Age Pension payments to increase from March 20
The Government has announced that pension payments for more than 3.6 million Australians are set to rise from the March 20, as part of a twice-yearly indexation process.
A single person who is eligible for the full Age Pension can now expect to receive around $23,096 a year, while a couple can expect $34,819 in yearly entitlements.
For a detailed breakdown of the indexation, view the table below:
Source: Your Life Choices
Age Pension rates are indexed twice-yearly to keep payments in line with inflation. The next adjustment to the rates will take effect from the 20 September 2017.
Is your pension going up?
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