Every country should make financial security for the elderly a top concern. The Australian government has announced some good news for older folks in 2025. qualified citizens will now receive a $3,400 monthly pension. This program is for people who have worked hard their entire lives and want to enjoy a safe and dignified life after retirement.
If you or someone close to you falls in this age group, then this article is very important for you. Let us know how this pension works, who is eligible, and what to do to get it.
$3,400 Monthly Pension – What is it?
This is a government Age Pension given by the Australian government to those who have retired from work after a certain age and now they have no source of regular income.
In 2025, the government has increased this amount to a maximum of $3,400 per month so that the elderly can get relief in rising inflation and living expenses. This pension helps to cover the cost of living such as rent, electricity, medicine and food.
Eligibility Criteria
Not everyone gets this pension. There are some main conditions for this which need to be fulfilled:
1. Age Criteria
Your age should be at least 67 years (as per the rules applicable in 2025). This age keeps changing from time to time by the government, so it is important to stay updated.
2. Citizenship and Residency Rules
You must be a citizen or permanent resident of Australia. Also, you must have lived in Australia continuously or in total for at least 10 years.
3. Income and Asset Test
The government also looks at how much property you have and whether you are still earning any income from anywhere. If your income or property exceeds the prescribed limit, your pension may be reduced or you may not get it.
4. Connect with Centrelink
You need to apply for a pension through Centrelink. Centrelink checks your information and decides if you are eligible.
How to apply?
If you meet the above conditions, the application process is simple. Follow the steps below:
1. Create or login to a myGov account
From here you can connect to Centrelink services.
2. Connect with Centrelink service
If you have never applied before, you will need to verify your identity.
3. Fill in the application form
You can apply for a pension online or in person.
4. Submit the required documents
Such as birth certificate, bank statement, property details, etc.
5. Get in touch with Centrelink
Once your information has been checked, you will be informed how much you will receive and when it will start.
When and how will you get paid?
Once your application is approved, you will receive payments every two weeks, which can total up to about $3,400 a month. This amount will be transferred directly to your bank account.
Is the pension taxable?
The good news is that Age Pension is not usually taxable, but if you have other income, it may be taxable. It is best to talk to a financial adviser.
What if the application is rejected?
If your application is not accepted for any reason, you can:
- Re-check the information
- Contact Centrelink
- Or re-apply (Review or Appeal)
Conclusion
A monthly pension of $3,400 is a great relief for the elderly. This scheme not only gives money, but also a sense of dignity and security. If you or someone you know has crossed the age of 67, then this is the right time to find out whether you are eligible or not.
FAQs
Who gets the $3,400 a month pension?
Those who live in Australia, are aged 67 or over and meet the income/asset test.
Will everyone get the full $3,400 pension?
No, it is the maximum. It may be more or less depending on your income, assets and family situation.
How to apply?
You can apply online from Centrelink through the myGov portal or visit your local service centre.
When will payments start?
Payment usually commences fortnightly after your application has been approved.
Am I not eligible?
You may re-verify the facts or object to the decision by calling Centrelink.
