Parenting Payment when you reach age pension age
Parenting Payment can continue to be paid to people who are over age pension age.
However, you may choose to transfer to Age Pension.
When you reach age pension age, you'll need to tell us in your application to transfer to Age Pension:
- if you want to continue to receive Parenting Payment or transfer to Age Pension, and
- about any superannuation you have
If you're a single parent, the concession card is the same whether you remain on Parenting Payment or transfer to Age Pension.
Once you reach age pension age, the Pension Supplement will be automatically paid to you with your regular fortnightly payment. The supplement replaces:
Benefits if you transfer to Age Pension include:
- the rules for Age Pension are generally better if you intend to travel outside Australia
- you can access the Work Bonus
- you may be able to have more land exempted from the assets test if your home is situated on a block of land larger than 2 hectares, and on 1 title
- if you're single, the rate of payment and the assets test are more generous
- if you're partnered, the rate of payment and income and assets tests are more generous
- if you're partnered, you'll receive the Pensioner Concession Card
In some circumstances, you may be better off remaining on Parenting Payment because you'll continue to receive access to:
- Pensioner Education Supplement if you're single and studying
- Education Entry Payment if you're studying
- a more generous income test if you're single
- participation support services
- Jobs, Education and Training Child Care fee assistance
- the higher rate of Mobility Allowance if you're currently on the higher rate