1.8K
– Age requirement
– Residency requirement: Must have lived in Australia for at least 10 years, with at least five consecutive years.
– Income and asset tests
The Age Pension aims to provide a basic standard of living for older Australians.
4. Disability Support Pension (DSP)
The DSP is for Australians with a permanent physical, intellectual, or psychiatric condition that prevents them from working. To qualify, individuals must:
– Be aged 16 or older but under Age Pension age
– Have a permanent condition that impacts their ability to work
– Meet residency requirements
– Satisfy income and asset tests
The severity and permanence of the disability are key factors in determining eligibility.
5. Family Tax Benefit
