Age Pension finally increased!!
Updated: May 26
The Government has reinstated the indexation increase for March 20. Senator Anne Ruston, Minister for Families and Social Services, announced the new full rates will be as follows:
- Single Age Pension and DSP increase by $8.40 per fortnight to $952.70.
- Couples Age Pension and DSP increases by $12.60 per fortnight to $718.10 or $1436.20 for couples combined.
These rates include the Pension supplement and Energy supplement which are payable to all pensioners in Australia. Rent assistance payments will also increase.
It’s welcome news after the last indexation increase was shelved on September.