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Huge Centrelink age pension changes coming into effect on July 1-by Tamika Seeto The age pension income and asset test thresholds are increasing next week Age pensioners will be able to earn more and have more assets before their payments are impacted. (Source: Getty) Thousands of older Aussies stand to benefit from key changes to the age pension coming into effect on July 1. While the pension rates themselves are not going up, the changes mean some Aussies could pocket higher payments. To receive the age pension, you need to be 67 years old and pass an income test and an asset test. From July 1, the thresholds for these tests will be going up with inflation. That means people will be able to earn more and have more assets before their payments are affected. It also means some people may be able to qualify for the age pension who hadn’t previously, while ...