When should I apply for Age Pension if I just retired from work and I earned more then the Income Test allows? This is the question I keep getting very often and there is no place to find any answers, so here is mine. The fact that you earned more that the Income Test allows, because you were working for part of the year, has no bearing on the outcome of your Age Pension application. This is one time, when Centrelink is looking only at your situation at the time of your application and not your past. This is because Centrelink is working on the basis of the fortnightly earned income and not full financial year. Unlike ATO, Centrelink is not interested how much money you've earned for the year, only what is your income in the fortnight you are being assessed. If you've just completed your employment, please organise with your employer the letter confirming your retirement. Therefore, when completing your Age Pension application, you will be required to provide the date of your retirement from your work, confirm it by providing the letter I've just mentioned and list all your assets values as they are on the day of your application. All your income surplus has accumulated in your bank account. If you received any long service leave, all of it will be deposited to your bank account and Centrelink will count it under the Assets Test, as your cash balance when applying. To download the book 12 PRINCIPLES OF INVESTING: https://ebook.aboutretirement.com.au/12-principles-of-investing-download Contact details: Katherine Isbrandt of About Retirement Website: https://aboutretirement.com.au/ Email: hello@aboutretirement.com.au Or connect with me: https://www.facebook.com/katherineisbrandt/?modal=admin_todo_tour https://www.linkedin.com/in/katherineisbrandt/ https://www.instagram.com/katherineisbrandt https://www.pinterest.com.au/katherineisbrandt/pins/ FSG: https://aboutretirement.com.au/wp-content/uploads/2025/01/FSG-4.0-Online.pdf Katherine’s Adviser Profile: https://aboutretirement.com.au/wp-content/uploads/2025/01/KI-Adviser-profile-Online-PDF.pdf Shaun’s Adviser Profile: https://aboutretirement.com.au/wp-content/uploads/2025/01/SJ-Adviser-profile-V2-Online-PDF.pdf #KatherineIsbrandt #AboutRetirement #AgePension #ApplyingforAgePension