Big update for millions of Australian seniors! In this video, we explain exactly how the Age Pension works in 2025 — who’s eligible, how much you can receive, and what changes are coming soon. We’ll also break down the income and asset test, payment rates, and the new proposals like the Universal Age Pension.
Whether you’re retiring soon or already receiving Centrelink support, this guide will help you understand your pension, your options, and your financial future
Age Pension eligibility (2025)
Income & asset tests explained
Current payment rates and supplements
How to apply for the pension
Work Bonus and tax rules
Universal Pension debate (UAP proposal)
Future of pensions in Australia
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00:00 – Introduction: Why the Age Pension matters
00:45 – What the Age Pension is
02:00 – Who qualifies in 2025
03:30 – Payment rates and supplements
05:00 – Income and asset test explained
07:00 – The Universal Age Pension idea
09:00 – How to apply for the pension
10:30 – Work Bonus and earning limits
12:00 – Is the pension taxable?
13:00 – Extra benefits for pensioners
14:30 – The future of Australia’s pension system
16:00 – Summary & viewer question
16:45 – Outro and next video preview
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