AGED pension payments have seen an increase from September 20, 2024, as part of the latest indexation adjustment by Centrelink.
For singles, the fortnightly payment has risen by $28.10, bringing the total to $1,144.40. For couples, each member will receive an additional $21.20 per fortnight, bringing the total payment to $862.60 per person, or $1,725.50 combined per fortnight.
This indexation occurs four times a year to ensure pension payments keep pace with the rising cost of living, helping each financial pressures on older Australians.
The same increase will apply to the Disability Support Pension and Carer payment, taking the total per fortnight, including energy supplement, to $1,144.40 for singles and $862.60 for each member of a couple.
Commonwealth rent assistance has also increased by 10 per cent, going up $23 per fortnight for singles without dependent children, who will go from receiving $188.20 to $211.20. A couple who previously received $177.20 will now receive $199 per fortnight.
Visit www.servicesaustralia.gov.au to learn more about these changes, or contact Services Australia.
