The age pension
Despite our increased reliance on super to fund our retirement, many Australian retirees continue to supplement their retirement income with at least a part government age pension.
Even if you only qualify for a part pension, this can make a difference to your retirement lifestyle, as you’ll automatically qualify for a pension concession card and associated discounts.
How much super can you save and still get the age pension?
A couple that owns their own home can save nearly $380,500* in super and receive the full age pension or up to $830,000 and still qualify for a part pension, provided they don’t have any other assets and pass the income test.