Basic pension supplement: Who Qualifies and What You Get
Learn how the basic pension supplement helps low-income retirees with long contribution histories receive extra financial support.
This scheme provides an extra payment added to your standard pension to help prevent poverty for those who have worked many years but have low income.
Who it's for
You may qualify if you are a pensioner and have paid into the pension system for at least 33 years, provided your income remains at a low level.
What you get
You receive a supplement that is added to your regular pension amount to help boost your monthly income.
What it costs you
There is no cost to participate. The calculation is handled automatically by the relevant authorities, so you do not need to submit a separate application.
The catch to know
While you do not need to apply, your eligibility is determined by income testing that is performed automatically by the tax office.
How to apply
- Review your current pension statements to confirm your years of contributions.
- Monitor your monthly pension payments for the supplement.
- Contact the issuing agency if you believe your income level or contribution years are not being reflected correctly.