Most useful information for retirement years

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  1. Top payments
  2. Age Pension

How to manage your Age Pension payment

Your options and obligations for Age Pension.

Deeming

Deeming rules are used to work out income from your financial assets. We add this to your other income and apply the income test to determine your payment rate.

  1. Work Bonus
  2. How it works

Work Bonus balance

We use your Work Bonus balance to offset your eligible income so you keep more of your pension if you’re working.

  1. How much you can get
  2. Choosing your loan payments

Maximum rate of pension for a loan under the Home Equity Access Scheme

The maximum pension rate we use for a Home Equity Access Scheme loan includes any supplements you get.

  1. Work Bonus
  2. How it works

Work Bonus balance examples if you work

Understand how your Work Bonus balance affects your assessable income.

  1. Top payments
  2. Home Equity Access Scheme

How to apply under the Home Equity Access Scheme

Complete the following steps to apply under the Home Equity Access Scheme. Before you start, check if you're eligible.

  1. Retirement years
  2. Starting your retirement

Preparing to claim a payment from us when retiring

Find out what you need to have in order before you apply for a payment after you retire.

  1. How much you can get
  2. Advance payments

Home Equity Access Scheme advance payment examples

Examples of Home Equity Access Scheme (HEAS) advance payment calculations.

Lump sums while on income support

A lump sum is a one-off amount of money. They can count in your income test and may affect your payment from us.

  1. Top payments
  2. Age Pension

How to claim Age Pension

Complete the following steps to claim Age Pension.

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Page last updated: 17 November 2025.
QC 60146