Turning 65 is a milestone in life, and with it comes a range of entitlements and benefits that can make life easier and more affordable. In Australia, the age of 65 is the qualifying age for many benefits and entitlements, including age pension, superannuation and other government concessions. This article will outline the entitlements and benefits available to those aged 65 and over in Australia.
Entitlement Benefits for Age 65
The age of 65 is the qualifying age for many entitlements and benefits in Australia. These include age pension, superannuation, health care card and other government concessions.
The age pension is an income support payment for those aged 65 and over who meet the age and residency requirements. The payment is means tested and the amount of the payment depends on the applicant’s income and assets.
Superannuation is a retirement savings plan that is designed to provide an income in retirement. Those aged 65 and over can access their superannuation benefits, either as a lump sum or as an income stream.
The health care card is a government-funded concession card that provides access to discounted medicines and other health care services. The card is available to those aged 65 and over who meet the eligibility requirements.
In addition to these entitlements, those aged 65 and over may also be eligible for other government concessions, such as energy and water bill concessions, public transport concessions and discounts on motor vehicle registration.
What Benefits Are Available in Australia?
In addition to the entitlements and benefits outlined above, there are a range of other benefits available to those aged 65 and over in Australia.
The Commonwealth Seniors Health Card is a government-funded health concession card that provides access to discounted medicines and other health care services. It is available to those aged 65 and over who meet the eligibility requirements.
The Commonwealth Seniors Health Care program provides access to subsidised health care services, such as bulk billing for doctor’s appointments, subsidised prescriptions and subsidised dental and optical services.
The Pensioner Concession Card is a government-funded concession card that provides access to discounted medicines and other health care services. It is available to those aged 65 and over who meet the eligibility requirements.
The Age Pensioner Concession Card is a government-funded concession card that provides access to discounts on a range of goods and services, such as energy and water bills, public transport fares, motor vehicle registration and more.
In addition, those aged 65 and over
Retirement is one of life’s defining moments and Australians who reach the age of 65 can access a range of benefits as a result of achieving this milestone. Reaching retirement age should be an exciting time and in Australia, individuals over the age of 65 are able to receive access to various government benefits and programs that were designed to help seniors enjoy a comfortable lifestyle, without a reduction in the quality of their life.
The Commonwealth Seniors Health Card and Pensioner Concession Card are two important cards for Australians over the age of 65. Not only do they clearly identify you as someone who is eligible for a range of services and concessions, but they can also be used to purchase medications at a reduced rate. Additionally, they can potentially provide access to free or discounted public transport, electricity, or telephone services.
When it comes to government pension payments, Australia offers the age pension, which is a fortnightly payment which is provided to anyone who is of pensionable age, has a long residence period in Australia, meets an income and assets test, and meets certain residency requirements. As of November 2020, a maximum rate of $944.30 can be paid to a single person and up to $1,409.20 to a couple combined.
In addition to the age pension, much of Australia’s social security system is also available to seniors over the age of 65. These include Carer’s Allowance for those who care for people with a disability, and also the Farm Household Allowance.
Seniors in Australia are also entitled to a range of concessions and discounts, such as reduced fees for car registration, reduced energy costs, healthcare benefits, and a number of other special deals from different businesses. Additionally, the Australian Government offers a range of other services, such as ‘Stay at Home care’ and ‘Home Care’ services, to support seniors in their own homes.
Overall, there are a range of benefits available to Australians over the age of 65 which have been designed to give them the freedom to enjoy retirement with dignity and security. For more information, be sure to contact the Australian Government Department of Social Services and/or Centrelink.