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Old Age Pension full review!

Do you want to know how to get access to money for the elderly to retire better? If so, read our Old Age Pension review to see all the details!

Old Age Pension: Up to R2,000, depending on your age!

See how Old Age Pension works in South Africa. Source: The Mister Finance.
See how Old Age Pension works in South Africa. Source: The Mister Finance.

Are you an elderly South African in need of assistance? Are you currently on or would like to learn more about the Old Age Pension in our review?

Old Age Pension

How to apply for the Old Age Pension?

If you want to see how the government can help you get a better life at 60+, you can read on to learn how to apply for the Old Age Pension!

If so, you should know that this government program offers up to R2,000 per month, depending on your age!

Moreover, whether you’re looking for a way to supplement your income and make life easier as you get older or are just curious about what this benefits program offers – we’ve got good news!

Here at our blog post today, we will be reviewing the specifics of the Old Age Pension so that you can make informed plans regarding how best to use the funds available. Read on for all the details!

How does the Old Age Pension work?

Many elderly people do not have the resources to fully support themselves and often require additional financial assistance.

Therefore, the Older Person’s Grant, often known as the state old-age pension, may be available to citizens, permanent residents, and refugees who are 60 or older and have no other means of financial support.

Moreover, the grant money will be used to help retirees with their living expenses.

Also, you’ll get up to R1980 per month if you’re 60 years old or older. Plus, if you’re 75 years old or more, you can get up to R2000!

In addition, SASSA may audit you for your financial aid. Whatever award you get will be proportional to the amount of income you indicate on your application.

Therefore, you’ll get a notification three months before your review or the day your life certificate is due.

Old Age Pension benefits

Depending on your age, you can get up to R2 000 per month. Source: Canva.
Depending on your age, you can get up to R2 000 per month. Source: Canva.

As we mentioned, those who qualify for this benefit can get an amount per month that can help them live better lives after 60 years old.

Moreover, you’ll be able to send a person to apply for you in case you’re too old or sick to go to the nearest office.

However, this benefit also has some downsides. So, read the pros and cons below to learn more with this Old Age Pension review and see if it’s the best choice for your needs!

Pros

  • You can get up to R2000 if you’re 75+ years old;
  • There is a chance for someone else to apply for your benefit if you can prove that you’re too old or sick to go.

Cons

  • You may not be able to qualify if you don’t meet the many requirements;
  • The government will review your application in up to three months, and this can be a long time for some people.

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Should you apply for the Old Age Pension?

If you meet the requirements to get this government program, you should apply for it! This way, you’ll be able to make ends meet at the end of every month.

Moreover, you may even be able to start improving your finances to stop using the benefit later.

How to apply for the Old Age Pension?

You can easily apply for this benefit in the nearest office to your home. Also, you’ll be able to have all the info from the workers there.

Old Age Pension

How to apply for the Old Age Pension?

If you want to see how the government can help you get a better life at 60+, you can read on to learn how to apply for the Old Age Pension!

About the author  /  Victória Lourenço

Victória Lourenço is part of the finance writer team for The Mister Finance website. She is a translator and copywriter, having worked on finance topics for over four years. She has a goal to keep studying finances to help people learn more about how to use their credit cards, make loans, and use other money-related products in a way that they can find a more meaningful and healthy financial life!

Reviewed by  /  Aline Barbosa

Senior Editor

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