Age Pension rates are adjusted according to indexation in March and September.
Changes to age pension rates from March 20, 2018:
Adult pension rates per fortnight
|
|
Previous Amount
|
New amount
|
Increase
|
Single
|
|
|
|
|
|
Base
|
$814.00
|
$826.20
|
$12.20
|
|
Supplement
|
$66.30
|
$67.30
|
$1.00
|
|
Energy Supplement
|
$14.10
|
$14.10
|
-
|
|
Total
|
$894.40
|
$907.60
|
$13.20
|
Partnered (each)
|
|
|
|
|
|
Base
|
$613.60
|
$622.80
|
$9.20
|
|
Supplement
|
$50.00
|
$50.70
|
70 cents
|
|
Energy Supplement
|
$10.60
|
$10.60
|
-
|
|
Total
|
$674.20
|
$684.10
|
$9.90
|
Adult Transitional Pension Rate per fortnight
|
|
Previous Amount
|
New Amount
|
Increase
|
Resident in Australia
|
|
|
|
|
Single
|
Max. Rate
|
$738.30
|
$747.90
|
$9.60
|
|
Energy Supplement
|
$14.10
|
$14.10
|
-
|
|
Total
|
$752.40
|
$762.00
|
$9.60
|
Partnered (each)
|
|
|
|
|
|
Max. Rate
|
$596.40
|
$604.20
|
$7.80
|
|
Energy Supplement
|
$10.60
|
$10.60
|
-
|
|
Total
|
$607.00
|
$614.80
|
$7.80
|
Not resident in Australia or absent for > 6 weeks
|
|
|
|
|
|
Single
|
$677.20
|
$686.00
|
$8.80
|
|
Partnered (each)
|
$566.00
|
$573.40
|
$7.40
|
Adult pension supplement basic amount
|
Previous amount
|
New Amount
|
Increase
|
Single
|
$23.10
|
$23.40
|
30 cents
|
Separated (illness/ respite care / gaol)
|
$23.10
|
$23.40
|
30 cents
|
Partnered
|
$19.00
|
$19.20
|
20 cents
|
Adult pension supplement minimum amount
|
Previous Amount
|
New Amount
|
Increase
|
Single
|
$35.70
|
$36.10
|
40 cents
|
|
Separated (illness/ respite care / gaol)
|
$35.70
|
$36.10
|
40 cents
|
|
Partnered
|
$26.90
|
$27.20
|
30 cents
|
Pension disqualifying assets limits
|
Previous amount
|
New Amount
|
Increase
|
Resident
|
|
|
|
Single, home owner
|
$552,000
|
$556,500
|
$4,500
|
Single, non home owner
|
$755,000
|
$759,500
|
$4,500
|
Couple (combined), home owner
|
$830,000
|
$837,000
|
$7,000
|
Couple (combined), non home owner
|
$1,033,000
|
$1,040,000
|
$7,000
|
One partner eligible (couple combined), home owner
|
$830,000
|
$837,000
|
$7,000
|
One partner eligible (couple combined), non home owner
|
$1,033,000
|
$1,040,000
|
$7,000
|
Illness separated (couple combined), home owner
|
$977,000
|
$986,000
|
$9,000
|
Illness separated (couple combined), non home owner
|
$1,180,000
|
$1,189,000
|
$9,000
|
Non resident
|
|
|
|
Single, home owner
|
$533,000
|
$537,000
|
$4,000
|
Single, non home owner
|
$736,000
|
$740,000
|
$4,000
|
Couple (combined), home owner
|
$802,500
|
$808,500
|
$6,000
|
Couple (combined), non home owner
|
$1,005,500
|
$1,011,500
|
$6,000
|
One partner eligible (couple combined), home owner
|
$802,500
|
$808,500
|
$6,000
|
One partner eligible (couple combined), non home owner
|
$1,005,500
|
$1,011,500
|
$6,000
|
Illness separated (couple combined), home owner
|
$939,000
|
$947,000
|
$8,000
|
Illness separated (couple combined), non home owner
|
$1,142,000
|
$1,150,000
|
$8,000
|
Transitional Rate Pension Disqualifying Assets Limits
|
Previous Amount
|
New Amount
|
Increase
|
Resident
|
|
|
|
Single, home owner
|
$504,750
|
$507,750
|
$3,000
|
Single, non home owner
|
$707,750
|
$710,750
|
$3,000
|
Couple (combined), home owner
|
$785,500
|
$790,500
|
$5,000
|
Couple (combined), non home owner
|
$988,500
|
$993,500
|
$5,000
|
One partner eligible (couple combined), home owner
|
$785,500
|
$790,500
|
$5,000
|
One partner eligible (couple combined), non home owner
|
$988,500
|
$993,500
|
$5,000
|
Illness separated (couple combined), home owner
|
$882,500
|
$888,500
|
$6,000
|
Illness separated (couple combined), non home owner
|
$1,085,500
|
$1,091,500
|
$6,000
|
Non-resident
|
|
|
|
Single, home owner
|
$479,500
|
$482,500
|
$3,000
|
Single, non home owner
|
$682,500
|
$685,500
|
$3,000
|
Couple (combined), home owner
|
$758,000
|
$763,000
|
$5,000
|
Couple (combined), non home owner
|
$961,000
|
$966,000
|
$5,000
|
One partner eligible (couple combined), home owner
|
$758,000
|
$763,000
|
$5,000
|
One partner eligible (couple combined), non home owner
|
$961,000
|
$966,000
|
$5,000
|
Illness separated (couple combined), non home owner
|
$832,000
|
$838,000
|
$6,000
|
Illness separated (couple combined), non home owner
|
$1,035,000
|
$1,041,000
|
$6,000
|
- Full details of new rates and thresholds are available on the DSS website.