The Federal Government have confirmed the new payment rates, which kicked in on September 20, for recipients of the Age Pension, Disability Support Pension, and Carer Payments. Singles can expect an increase of approximately $32.70 a fortnight and couples can expect an increase of approximately $24.70 a fortnight.
The rates for a full Age Pension for Australian residents for the period 20 September 2023 to 19 March 2024 are listed below:
Single: $1,096.70 per fortnight (approximately $28,514 per year)
Couple (each): $826.70 per fortnight (approximately $21,494 per year)
Couple (combined): $1,653.40 per fortnight (approximately $42,988 per year)
Couples separated due to illness each receive the Single rate (see above), which combined is $2,193.40 (approximately $57,028 per year)
Note: Annual amounts are approximate. The figures above include the pension and energy supplements.
