The maximum basic rate of the Age Pension in Australia for a single person is $971.50 per fortnight. For couples, the combined maximum basic rate is $1464.60 per fortnight. For couples apart due to ill health, the maximum basic rate is $971.50 per fortnight. For couples, each party gets a maximum basic rate of $732.30 per fortnight.
It’s important to note that these rates are subject to change as they are adjusted regularly in line with indexation and government policy. The rates may also vary depending on factors such as income, assets, and personal circumstances.
In addition to the basic rate, there may be other supplements and allowances available to eligible pensioners, such as the Pension Supplement, Energy Supplement, and Rent Assistance.
The maximum Pension Supplement of the Age Pension in Australia for a single person is $78.40 per fortnight. For couples, the combined maximum basic rate is $118.20 per fortnight. For couples apart due to ill health, the maximum basic rate is $78.40 per fortnight. For couples, each party gets a maximum basic rate of $59.10 per fortnight.
The Energy Supplement of the Age Pension for a single person is $14.10 per fortnight. For couples, $21.20 is paid for energy supplement per fortnight. For couples apart due to ill health, $14.10 per fortnight and for couples, each party gets $10.60 per fortnight for energy supplement. Do note that the energy supplement is only available for people who had a Commonwealth Seniors Health Card before 20 September 2016.
These additional payments can provide extra financial support and vary based on individual circumstances.
Age Pension rates for non-residents are as follows
If you live outside Australia and qualify for the Age Pension, the rates are as follows:
- Single: $801.00 per fortnight (approximately $20,826 per year) – an increase of $28.60 per fortnight
- Couple (each): $669.50 per fortnight (approximately $17,407 per year) – an increase of $23.90 per fortnight
- Couple (combined): $1,339.00 per fortnight (approximately $34,814 per year) – an increase of $47.80 per fortnight
- Couples separated due to illness each receive the Single rate (see above), which combined is $1,602.00 (approximately $41,652 per year) – an increase of $57.20 per fortnight
To get the most accurate and up-to-date information on the current rates and eligibility criteria for the Age Pension, it is recommended to visit the official Services Australia website (https://www.servicesaustralia.gov.au/) or contact Centrelink directly. They can provide personalized advice based on your specific situation and assist you with any questions or concerns you may have regarding the Age Pension.