2009 Budget – Age pension increase
Written on 18th May, 2009
Age pension age to increase to age 67 from 1 July 2017
The qualifying age for the Age Pension and the Commonwealth Seniors Health Card for men and women will increase to 67 years of age from July 2023. The Henry Tax Review report on the retirement income system also recommends aligning the superannuation preservation age with this higher Age Pension age. The qualifying age will begin to increase from July 2017, by six months every two years.
|
From
|
New age
pension age
|
Affects people born
|
Current age
|
|
1 July 2017
|
65 years 6
months
|
1 July 1952 – 31 Dec 1953
|
55.5 – 57
|
|
1 July 2019
|
66
|
1 Jan 1954 – 30 Jun 1955
|
54 – 55.5
|
|
1 July 2021
|
66 years 6
months
|
1 July 1955 – 31 Dec 1956
|
52.5 – 54
|
|
1 July 2023
|
67
|
1 Jan 1957 – onwards
|
52.5 or younger
|
