10th Sep 2018
FONT SIZE: A+ A-
Age Pension increases: 20 September 2018

In accordance with indexation, Age Pension payment rates will increase as of 20 September 2018, but today, we can help you find out if you’ll receive more money as a result.

From 20 September 2018, the following pension payment rates will apply:

Maximum Age Pension payment rates

     Previous   Current   Increase 
 Single  Base  $826.20  $834.40  $8.20
   Supplement  $67.30  $67.80  $0.50
   Energy Supplement  $14.10  $14.10  —
   Total  $907.60  $916.30  $8.70
 Couple (each)   Base  $622.80  $629.00  $6.20
   Supplement  $50.70  $51.10  $0.40
   Energy Supplement  $10.60  $10.60  —

 Total  $684.10  $690.70  $6.60


The Pension Supplement is paid as part of certain regular fortnightly income support payments to help eligible recipients meet the costs of daily household and living expenses.

Pension Supplement* basic amount

   Previous   Current   Increase 
 Single  $23.40  $23.60  $0.20
 Couple separated   $23.40  $23.60  $0.20
 Couple (each)  $19.20  $19.40  $0.20


Pension Supplement# minimum amount



 Previous   Current   Increase
 Single  $36.10  $36.30  $0.20
 Couple separated   $36.10  $36.30  $0.20
 Couple (each)  $27.20  $27.40  $0.20

Pension Supplement basic is for those receiving a pension while overseas
Pension Supplement minimum is for those paid a pension under the transitional rules

Planning your finances in retirement will help you decide whether you can support your ideal retirement lifestyle with or without the help of the Age Pension. 

And, if you’ve just missed out on a part Age Pension due to your income or assets, indexed thresholds may mean you now qualify, so what are the new rates?

RELATED ARTICLES





    COMMENTS

    To make a comment, please register or login
    TREBOR
    10th Sep 2018
    5:14pm
    $8.70... better make it happy hour at the club for the celebratory two drinks p.f.

    Election must be a bit far off then - I'd expect more in a bribe than that....
    olbaid
    10th Sep 2018
    5:31pm
    Thats per f/n.

    DOnt tell me you cannot live on $834 per f/n with no rental payments and $1,258 for couples

    This doesnt include the host of discounts and rebates - add another $300 per f/n MINIMUM for all the other odds and ends thrown in

    Why would anyone bother to save more even anywhere close to the asset cut-off ;limits
    Rae
    10th Sep 2018
    6:02pm
    It's good TREBOR considering how many aged pensioners there are. When you have a lot of people receiving income from the taxpayer it is never a market amount.

    olbaid is right people should be able to live well if they own their home on those amounts.
    TREBOR
    10th Sep 2018
    8:21pm
    I get a little more than that.. but who's to quibble...

    Umm - depends on whether or not you accept that pension is derived from the 7.5% of income tax 0lus levies as per Menzies long ago and then amended as time went by.... and that's an ideological argument and not one of fact.

    The only real question is whether or not the pension is adequate for its purpose in this day and age of rising Costs Of Living, and whether or not it is keepingpace oris being deliberately run down.

