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Australian Aged Pension Rates March 2021

The Australian Aged Pension from March 2021.

The Australian Aged Pension is revised in March and September (normally) each year, and the March 2021 new Pension Rates have been released. This pension is paid Fortnightly.

The Age Pension recipients will increase by $8.40 a fortnight for singles, and $6.30 each for members of a couple. This includes the Pension Supplement and Energy Supplement.  Disability Support Pension and Carer Payments will also increase to the same figures.

The Government Aged Pension is a welfare benefit, paid by the Department of Human Services [Centrelink], the Australian welfare system.

The new, fortnightly, rates from 20th March 2021 are:

Single Person Age Pension March 2021

  • $868.60 Single Base pension
  • $70.30 Pension Supplement
  • $14.10  Energy Supplement
  • $952.70  Total Pension

Married Person Age Pension March 2021

  • $654.40 Married Base Pension
  • $53.00  Pension Supplement
  • $10.60  Energy Supplement
  • $719.10 Total Pension per person.

These rates will be reviewed again for further changes in September 2021.

 

When are you eligible for the Australian Aged Pension?

The entitlement age for the Australian Aged Pension is gradually increasing from age 65 to age 67.

From the 1st July 2019, an applicant for the Aged Pension had to be 66 years old.
From the 1st July 2021, an applicant for the Aged Pension must be 66 years and 6 months old.
From the 1st July 2023, an applicant for the Aged Pension must be 67 years old.

  • 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.

Australian Aged Pension Rates 2016-2021

Married Person (each) Total Fortnightly Pension rates.

  • Mar 2021 $719.10
  • Sep 2020 $711.80
  • Mar 2020 $711.80
  • Sep 2019 $703.50
  • Mar 2019 $698.10
  • Sep 2018 $690.70
  • Mar 2018 $684.10
  • Sep 2017 $674.20
  • Mar 2017 $669.60
  • Sep 2016 $661.20
  • Mar 2016 $658.70

Single Person Total Fortnightly Pension rates

  • Mar 2021 $952.70
  • Sep 2020 $944.30
  • Mar 2020 $944.30
  • Sep 2019 $933.40
  • Mar 2019 $926.20
  • Sep 2018 $916.30
  • Mar 2018 $907.60
  • Sep 2017 $894.40
  • Mar 2017 $888.30
  • Sep 2016 $877.10
  • Mar 2016 $873.90

 



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