Applying for the age pension

Due to Media Super merging with Cbus, Media Super Pension accounts have closed and been moved to a Cbus Super Income Stream.

We appreciate change can bring uncertainty. Please be assured all practical pension product options were scrutinised for benefits and the need to act in the best financial interests of our members.

For members with an existing Media Super Pension account, your benefits have been transferred to a new Cbus Super Income Stream and will continue to provide you with a regular pension payment. You will also enjoy additional benefits, such as:

  • Fortnightly payments in addition to monthly, quarterly, half-yearly and yearly options
  • Additional flexibility on how payments are drawn down from investments
  • Retirement Spending Planner and Cbus Advice Team.

Named Money Magazine’s Best Pension Fund for 2022, you’re in great hands with Cbus. The information on this web page relates to the Cbus Super Income Stream (SIS).

What is the age pension?

The Centrelink Age Pension is an income support payment that helps give older people a sufficient standard of living in retirement. To start receiving it, you need to apply to Centrelink first. They’ll check your eligibility and confirm how much you can get.

Applying for the age pension

Eligibility for the Age Pension

Like Cbus Super Income Stream (SIS) accounts, you must meet minimum age requirements to receive the Age Pension. Your eligibility for the Age Pension also depends on the value of the assets you own, the income you earn, and other individual circumstances.

When you receive retirement income from your super, you may still be eligible for the government Age Pension

Generally, you may still be able to receive the Age Pension along with your regular payments from a Cbus SIS account. However, it is important to note that:

  • The balance of your SIS account may count toward the Centrelink assets test, and
  • Any payments you receive from your SIS account may be considered in the Centrelink income test.

As the rules can be quite complex, we recommend you seek advice from a financial adviser before commencing a SIS account.

Maximum Age Pension payments

The maximum pension rates payable under the Age Pension are summarised below. Your eligibility for the Age Pension and your applicable rate will depend on your own individual circumstances.

SinglesCouple combined
Maximum basic rate $900.80


Maximum Pension supplement$72.70


Energy Supplement$14.10$21

As at March 2022

Visit Centrelink for current rates and more information.

How to apply for the Age Pension

Applications for the Age Pension are handled via Centrelink:

You can apply 13 weeks before you reach your Age Pension age. But it’s a good idea to start early and get your documents ready. You'll need to supply a range of information including:

  • Your age and identity
  • Your bank account details
  • Your tax file number
  • Proof of your Australian residence, if you’ve lived outside Australia
  • If you’re a member of a couple
  • Your income and assets.

Detailed information on the Age Pension application process can be found on the Centrelink website.

Need help applying for the Age Pension?

Retirement Essentials

Cbus are proud to partner with Retirement Essentials, experts in simplifying the Age Pension and Commonwealth Seniors Health Card application process for you.  

Get a free eligibility calculation, with a fee payable when you finish your application.  

You can complete your application online from the security of your own home with back-up telephone support if you need it.

Learn more

Advice Services for members

Call and speak with an adviser today. It’s no additional cost and our advisers can help you understand your options, what you need to consider before making any changes and provide a personal recommendation on topics like which investment option to choose, super contributions or starting a Super Income Stream. Advice Services are ready to take your call from 8:30am to 6pm Monday to Friday (AEDT/AEST), Call us on 1800 640 886 (option 4) to get the ball rolling.