    In the latter case, opposition is required - if it's good for the feminists, the gays, the ethnics, the Aboriginals and everyone else to complain and get what they want - it's a national right bordering on a national sport, and thus equally applies to pensioners/retirees.
    Charlie
    11th Sep 2018
    9:27am
    Rental assistance is often mistaken as a full payment of rent, but in many cases its less than half. The rest comes out of the pension.
    Charlie
    11th Sep 2018
    9:50am
    For age pensioners living in extreme climates and renting poorly insulated dwellings, the increased cost of electricity for heating and cooling takes a big slice of the pension... Pain medication is not free either, the cost is just reduced.... Everyone needs some kind of mobility to go out and buy food and other essential goods, there is always a registration, insurance and running cost to cover...Pensioners need communications to contact someone in case of medical emergency this is not free either.
    sunnyOz
    20th Sep 2018
    11:04am
    OLBAID - please tell me how the rebates of $300 per fortnight are calculated.
    I get $124.00 a year from my rates (nearly $3000 a year on a house valued at around $400,000, so no big mansion in a flash suburb). I get no phone discount. My power bill - discount of $62.55 per quarter. My doctor of over 20 years does not bulk bill - am on no medication, so no scripts. But need to see Dr to monitor a critical life long problem. Car rego discount - $142.65 per year. Might go to the pictures once every 6 months (nothing worth viewing) - ticket is $1 cheaper. Went to get tyres recently - got quote from one store where they quote seniors discounts. Few days later rang up and asked for price making no mention of seniors discount. With seniors discount price was $18.95 a tyre MORE.
    My maths make that around $20 a fortnight of savings. If I could get $300 worth of discounts a fortnight, I would be very happy.
    Cowboy Jim
    20th Sep 2018
    1:08pm
    Just come back from my local club, where a schooner of apple cider cost me $6.50. The do not miss you - every time the pension goes up the drinks follow. Gave up the smokes years ago but will not give up a couple of drinks. Might have to have them at home, eh?
    HS
    10th Sep 2018
    5:21pm
    If that was under Labor it would've been $16.40 increase for single pensioners on full pension
    olbaid
    10th Sep 2018
    5:32pm
    Dream on baby
    HS
    10th Sep 2018
    5:37pm
    Do a historical review first, olbaid, before mouthing off!
    olbaid
    10th Sep 2018
    5:39pm
    History is history

    Labor historically got rid of universal pension. Going by that piece of history, next they will remove pension completely
    marls
    10th Sep 2018
    6:48pm
    Olbaid
    Google who stole the workers compulsory pension fund by Australian morning mail
    TREBOR
    10th Sep 2018
    8:25pm
    Seems to be some confusion here - we had a form of universal pension bounded by tests (glurg) - the whole fund was rolled like a Saturday night drunk into 'consolidated revenue', from which it then became a fiefdom for politicians to dole out as they chose without consideration for details and facts.

    Gillard The Usurper raised the awful spectre of raising it slowly to age 70... and 'the other side' happily leapt on that -but that's a separate issue from the quality and quantity of pension (quality is derived from how it is calculated/how much it continues to buy and quantity is the raw figure - very raw for some after the chops of the past few years.

    A truly universal pension paid without question to all would be bounded by different tests.. all would receive it, but would be taxed on all above that is deemed to be income or to procure income.

    Vast difference.
    HS
    10th Sep 2018
    8:26pm
    Malcolm Fraser Stole the 1950's pension fund money.
    olbaid
    10th Sep 2018
    5:31pm
    I'm amazed at how generous the pension scheme is especially for those who have a little bit saved up in super or other investments
    Joy Anne
    10th Sep 2018
    5:50pm
    TEBOR Totally agree. Wow $8.70 per fortnight. That only pays for my milk a fortnight.
    Absolutely disgusting. What about a decent increase plus Rental Assistance should be at least $200 per fortnight or more with the rents these days.
    TREBOR
    10th Sep 2018
    8:26pm
    I'm still waiting for my own final figure - it's a little different but based on the same scales etc...
    TREBOR
    10th Sep 2018
    8:28pm
    Still not a lot - and I take up the cudgels for the many in hardship.... I'm OK with what I've got.. apart from looking for that boat.. show me that horizon..... and damn the marina owner who rammed and sank The Blue Pearl and never admitted to it.... bastard... sold it for a song.... bastard....
    ozrog
    10th Sep 2018
    6:23pm
    Whoppy bloody do. World cruise here we come. Not!
    olbaid
    10th Sep 2018
    8:29pm
    The same old stupid comments every time there's a welfare increase

