Age Pension increases on 20 March 2025

by

Ed.

From retirementessentials.com.au: The Age Pension will see a slight increase on 20 March 2025, with estimated rates rising by about $4.52 for singles and $6.82 for couples per fortnight, reflecting a modest adjustment due to inflation metrics.

Despite a slowdown in the overall inflation rate to 2.4%, the Consumer Price Index (CPI) and Pensioners and Beneficiaries Living Cost Index still indicate a rise, ensuring that the pension won’t decrease even if inflation falls.

Additionally, income and asset limits for the Age Pension are expected to increase in conjunction with these rate changes.

Filed under: Tax - Individuals

Leave a Comment