Pension increases – 20 March 2016

In accordance with indexation, Age Pension, Disability Support Pension and Carer Payment rates will increase. From 20 March 2016, the following pension payment rates will apply:

  

Maximum pension payment rates

Previous

Current

Increase

Single

Base

$788.40

$794.80

$6.40

Supplement

$64.50

$65.00

$0.50

Energy Supp.

$14.10

$14.10

Total

$867.00

$873.90

$.6.90

Couple (each)

Base

$594.30

$599.10

$4.80

Supplement

$48.60

$49.00

$0.40

Energy Supp.

$10.60

$10.60

Total

$653.50

$658.70

$5.20

The Energy Supplement (formerly the Clean Energy Supplement) is no longer subject to indexation and will remain at the rate of $14.10 for singles and $10.60 for each eligible member of a couple. 

Pension Supplement* basic amount

Previous

Current

Increase

Single

$22.50

$22.70

$0.20

Couple separated

$22.50

$22.70

$0.20

Couple (each)

$18.60

$18.70

$0.10

Pension Supplement# minimum amount

Single

$34.60

$34.90

$0.30

Couple separated

$34.60

$34.90

$0.30

Couple (each)

$26.10

$26.30

$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

Age Pension Guide: Download Our Free Retirement and Pension eBook
Working out your financial position is the first step to deciding whether or not you can consider retirement. YourLifeChoices Age Pension guide will provide you with the necessary information you need to get your retirement underway.

Written by Debbie McTaggart



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