Age Pension calculator| Date of birth | Age of member on 30 June 2024 | Preservation age | Financial year preservation age reached |
|---|---|---|---|
Before 1 July 1960 |
64+ |
55 |
2014–15 or earlier |
From 1 July 1960 to 30 June 1961 |
63 |
56 |
2016–17 |
From 1 July 1961 to 30 June 1962 |
62 |
57 |
2018–19 |
From 1 July 1962 to 30 June 1963 |
61 |
58 |
2020–21 |
From 1 July 1963 to 30 June 1964 |
60 |
59 |
2022–23 |
On or after 1 July 1964 |
59 or less |
60 |
2024–25 or later |
2024–25 marks the end of the gradual increase in preservation age from 55 to 60. Any member who reaches age 60 in 2024–25 or a future financial year has a preservation age of 60.