What is Old Age Pension?
An old age pension is a regular amount of money that people receive from the government when they have retired from work.
How much do pensioners in South Africa get?
South African pension rates and contributions
The current South African pension rates for the SASSA grant are a maximum of R1,780 per month, rising to R1,800 per month for those aged over 75.
How much do seniors get for pension?
For a single senior
| TYPE OF RESIDENCE | MAXIMUM ANNUAL BENEFIT (WHERE INCOME FOR CALCULATING BENEFIT IS $0) |
|---|---|
| Homeowner, renter, lodge resident | R 53048.78 |
| Long-Term Care Centre or Designated Supportive Living Facility | R 181998.61 |
| Other Residence Categories | R 36953.25 |
Who qualifies for an old age pension in South Africa?
Old-age pension
The pension is means-tested with individuals having an income of under ZAR 73 800 for singles and ZAR 147 600 for couples and no more than ZAR 1 056 000 in assets for a single person and ZAR 2 112 000 for a couple. The benefit amount is up to ZAR 1 600 per month for singles and ZAR 3 200 for couples