• Singles: $1,002.50
• Couples: $1,511.40

Additional Benefits:

• Work Bonus: Allows pensioners to earn more without reducing their pension.
• Pensioner Concession Card: Provides discounts and concessions on various goods and services.
• Centrepay: A free bill-paying service for Centrelink customers.

Eligibility Criteria for Age Pension

Key Requirements:

• Residency: Must have lived in Australia for at least 10 years.
• Age: Must be 67 years or older.
• Tax Record: Must provide a proper record of tax returns.

Tests Conducted:

• Means Test: Evaluates contributions made during employment.
• Asset Test: Assesses property, vehicles, money, and other income sources.
• Income Test: Evaluates income from employment, investments, pensions, benefits, annuities, etc.

Meeting these criteria ensures eligibility for the Age Pension. Detailed criteria are available on the official Service Australia or Department of Veterans Affairs websites.

Pension Amounts for Residents Abroad

For Singles (Per Year):

• Basic Rate: $26,065.00
• Basic Supplement Rate: $722.80
• Allowable Income (Full Pension): Up to $5,304
• Allowable Income (Part Pension): Less than $58,879.60
• Allowable Assets (Full Pension – Homeowner): Up to $301,750
• Allowable Assets (Part Pension – Homeowner): Less than $645,250
• Allowable Assets (Full Pension – Non-Homeowner): Up to $543,750
• Allowable Assets (Part Pension – Non-Homeowner): Less than $887,250

For Couples (Per Year):

• Basic Rate: $39,296.40
• Basic Supplement Rate: $1,190.80
• Allowable Income (Full Pension): Up to $9,360
• Allowable Income (Part Pension): Less than $90,334.40
• Allowable Assets (Full Pension – Homeowner): Up to $451,500
• Allowable Assets (Part Pension – Homeowner): Less than $971,000
• Allowable Assets (Full Pension – Non-Homeowner):

Up to $693,500