Australian Age Pension applications taking months to be processed, reports claim.
Multiple New Zealanders who have moved to Australia have advised me that there is a backlog of pension applications. If you pass the income and asset tests, it’s important to apply as soon as you arrive. You can lodge an Age Pension application up to 13 weeks before you reach eligibility age (between 66.5 and 67).
A claim for the age pension is meant to have a “timeliness standard” of 49 days, but in December last year, the average processing time was 91 days, up from 61 in August and 35 days in the 2021-22 financial year.
Your application will be backdated to the date of your application. However, the NZ pension is way more generous and has not been income- and asset-tested. Therefore if you are not eligible for the full Australian Age Pension, you are best to wait until you have received your NZ pension for 26 weeks and then apply for the Australian Age Pension.