Post Content follows this advert.
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.