$1,246.80
Peter was receiving the maximum base rate of the age pension ($766.00 per fortnight for a single at September 2014) plus the pension supplement in Australia (no other assessable assets or income). Peter left Australia in 2016 to live in Thailand.  Integration means understanding how Centrelink and the “system” works. The full age pension for a home owning couple is now $1,079.60 per fortnight. That translates to an annual amount of $28,069.60. For singles, the annual total is $18,618.60 and non homeowners can probably access rent assistance as well. Equally, it fails to recognise that retirement income needs change as we age. Those in their late 80’’s are typically less active than those in their late 60s. In WA, a large proportion of couples retire on an income range of between $25,000 and $37,000 per annum with singles, typically 75 percent of the couple’s rate. The maximum retired pay of a vice-admiral with 29 years service was £725; of rear-admirals with 27 years service, £600 per annum. Pensions of captains who retire at the age of 55, commanders, who retire at 50, and lieutenants who retire at 45, ranged from £200 per annum for 17 years service to £525 for 24 years service. The pensions of other officers were calculated in the same way, according to age and length of service. Until 2010 men over the age of 65 and women over the age of 60 were entitled to claim state pension; from April 2010 the age for women is gradually being harmonised to match that for men. Longer-term, the retirement age for both men and women will rise to 68 by no later than 2046 and possibly much earlier. Employers are required to contribute only up to a maximum of $16,470 per annum for the 2012/13 financial year (9% 2 of $183,000 known as the maximum contribution base). An employer is not required to make superannuation contributions for employees who earn less than $450 per month. As a result, those retirees depending on the age pension alone will have a less-than-modest retirement in terms of spending power.According to the Association of Superannuation Funds of Australia (ASFA), the average Australian male currently retires with $155,000 while the average Australian woman retires with $73,000. The Age Pension currently pays a maximum rate of $827.10 per fortnight (around $21,500 per year) for singles and $1,246.80 (around $32,500 per year) for couples combined. For singles, $751.70 of this payment represents the maximum base rate and the remaining $75.40 is paid through various supplements. The Age Pension age (the age at which a person can access the Age Pension) is currently 65 for men and 64.5 for women (but will soon increase to 65). From 2017 the Age Pension age will be increased by half a year every two years and will reach 67 by 2023. If the scrap value of the couple’s cars and contents is less than $38,000 then their total assets are less than the $258,000 permitted under the assettest. In other words, they will receive the maximum pension of $1079.60 plus the $385 or a total of nearly $1465 per fortnight. Equally, it fails to recognise that retirement income needs change as we age. Those in their late 80’’s are typically less active than those in their late 60s. In WA, a large proportion of couples retire on an income range of between $25,000 and $37,000 per annum with singles, typically 75 percent of the couple’s rate. The maximum you can top up your pension by is £25 per week, which would cost £22,250 at age 65. The cost of topping up falls as your age increases, so for a 70 year old an extra £1 per week costs £779, for a 75 year old it’s £674 and for someone aged 80 it costs £544. The basic state pension is worth £115.95 a week for a single person in 2015/16 (or £6,029 a year). If you’re married, and both you and your partner have built up state pension, you’ll get double this amount – so £231.90 a week. For those under age 65, the bring forward provision allows total contributions of $450,000 over three years. For persons aged 65 to 75, a contribution limit of $150,000 per annum is allowed, providing they work at least 40 hours in 30 consecutive days in the financial year of contribution. As a result, those retirees depending on the age pension alone will have a less-than-modest retirement in terms of spending power.According to the Association of Superannuation Funds of Australia (ASFA), the average Australian male currently retires with $155,000 while the average Australian woman retires with $73,000. The current qualification age for the Age Pension is 65 years. From 1 July 2017, this will rise by six months every two years until it reaches 67 by 1 July 2023. There are plans by the current government to further increase the Age Pension qualification age to 70. The current rate of a full single Age Pension, including the Pension Supplement and Clean Energy Supplement is $22,542 per annum. If your assets or income exceeds those required for a full Age Pension, you may be eligible for a part Age Pension. And if you do not qualify for any Age Pension, you may, however, be eligible for a Commonwealth Seniors Health Card if your income is below a certain level.
https://nationalseniors.com.au/sites/default/files/1409-NationalSeniorsAustralia-FactSheet-AgePensionPortability.pdf http://www.ncba.com.au/articles/youcanstillretire https://en.wikipedia.org/wiki/Pensions_in_the_United_Kingdom http://www.suncorp.com.au/super/sites/default/files/fm/pdfs/documents/Understanding%20super%2020989_02-07-12_A_LR.PDF http://www.ncoa.gov.au/report/appendix-vol-1/9-1-age-pension.html http://www.ncba.com.au/articles/youcanstillretire http://www.which.co.uk/money/retirement/guides/state-pension-explained/how-much-state-pension-will-i-get/ http://www.suncorp.com.au/super/sites/default/files/fm/pdfs/documents/Understanding%20super%2020989_02-07-12_A_LR.PDF https://www.yourlifechoices.com.au/age-pension
max age pension couple per annum