Australian Aged Pension Rates 2019

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Australian Aged Pension Rates September 2019

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 new, fortnightly, rates from 20th September 2019 are:

Single Person Aged Pension September 2019

$843.60 from $834.40 Single Base pension
$68.50 from $ 67.80 Pension Supplement
$14.10 no change from  14.10 Energy Supplement
$926.20 from $916.30 Total Pension

Married Person Aged Pension September 2019

$635.90 from $629.00 Married Base Pension
$51.60 from $  51.10 Pension Supplement
$10.60 no change from 10.60 Energy Supplement
$698.10 from $690.70 Total Pension

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.

Source: www.humanservices.gov.au/…/income-test-pensions



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