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Australian Aged Pension Rates 2017
An Australian Citizen or Permanent Resident may be eligible for the Welfare Based Aged Pension if:
- They are at least 65 years and 6 months old (New rules from 1st July 2017)
- under the income and assets test limits
- an Australian resident, normally for at least 10 years
When are you eligible for the Australian Aged Pension?
- If your birthdate is before 1 July 1952 you’ll be old enough at 65 years
- If your birthdate is 1 July 1952 to 31 December 1953 you’ll be old enough at 65 years and 6 months
- If your birthdate is 1 January 1954 to 30 June 1955 you’ll be old enough at 66 years
- If your birthdate is 1 July 1955 to 31 December 1956 you’ll be old enough at 66 years and 6 months
- If your birthdate is on or after 1 January 1957 you’ll be old enough at 67 years
The Australian Aged Pension was increased in 2017, and the new FORTNIGHTLY rates are now:
Australian SINGLE PERSON, Fortnightly Pension
$808.30 Base Pension
$ 65.90 Supplement
$ 14.10 Clean Energy Supplement
Australian COUPLE, Fortnightly Pension per person
$609.30 Base Pension
$ 49.70 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 $168 before the aged pension is reduced.
A couple combined can have other Fortnightly income of up to $300 before the aged pension is reduced.
The reduction is based on 50 cents for each dollar ‘other income’ over the income threshold.