Importantly though, when it comes to retirement income, there are two other ages you need to consider; the age when you’re eligible to start drawing on your super and the age you’re eligible to receive the Age Pension.
Age Pension age
This is the age you qualify to receive Government Age Pension benefits. The current Age Pension age is 66, but this could be higher based on your date of birth as shown in the table below.
|If you were born between||You can receive the Age Pension when you are:|
|1 January 1954 to 30 June 1955||66 years|
|1 July 1955 to 31 December 1956||66 years and 6 months|
|On or after 1 January 1957||67 years|
To be eligible to receive the Age Pension you must also meet the Income and Assets Tests.