Austudy when you reach age pension age

If you’re getting Austudy and reach age pension age, you can transfer to Age Pension.

When you reach age pension age

Just before you reach age pension age, we’ll invite you to transfer to Age Pension.

You’ll need to tell us if you:

  • want to transfer to Age Pension, or want to stay on Austudy, and
  • have any superannuation

Benefits of Age Pension

If you transfer to Age Pension:

  • you may get the Pensioner Concession Card
  • you may get the higher rate of payment and more generous income and assets tests
  • the rules may be better if you travel outside Australia
  • you can get the Work Bonus, and
  • and live on a single title of land covering more than 2 hectares, we can exempt more land from the assets test

What will change

Age Pension does not have an income bank. You will lose any unused credit in your income bank if you transfer to Age Pension.

Read more about how to transfer to Age Pension.

Pension Supplement

Once you reach age pension age, we will automatically pay the Pension Supplement to you with your regular fortnightly payment. The supplement replaces your separate additional payments of:

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Page last updated: 27 February 2017

This information was printed Friday 21 July 2017 from humanservices.gov.au/customer/enablers/austudy-when-you-reach-age-pension-age It may not include all of the relevant information on this topic. Please consider any relevant site notices at humanservices.gov.au/siteinformation when using this material.