When you reach Age Pension age

If you’re getting Parenting Payment 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 both of the following:

  • if you want to transfer to Age Pension, or want to stay on Parenting Payment
  • if you have any superannuation.

What won’t change

If you're a single parent, your concession card won’t change if you transfer to Age Pension.

What the benefits of each payment are

If you transfer to Age Pension:

  • you’ll get a higher payment rate and a higher limit assets test
  • and you have a partner, you’ll also get a a higher limit income test and get the Pensioner Concession Card
  • the rules may be better if you travel outside Australia
  • you can get the Work Bonus
  • we can exempt more land from the assets test if your land has a single title more than 2 hectares.

If you stay on Parenting Payment, you may:

Read more about how to transfer to Age Pension.

Pension Supplement

Once you reach Age Pension age, we'll automatically pay the Pension Supplement to you with your regular fortnightly payment. The supplement replaces all of the following:

Page last updated: 30 April 2019

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