    Just disgraceful

    Taxpayers are forking out around $50k per couple tax free and more every year and ungrateful people have the gall to just whinge whinge whinge
    TREBOR
    10th Sep 2018
    11:32pm
    We ARE the taxpayers and have been so for life....
    olbaid
    10th Sep 2018
    11:34pm
    Yeah Trebor
    So how much do you want back in your retirement years over and above the generous safety net for those who couldn’t be bothered saving or were just fell on tough times
    Kathleen
    10th Sep 2018
    7:40pm
    I think it is good. It is not for alcohol and overseas trips. It is to eat well and maintain a comfortable lifestyle. Eating out is a shocking waste of money so we don’t. Shop well and be careful and it is okay. A trip to see the grandkids interstate is doable when driving.
    TREBOR
    10th Sep 2018
    8:29pm
    I'll drink to that in a Parisian cafe or a Dublin pub over Guinness.... or after a day looking over European property for half the year.... warm in, cold out...
    TREBOR
    10th Sep 2018
    8:30pm
    OG reckons the cruise ships are loaded to the gunwales with pensioners..... watch 'ew talkin' about dere, Aunt Kathie? He must be right... right?
    Kathleen
    10th Sep 2018
    9:28pm
    OG and others like Olbaid are bitter and not realistic. Cruises are expensive for a couple. Overseas holidays are expensive. Not everyone has excess money for luxuries like restaurant meals or cruises or holidays that are beyond a visit to the grandkids. People manage on the pension because they don’t do these things. My actual name is Kathleen. I don’t use a pseudonym. (Kathleen)
    olbaid
    10th Sep 2018
    9:30pm
    Not bitter at all.
    Sounds like the truth is a bitter pill for you to swallow
    TREBOR
    10th Sep 2018
    11:33pm
    Damn - and I thought Ebergeezer Scrooge was bad in his off character....

    Starve the Grannies!!
    Cowboy Jim
    20th Sep 2018
    1:19pm
    Sat in a Dublin pub over a Guinness last week, Trebor, was thinking how tough life is for the lot down under. If you have some spending money use it, you won't need it later on in the cemetery. Kathleen - not everyone has grandkids waiting to inherit the family home. I intend spending what we have. I like eating out from time to time, our youngsters need a job as well. If every one just spends what is absolutely necessary there would be no jobs.
    GrayComputing
    10th Sep 2018
    9:36pm
    It is time for all of us (that means you) to rant at our MPs and Senators daily to take action for human decency and a huge stress reduction for pensioners

    NO ASSET TEST FOR A PENSION EVER AGAIN!
    A pension is not welfare.

    Most economist say we will save taxpayers money by dropping asset testing because of the massive overheads cost in running Centrelink and the 10,000 conflicting rules.

    Hiring more Centrelink staff will only increase taxpayer’s costs for processing the creeping insane red tape monster system politicians and well paid bureaucrats have created.

    Help scrap it now. Become a hero.

    Even poorer New Zealand has a NO ASSET pension so it is cheaper and user friendly.

    Why worry that few million$ earners get it too. That is peanuts to them, not enough for a good vintage champagne.

    Do retired and retiring people really look forward and want 100++ visits to/from Centrelink and be part of 3 million waiting queues and lost calls?

    Does your MP really like being part of the system that allows this indirect abuse of the elderly?

    This abuse is actually sponsored by our government and forced down to Centrelink and borders on a criminal act.

    Why do MPs normally compassionate persons let this Centrelink abuse happen at taxpayers’ expense?

    Some opposition and independent MPs stand to lose their chance at being part of the needed government changes

    We all (that means you) need to tell our MP and senators every day that these criminal asset tests for a pension must be dropped now.

    DEMAND: NO ASSET TEST FOR A PENSION EVER AGAIN!

    Please help yourself and others today and every day, pass this demand on to all government, opposition and independent MPs and senators who could help us to get a fair deal on pensions
    Billy
    10th Sep 2018
    9:54pm
    Big bloody deal, but comes as no surprise. What else can we expect from a load of back stabbing ladder climbers whom are feathering their own nests. Housing Dept. will take 25% of that for starters and so on................
    Hairy
    11th Sep 2018
    5:58am
    Fuel has just obliterated rise,the cost of transport for everything that you buy in supermarket or stores delivered by truck will also impact on disposable pension . Wake up to yourselves you will be worse off as per usual. You know that rainy day pensioners have been hoarding for well it’s here make no mistake.what a misererable web of hate and persecution successive governments have touted against Paid up by 7.5% taxed pensioners since 1943.Theives liars rorters and they get away with it.FFS you can’t even vote them out your independent sells you out to the very person and party you were trying to avoid.TRUST NONE NOT EVEN YOUR OWN BANK NOW.welcome to Australia the land of corruption.WHERE HAS HONESTY AND INTEGRITY GONE..
    KSS
    11th Sep 2018
    6:41am
    This is equal to about 1% increase and comes on top of the 1.5% increase in March, plus the other changes that took place from July this year which meant a lifting of the threshold rate, income test limits, etc all of which add up to a higher income increase than I got working full time.

