access Scheme loan balance.
Repay your loan under the Home Equity Access Scheme
You can repay the loan you get under the Home Equity Access Scheme in part or full at any time.
Payment schedule and rates for people outside Australia
We’ll pay your pension differently if you live outside Australia on a permanent or long term basis.
Who can get Age Pension
To be eligible for Age Pension you must be Age Pension age and meet some other rules.
Income and assets from outside Australia can affect your Age Pension
If you or your partner get income from, or have assets outside Australia, this could affect your Age Pension.
Who can get the Work Bonus
You must meet eligibility requirements to get the Work Bonus.
Supporting documents for Commonwealth Seniors Health Card
We’ll ask you for some documents and information to support your claim for a Commonwealth Seniors Health Card.