Updated on February 22, 2024
It’s crucial for citizens to be aware of Australia’s Pension Age in February 2024. Unlike many other countries, Australia has a fixed Pension Age that determines when individuals can retire. Civil service employees are notified about their retirement well in advance. Check out the article for a concise overview of the pension age and the corresponding amount you can expect to receive this year.
Pension Age Australia
To begin receiving the pension, citizens must reach the age of 65, and their birth dates should fall between 1957 and beyond. The Department of Social Services has established these age criteria, which all citizens are required to adhere to.
The government has set the pensionable age rule to promote self-dependency in terms of financial stability among citizens. The provision for pension started in 1909, and since then, numerous people have been benefiting from it every year.