What is your Age Pension age?

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The Federal Budget this week has announced that from 1 July 2025, the Age Pension qualifying age will continue to rise by six months every two years, from the qualifying age of 67 years that will apply by that time, to gradually reach a qualifying age of 70 years by 1 July 2035.

Check out your Age Pension age below

Date of   Birth Retirement Age
1 July 1952   and 31 December 1953 65.5
1 January 1954   and 30 June 1955 66
1 July 1955   and 31 December 1956 66.5
1 January 1957   and 30 June 1958 67
1 July 1958   and 31 December 1959 67.5
1 January 1960   and 30 June 1961 68
1 July 1961   and 31 December 1962 68.5
1 January 1963   and 30 June 1964 69
1 July 1964   and 31 December 1965 69.5
1 January 1966   and later 70

To read more about the budget changes click here

Olivia Maragna is the co-founder of Aspire Retire Financial Services and was awarded the Australian 2012 AFA Adviser of the Year.

Olivia’s advice is general in nature and readers should seek their own professional advice before making any financial decisions.

You can follow Olivia at https://twitter.com/oliviamaragna 

 

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