Age Pension

The Age Pension is an income support payment provided by the Australian government to eligible older Australians who have reached the pension eligibility age. It aims to help with living expenses for those who have limited financial resources. Eligibility depends on factors like age, residency, and income or assets. The amount received varies based on personal circumstances, and recipients may also be eligible for additional supplements or concessions. The goal is to support seniors in maintaining a decent standard of living during retirement.