Many Australians drag their heels when applying for the age pension, taking around a year on average, to get the paperwork in, explains Retirement Essentials’ Jeremy Duffield.
Thirty percent of Australians take more than a year and 16% take more than three years.
In fact, you can apply for the age pension 13 weeks before you reach the eligibility age, which is currently 66.5 years, says Duffield.
People put off applying for the age
