From 20th of March 2021 the fortnightly base rate for the aged pension will rise by $8.40 for singles to $952.70, and by $12.60 for couples to $1,436.20. These rates include Pension Supplement and Energy Supplement which are payable to all pensioners. This may be a small increase for many older Australians but every little bit helps.
The new Age Pension rates are as follows:
|Per fortnight||Single||Couple each||Couple combined||Couple apart due to ill health|
|Maximum basic rate||$868.30||$654.50||$1,309.00||$868.30|
|Maximum Pension Supplement||$70.30||$53.00||$106.00||$70.30|
If you are not sure whether you or one of your family members is receiving the correct amount of Age Pension benefits, or if you are planning to retire soon and need some help submitting an Age Pension application correctly, please feel free to get in touch with us!