Wife Pension 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 will need to tell us in your application to transfer to Age Pension:
- if you want to continue to receive Wife Pension or transfer to Age Pension, and
- about any superannuation you have
Some things do not change whether you remain on Wife Pension or transfer to Age Pension:
- your rate of payment and income and assets tests
- your concession card
- access to the Work Bonus
Benefits if you transfer to Age Pension include:
- the rules for Age Pension may be better if you intend to travel outside Australia
- 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
- it is not reliant on your partner remaining eligible for an Age Pension or Disability Support Pension
In some circumstances, you may be better off remaining on Wife Pension. These include:
- access to Pension Education Supplement if your partner gets Disability Support Pension,
- Education Entry Payment
- if you get compensation type payments
If you get Carer Allowance in addition to Wife Pension on 1 July each year, you also get the annual payment of Carer Supplement. You would not be entitled to the Wife Pension component of $600 if you were getting Age Pension. However, you would continue to get the Carer Allowance component of the Carer Supplement of up to $600 per care receiver each year.