2. Youth Allowance
Youth Allowance provides financial assistance to young people who are studying full-time, undertaking an apprenticeship, training, looking for work, or are ill. There are three categories:
– Students and Australian Apprentices: For those aged 16-24 (or 15 if independent).
– Job Seekers: For those aged 16-21.
– Other: For those aged 18-24 who are temporarily unable to work due to illness or injury.
Eligibility depends on age, living arrangements, and financial situation, with specific criteria for each category.
3. Age Pension
The Age Pension is a regular payment for individuals who have reached the qualifying age and meet residency requirements. The qualifying age is gradually increasing and will reach 67 by July 2023. Eligibility criteria include:
