From July 1 2017, for those people born after July 1 1952, from age perspective for the age pension you will need to be 65 and a half to qualify.
If you were born on June 30 1952 you would qualify for the age pension depending of course on your circumstances at the age of 65. However, if your mum was a couple of days late giving birth and you were born after July 1 1952 you will have to wait until you are 65 and a half.
The following table will give you an idea of the changes to the qualifying age for age pension, which will take place over the next 7 years;
|If your birthdate is:||You’ll be old enough at:|
|1 July 1952 to 31 December 1953||65 years and 6 months|
|1 January 1954 to 30 June 1955||66 years|
|1 July 1955 to 31 December 1956||66 years and 6 months|
|From 1 January 1957||67 years|
This, of course, does not take into account any possible changes in legislation, which may happen over the next 7 years.
It is important to remember that this increase in the qualifying age for age pension will also flow through to qualifying age for a person to receive the Commonwealth Seniors Health Card.
Source: Mark Teale | Centrepoint Alliance