Age Pension

Overview

An Age Pension may be awarded to a person who reaches 60 (sixty) years of age; does not have enough paid or credited Social Security Contributions to be eligible for a Contributory Retirement Pension, while needs to satisfy the Means Test.

What you’ll get

The Age Pension is paid every four (4) weeks in advance.

Please click here for a Schedule of Benefits Rates.

Eligibility

An applicant is in receipt of the Unemployment Assistance or the Social Assistance and reaches sixty (60) years of age.
If an applicant’s spouse or partner reaches sixty (60) years of age prior to the person responsible for the household, one may apply for the Age Pension in her own right, until the person responsible for the household reaches pension age, where in turn they will be awarded a married rate.
If a person reaches the pensionable age and is entitled to a Contributory Pension at a lower rate than the Age Pension rate, the applicant may apply for the difference in the Age Pension.
The applicant must satisfy the Capital Means Test. The capital resources for a couple must not exceed twenty-six thousand euro (€26,000) and sixteen thousand euro (€16,000) for a single person.
Any income deriving from rents, bank interests from capital, stocks and shares, maintenance and any other derived income, needs to be declared. This income is deducted from the non-contributory Age Pension rate. Failure to declare such income may result in overpayments which would then need to be refunded.

Documents required

Recent statements of all local and foreign bank accounts.
Rent contract and acknowledgement by the Housing Authority if you are paying rent where you are residing.
Logbooks of all vehicles in possession.
Document/s related to any property, whether it is full possession or part ownership.
Documents related to any recent donations.
If case of a couple who are either married or in civil union or cohabitating regardless if registered or not, whose spouse/partner is in employment, a copy of the payslip needs to be provided.
In the case of separated or divorced persons, a copy of the separation or divorce contracts need to be provided.