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Age Pension Indexation Increase March 20

Changes to the Age Pension take effect from March 20th 2016. Please note that the full increase amount will not apply until your first full payment after the increase date, a partial payment will be added to the first payment received. Single people on a full pension will receive an increase of $6.90 per fortnight. Couples will receive an increase $5.20 each and $10.40 combined.

The new rates are:

Pension rates per fortnight Single Couple each Couple combined Couple each
separated due to ill health
Maximum basic rate $794.80 $599.10 $1,198.20 $794.80
Maximum Pension Supplement $65.00 $49.00 $98.00 $65.00
Energy Supplement ` $14.10 $10.60 $21.20 $14.10
TOTAL $873.90 $658.70 $1,317.40 $873.90

 

 

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