    Yes everyone always wants more. But a bit of perspective is needed here. The pension is not meant to cover luxuries such as cruises or even meals out (neither of which I do either). It is meant to be a safety net and provide the basics for life. Not a comfortable retirement living it up at the taxpayer's expense.

    And for those saying the increase barely covers their milk bill - well all I can say is you need to shop elsewhere! Or switch your cat to water!
    almost a grey hair
    11th Sep 2018
    7:59am
    Every time there is an increase in pensions which is twice a year, people still whinge that its not enough. The truth is in 3 years you have had 6 payment increases which chances are is 6 more than a family that pays tax, childminding fees and extra in groceries and your pension payments in the form of tax, spare a thought for them for a change It will be 4 years before I get the age pension and my wifes wage is less than the pension rate for a couple, I can't wait to get on the big bucks. We will be able to have two o'seas hols a year instead of merely one. You're getting it for nil input don't look a gift horse in the mouth.
    Charlie
    11th Sep 2018
    9:30am
    I can afford an extra cappuchino each week, up with the high flyers now.
    80 plus
    11th Sep 2018
    9:57am
    Thats per f/n.

    OLBAID WROTE; DOnt tell me you cannot live on $834 per f/n with no rental payments and $1,258 for couples

    This doesnt include the host of discounts and rebates - add another $300 per f/n MINIMUM for all the other odds and ends thrown in,
    I AM MISSING OUT, CAN YOU DETAIL HOW TO CLAIM THE EXTRA $300? OR LIST THEM.
    Billy's bonkers
    11th Sep 2018
    10:39am
    Olbaid won't list them, full of himself, always negative to others that disagree but never ever gives an informative response, just constantly touting the governments so called extravagant good deeds to those on welfare (that's what he insists it is) without really any constructive input.
    Old Geezer is the same, hmmmm one of the same maybe
    80 plus
    11th Sep 2018
    10:26am
    Further to my last post, I do not know where obaid lives, but my town rates, health insurance and house insurance are $382.75 a fortnight, add power water and phone is another $ 90 a fortnight this leaves $785 a fortnight so I really do need that extra $300 to help with the medicare gap for essential surgery which is averaging just over $103 a f/n plus cost of medication which is $49 per script x 2 every 30 days. the remainder goes on non essentials such as food, transport to go shopping and two games of lawn bowls a week.
    patti
    11th Sep 2018
    11:07am
    If you are not renting or paying a mortgage, it is probably enough to live on, but not much left over for anything but the basics. If, like me, still pay a mortgage, get no help unlike a renter, and also have housing costs (insurance, repairs etc) so it's a very fine line. But thank goodness it is available, imagine living in Syria for example??
    almost a grey hair
    11th Sep 2018
    12:06pm
    yes I agree Patti there seems to be a vast difference in what people are receiving, whether they are part of a couple & whether they rent or own a home. Maybe we should move to a universal pension where it would be more of a level playing field, and in the outgoings part everyone pays their own way as in user pays the same. Why should I pay $3 K a year plus water rates supply only of $500 and not rec any assistance when some have not provided much in the way of tax and have their hand out most of their lives for rent assistance etc.

