How To Apply For Old Age Pension In Namibia

What is old age pension?

Old-Age Retirement Benefit is a cash benefit paid to a member of the scheme who has retired from work due to old age. There are two types of retirements under old-age; namely. Compulsory Retirement at age 60; and. Voluntary Retirement at age 55 years and above but below 60 years.

This is how to apply for old age pension in Namibia

• To apply to this scheme, the applicants in the rural area must visit the Block Development Office and the District Social Welfare Officer to apply for the IGNOAP scheme in the urban area.
• Visit the Social Welfare Department in your area and get the application form.

Frequently Asked Questions

How much is the Namibian old age pension?

Old-age pension (universal): N$1,100 a month is paid. Veterans’ pension (universal): N$2,200 a month is paid.

How long does it take to apply for aged pension?

If you submit your claim on the day you turn Age Pension age, in most cases you’ll be waiting between two weeks and two months to be paid.

How much do pensioners get in Namibia?

Namibia’s old age social pension, renamed in 1998 as Basic Social Grant (BSG), guarantees all Namibia’s residents over 60 years of age a monthly unconditional allowance of 1 100 Namibian dollars (N$) per month. It corresponds approximately US$ 78 per month lifting the grant beneficiary well above the poverty line.

How do I get a pension?

The minimum eligibility period for receipt of pension is 10 years. A Central Government servant retiring in accordance with the Pension Rules is entitled to receive pension on completion of at least 10 years of qualifying service.

Can I apply online for old age pension?

The easiest way to claim is online. To claim online, you need a myGov account linked to your Centrelink online account. If you don’t have a myGov account or a Centrelink online account, you’ll need to set them up. You may need to confirm your identity with us before you start your claim.

Who qualifies for old age pension?

The first requirement that you must satisfy to be eligible for the Age Pension is reaching the minimum age. It is currently 66 years and 6 months for both men and women, increasing to 67 years from 1 July 2023.

Can I get a pension at 60?

Yes, the qualifying age for the service pension is 60 years for both men and women. It’s important to understand that the service pension is different from the Age Pension.

How long do you receive pension?

Pension payments are made for the rest of your life, no matter how long you live, and can possibly continue after death with your spouse.

Can I get the aged pension if my wife still works?

When you reach the Age Pension age and your partner has not, you will still be assessed under the income and assets test as part of a couple, and will receive the couple’s rate of Age Pension, one member eligible.

What assets are included for age pension?

The Age Pension assets test takes into account most types of property or possessions you or your partner own in full or in part. This includes things like money in a bank account, motor vehicles, investment properties and investments such as shares and superannuation.

When can I retire if I was born in 1958?

If you were born in 1958 your full retirement age is 66 and 8 months. If you start receiving benefits at age 66 and 8 months you get 100 percent of your monthly benefit. If you delay receiving retirement benefits until after your full retirement age, your monthly benefit continues to increase.

Can you work and still get old age pension?

You may be allowed to receive the Old Age Security ( OAS ) pension even if you’re still working. If you earn a high income from work after you turn 65 years old you may need to pay some of the OAS pension back. You pay it back through the OAS recovery tax. Find out how the OAS recovery tax is calculated.

What is an old age pension?

The main income support payment for people who have reached Age Pension age.

Who qualifies for old age pension?

The first requirement that you must satisfy to be eligible for the Age Pension is reaching the minimum age. It is currently 66 years and 6 months for both men and women, increasing to 67 years from 1 July 2023.

What is the rule of old age pension?

Applicant must be destitute and having no regular source of financial support form family members or any other sources is eligible for old age pension. BPL widows and BPL persons with severe and multiple disabilities in the age group of 60 -79 years are not eligible for this scheme.

How do I apply for the 60 year pension?

• Check you meet the eligibility requirements.
• Select the ‘Apply online’ button.
• Complete and submit the online form.
• When your application is processed you’ll receive an email confirmation. The card will arrive by post in about 21 days.

How can I apply for senior pension in UP?

Step 1: The applicant has to visit the integrated pension portal of the Uttar Pradesh Government. Step 2: Click on “Old Pension” which is present on the homepage of the portal. Step 3: On the same page, click on “Apply Online” tab to apply for the scheme.