Thousands of Australians supplement their superannuation pension income with Centrelink entitlements.
One of our qualified financial planners can provide advice on how you can maximise your Centrelink benefits and make your retirement savings last longer.
Find out if you could be eligible for Centrelink entitlements and the benefits of combining them with one of our retirement income streams.
Does my retirement income affect my eligibility for the Centrelink Age Pension?
Your eligibility for the Age Pension is based on your age, your residency as well as Centrelink's Assets Test and Income Test, both of which may be affected by your other retirement income streams.
There are a number of rules that are applied by Centrelink when assessing your eligibility for the Age Pension, relating to your retirement income streams. There are also a number of ways to ensure that your Age Pension benefit is maximised. It is for these reasons that we strongly recommend you see one of our financial planners - to ensure you are making the most of your Age Pension and other retirement income streams.
The below assets and income table shows the assets and income thresholds applicable to the Centrelink Age Pension:
| Singles | Couples (includes opposite and same sex de facto couples) |
|---|---|
| Total assets (excl. own home) do not exceed $593,000 | Total assets (excl. own home) do not exceed $891,500 |
| Assessable income below $54,990 pa | Combined assessable income below $84,167 pa |
Please note, these eligibility requirements apply to homeowners only, and are current as at September 2021. They may change during the year.
For current information on the eligibility criteria for the Age Pension, visit Services Australia.
If you’re already receiving Centrelink payments, you can download your schedule at any time by logging into MembersOnline.
Got any questions?
Don't sit there wondering - our team members are here to help!