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Sep 14 2017

$3.05 per week Increase in Australian Aged Pension from Sept 2017

The Australian Aged Pension Increase on 20th September 2017

The Australian Aged Pension is revised in March and September each year, and the September 2017 new Pension Rates have been released. This pension is paid Fortnightly.

Singles on the Aged pension will receive an extra $3.05 per week, while a married person will get an extra $2.30 per week.

The new, fortnightly, rates from 20th September 2017 are:

Single Person Aged Pension September 2017

$814.00 Single Base pension
$  66.30 Pension Supplement
$  14.10 Energy Supplement
$894.40 Total Pension

Married Person Aged Pension September 2017

$613.60 Married Base Pension
$  50.00 Pension Supplement
$  10.60 Energy Supplement
$674.20 Total Pension

Pension Rates are reduced where the recipient receives other income.

A single person would lose 50 cents for each dollar over $168 of other income per fortnight.
A member of a couple would lose 50 cents for each dollar over $300 of other income per fortnight.

Age Eligibility for Aged Pension

Birthday Between: 1 July 1952 to 31 December 1953, Eligible at 65 years and 6 months
Birthday Between: 1 January 1954 to 30 June 1955, Eligible at 66 years
Birthday Between: 1 July 1955 to 31 December 1956, Eligible at 66 years and 6 months
Birthday After: 1 January 1957, Eligible at 67 years

Previous Total Aged Pension Rates

Married Person Total Fortnightly Pension rates

Sep 2017 $674.20 This is an increase of $13.00 since September 2016, equal to 1.97% annual rise
Mar 2017 $669.60
Sep 2016 $661.20
Mar 2016 $658.70

Single Person Total Fortnightly Pension rates

Sep 2017 $894.40 This is an increase of $17.30 since September 2016, equal to 1.97% annual rise
Mar 2017 $888.30
Sep 2016 $877.10
Mar 2016 $873.90

Sources: www.humanservices.gov.au/../age-pension

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