At what age can you get the Aged Pension in Australia?.
In the 2009 Australian budget, the qualifying age for the Australian Aged Pension was set to rise from the original age of 65, with the first change being from 1 July 2017.
From 1 July 2017, the qualifying age will increase to 65 years and 6 months.
From 1 July 2019, the qualifying age will increase to 66 years.
From 1 July 2021, the qualifying age will increase to 66 years and 6 months.
From 1 July 2023, the qualifying age will increase to 67 years.
This was Labor policy implemented in the 2009 Budget
Aged Pension Increase to 70?.
In 2014, the Liberal Budget planned on raising the Aged pension age to 70 years, over a ten year period from 2025, but this plan was never finalised in parliament and was finally cancelled in 2018.
The proposal was:
July 2025, the qualifying age will increase to 67 years and 6 months.
July 2027, the qualifying age will increase to 68 years.
July 2029, the qualifying age will increase to 68 years and 6 months.
July 2031, the qualifying age will increase to 69 years.
July 2033, the qualifying age will increase to 69 years and 6 months.
July 2035, the qualifying age will increase to 70 years.
This reversal of the ‘age 70 age pension’ was announced on 5th September 2018 by Scott Morrison, the Australian Prime Minister, when he said: “I don’t think we need that measure any longer when it comes to raising the pension age”, “And next week, cabinet will be ratifying a decision to reverse taking the age to 70. It will remain at 67.”