The Age Pension is a type of social security benefit paid by Centrelink to provide older Australians with a minimum level of income. Whilst this payment is still a key source of income for many retired Australians, the extent of this dependence is declining as Government policy shifts towards encouraging individuals to fund their own retirement. Read more about Understanding The Age Pension
Newstart is the Centrelink payment made to those who are unemployed and actively seeking work.Those eligible to apply for Newstart Allowance have their entitlement assessed against an Income Test and an Assets Test. These tests vary depending on marital and homeowner status and the test producing the lower entitlement is applied. Read more about Understanding The Newstart Allowance