Age Pension (Australia)

The Age Pension is a government financial support program in Australia for older citizens who meet certain age and income criteria. Aimed at retirees, it provides a regular payment to assist with living costs. Typically, individuals qualify at age 66 or older, but the age is gradually increasing. The amount received depends on income and assets, ensuring support is targeted to those in greater need. The Age Pension helps ensure that seniors have a basic standard of living, fostering financial security and independence in retirement.