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
$599.10 Base Pension
$ 49.00 Supplement
$ 10.60 Clean Energy Supplement
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.