    Also why should I receive less because I have done without along the way and salary sacrificed to secure my own future. Also I wonder how many same sex couples are receiving allowances and pensions at the single rate x two on the sly where others are doing the right thing and claiming as a couple. The current system needs a total revamp. Its my personal aim to keep spending until when I apply for the pension I will be $1 under the line for the full whack when I apply. Thailand last year Vietnam the year before, just got back from 5 wks in Africa. Why the hell should I miss out on the gravy train and all while my wife works and makes less than the pension for a couple. The whole setup is forcing people to jockey and position themselves accordingly (those that have got the brains to) to get the most.
    Someone I know who works for Centrelink told me that every single person who walks through the door tries to get something for nothing or doesn't disclose something, and when people are given a rise in pension for no productivity increase they still whinge.
    Furthermore when I go to see my doctor who no longer bulk bills I can get in same or next day, when bulk billing took a week sometimes more and a waiting room full of oldies getting whatever they could for nothing and then cheap scripts on top, much better if everyone pays the same.
    Needy
    11th Sep 2018
    6:56pm
    Doesn’t even pay for the petrol to get to and from my doctor, 52klms each way. But I am happy.
    This is the half yearly raise. From the noise that is being made about it I though it was an extra payment. Well, I was wrong. $8.70 satisfies me, thanks.
    Whinger01
    15th Sep 2018
    1:41pm
    Perhaps the age pension is enough (bs) but why all the middle class welfare is what gets me. Child care subsidies and all the other allowances for people earning over $100000.00pa. When you consider the age pension is $23823.80 pa. And lets not get into what the Politicians give them selves. Also the current age pensioners paid taxes and had no compulsory Super until 1991.
    Needy
    16th Sep 2018
    4:53pm
    Whinger01. It is enough but we all would like more.
    olbaid
    16th Sep 2018
    4:57pm
    You hit the nail on the head Needy.
    All the whinging is because people want MORE even though the pension is ENOUGH

    And the pollies use this to win votes - pollies of the left persuasion of course
    80 plus
    16th Sep 2018
    6:07pm
    olbaid, still waiting for clarification ref the $300/fn minimum and how do access it, 10 sept. OR are your posts without substance and are just rabid right wing nonsense.
    olbaid
    16th Sep 2018
    7:06pm
    Per annum
    Rates - $1,000
    Low Income rebate - $250
    Gas rebate - $200
    Transport discounts - $1000
    Pharmaceuticals - $3000-$10,000
    Telstra - $100
    Home help - $15k and upwards


    Just to list a few

    $300 per f/n works out to $7,800 per annum
    Cowboy Jim
    20th Sep 2018
    1:23pm
    olbaid -
    rates $450
    Electricity $220
    Pharma $300
    Transport discounts $600

    that is my situation (2 people)
    80 plus
    17th Sep 2018
    8:22am
    I live in a regional city and do not use Telstra, Home help?? The list is what can be applied for not what you MAY receive, not one of those listed apply to me, your list reminds me a shonky store advert, upto 90% off (usually an item they can not sell). the rest are full price.
    Ed
    20th Sep 2018
    7:10am
    Well today is Sept. 20th,I have just received my Pension payment, $907.60 NO increase..! this Govt. is deceitful as not to pass on the increase until the next payment I guess, what a bunch of cheap Charlies...Well guys there goes my vote for the Libs, I don't like being conned
    sunnyOz
    20th Sep 2018
    11:03am
    OLBAID - please tell me how the rebates of $300 per fortnight are calculated.
    I get $124.00 a year from my rates (nearly $3000 a year on a house valued at around $400,000, so no big mansion in a flash suburb). I get no phone discount. My power bill - discount of $62.55 per quarter. My doctor of over 20 years does not bulk bill - am on no medication, so no scripts. But need to see Dr to monitor a critical life long problem. Car rego discount - $142.65 per year. Might go to the pictures once every 6 months (nothing worth viewing) - ticket is $1 cheaper. Went to get tyres recently - got quote from one store where they quote seniors discounts. Few days later rang up and asked for price making no mention of seniors discount. With seniors discount price was $18.95 a tyre MORE.
    My maths make that around $20 a fortnight of savings. If I could get $300 worth of discounts a fortnight, I would be very happy.
    sunnyOz
    20th Sep 2018
    11:05am
    Increase must be AFTER 20th September. Got my pension today - and no increase.


    Join YOURLifeChoices, it’s free

    • Receive our daily enewsletter
    • Enter competitions
    • Comment on articles