Government Benefits - Age Pension The Age Pension provides income support for people in retirement. To be eligible, a person must: First meet an age requirement (this will depend on your current age and when you were born) Meet residence requirements, and Meet the Assets and Income test, which will determine the level of income support. When assessing your eligibility to receive the Age Pension, Centrelink use two tests to determine your level of entitlement. These are the As