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Jun 12 2016

Australian Aged Pension Rates 2016


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Australian Aged Pension Rates 2016

The Australian Aged Pension was increased in March 2016, and the new FORTNIGHTLY  rates are now:

Australian SINGLE PERSON Pension

$794.80 Base Pension

$ 65.00 Supplement

$ 14.10 Clean Energy Supplement

$873.90 Total

COUPLE (each)

$599.10 Base Pension

$ 49.00 Supplement

$ 10.60 Clean Energy Supplement

$658.70 Total

A Couple separated due to ill health will each receive the Single Person rate.

Australian Aged Pension Income Test

A single pensioner can have other Fortnightly income of up to $162 before the aged pension is reduced.
A couple combined can have other Fortnightly income of up to $288 before the aged pension is reduced.
The reduction is based on 40 cents for each dollar ‘other income’ over $288 per fortnight.

Source: http://www.humanservices.gov.au/customer/enablers/centrelink/age-pension/payment-rates-for-age-pension



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