If you’re eligible you may be able to receive the Age Pension to supplement your income in retirement.
Important - smartMonday is making some changes to the administration of the fund in order to deliver improved services to members. If your membership is in PRIME or DIRECT, your account information will be static between 23 March and 22 April 2024. Click here to read more.
Our products
Insurance Cover Options
Investment-options
Our products
If you’re eligible you may be able to receive the Age Pension to supplement your income in retirement.
The Age Pension is an income support payment paid by the federal government. It is a safety net for people who do not have enough in their superannuation, savings, or other investments in retirement. The Age Pension is managed by Centrelink (Services Australia) and is subject to eligibility criteria, such as an income and assets test.
To be eligible for the Age Pension you must:
You can check your eligibility against the income and assets tests, to see if you qualify and to know how much you can earn before any payments reduce or stop.
Eligibility for the Age Pension age has been slowly increasing from 65 to 67 years.
Your birthdate |
Your Age Pension age |
Date of age pension age change |
---|---|---|
1 January 1954 to |
66 years |
1 July 2019 |
1 July 1955 to |
66 years and 6 months |
1 July 2021 |
On or after |
67 years |
1 July 2023 |
How much you receive depends on your relationship status (couple or single), whether you own your home and the assets and income test. Changes to these rates can happen at any time, in line with government and legislative decisions, but are normally adjusted at March and September each year.
If you qualify for the full Age Pension the rates as at March 2023 are:
Additional supplements may also apply. Check the Services Australia website for more information.
Depending on how much your income and assets exceed the full pension threshold you may qualify for a part pension.
The best place to learn more is the Australian Government Department of Human Services website, call them on 13 23 00 or visit your local Centrelink office.
Make
mondays matter.
About us
About smartMonday
smartMonday acknowledges the Traditional Custodians of the lands on which we operate and pay our respects to Elders, past, present and emerging. We recognise the enduring relationship Aboriginal and Torres Strait Islander peoples have with Country and that sovereignty was never ceded. We stand for a future that promotes justice for Aboriginal and Torres Strait Islander peoples and profoundly respects and acknowledges their respective perspectives, culture, language and history.
Your access to this website is subject to these terms and conditions, our privacy statement, the trustee’s privacy statement and all disclaimers on this website.
The information on this website is general in nature and does not take account of your personal financial objectives, situation or needs. Before deciding whether a particular product is appropriate for you, please read and consider the relevant Product Disclosure Statement, Target Market Determination and Financial Services Guide which is available at smartmonday.com.au/documents or by calling us. Contact us about the intra-fund advice services you may be able to access through your membership. Any intra-fund advice is provided by or on behalf of smartMonday Solutions Limited. Past performance is not a reliable indicator of future performance. The content of this website is not intended to represent or be a substitute for specific taxation or legal advice and should not be relied on as such. You should obtain advice from a registered tax agent or legal practitioner. Any taxation, legal and other matters referred to on this website are based on smartMonday and the Trustee’s interpretation of existing laws and should not be relied upon in place of appropriate professional advice. Those laws may change from time to time.
smartMonday is a registered trading name of smartMonday Solutions Limited ABN 48 002 288 646 AFSL 236667, the sponsor of the Smart Future Trust ABN 68 964 712 340 (the Fund). The trustee of the Fund and issuer of the information on this website is Equity Trustees Superannuation Limited ABN 50 055 641 757 AFSL 229757 RSE Licence L0001458. smartMonday products are part of the Fund.
smartMonday and/or the trustee are either the owner or licensed user of the copyright in all material contained on this website. Where a third-party source has been relied on, smartMonday and/or the trustee have attributed credit for that information. Except to the extent necessary for personal use, you are not permitted to reproduce, adapt, upload, link, frame, broadcast, transmit, or distribute any material on this website without the permission of smartMonday or the trustee, or as permitted under law.
This website, the information and materials on the website, and the software made available on the website, are provided 'as is' without any representation or warranty, express or implied, of any kind. To the maximum extent possible, smartMonday and/or the trustee do not warrant or guarantee the accuracy or completeness of the materials or the reliability of any advice, opinion, statement or other information displayed or distributed through the website. You acknowledge that you are responsible for assessing the accuracy and completeness of content on this website, and reliance on any opinion, advice, statement, memorandum or information shall be at your own risk. In no event shall smartMonday and/or the trustee be liable to any website user or any other entity for any damages whatsoever, related to the inability to access or use the material or functions of this website.
© 2024 smartMonday Solutions Limited - Financial Services Guide