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James Coyle
James has over 35 years experience in financial services with particular expertise in two of the key components of retirement finance - Superannuation and the Age Pension. He is passionate about providing the guidance and support that can help older Australians enjoy their best possible retirement. He lives in regional Victoria surrounded by dogs and chooks.
If I make application for an aged pension (I’m 71years) how long is the average time before it is processed, and payments occur. I own my own home, but have it rented out to my son.
Hi Mark, thanks for seeking clarity! Timeframes for claim approval can vary greatly depending on various factors. As a guide Centrelink advise that claims can take up to 13 weeks to be approved. We often get our customers’ claims approved in 4-6 weeks. The good news is that once approved you will receive a lump sum back payment to cover the period from the day you lodged your claim up to the day it is approved so you will not miss out on any pension regardless of how long it takes to be approved.