In March 2025, Centrelink pension recipients will benefit from an increase in their pension payments, bringing relief for those affected by the rising cost of living.
This adjustment affects individuals receiving the Age Pension, Disability Support Pension, and Carer Payment.
Starting from 20 March 2025, these recipients will receive higher payments. This guide provides an overview of who qualifies, how much pensioners will receive, and when they can expect their increased payments.
Key Details of the $1,144.40 Centrelink Pension Increase
| Key Information | Details |
|---|---|
| New Pension Rate (Singles) | $1,144.40 per fortnight ($29,754 annually) |
| New Pension Rate (Couples, Combined) | $1,725.20 per fortnight ($44,855 annually) |
| Increase Effective From | 20 March 2025 |
| Eligibility | Age Pension, Disability Support Pension, Carer Payment recipients |
| Official Source | Services Australia |
From 20 March 2025, single pensioners will receive $1,144.40 per fortnight, while couples will receive $1,725.20 combined. These increases will help pensioners manage the rising living costs, with payments being automatically deposited into eligible accounts.
Why is the Pension Increasing in March 2025?
The pension increase occurs twice a year, in March and September, to help pensioners cope with inflation and maintain their purchasing power. The Australian government bases these adjustments on several factors:
- Consumer Price Index (CPI): A measurement of the cost of goods and services.
- Pensioner and Beneficiary Living Cost Index (PBLCI): A specialized index that tracks the cost of living for pensioners.
- Wage Growth: Ensures that pension payments grow in line with average wage increases.
With inflation continuing to rise, the government has made this adjustment to ensure that pensioners are supported financially.
Eligibility for the Centrelink Pension Increase
The Centrelink pension increase applies to those receiving the following payments:
- Age Pension
- Disability Support Pension
- Carer Payment
Age Pension Eligibility
To qualify for the Age Pension, applicants must meet the following requirements:
- Age: You must be 67 years old or older by March 2025.
- Residency: You must have lived in Australia for at least 10 years, with at least 5 years of continuous residency.
- Income & Asset Test: Your earnings and assets must fall below a certain threshold to qualify for either full or partial pension payments.
For more information on Age Pension eligibility, you can visit the official page on Services Australia’s website.
How Much Will You Receive After the Increase?
Starting 20 March 2025, pensioners will receive the following amounts:
- Single Pensioners:
- $1,144.40 per fortnight (up from $1,096.70)
- $29,754 annually
- Couple Pensioners (Combined):
- $1,725.20 per fortnight (up from $1,653.40)
- $44,855 annually
These amounts include the base pension, pension supplement, and energy supplement.
When Will the New Payments Be Made?
The updated pension rates will begin on 20 March 2025. For those who are eligible, the increased amount will automatically appear in their bank account on their regular payment date.
If your payments are made via Centrelink’s direct deposit, you will see the new rate in your first payment after 20 March 2025.
It’s important to note that fortnightly payments remain unchanged, with the only adjustment being an increase in the payment amount.
How to Apply for the Age Pension
If you are not currently receiving the Age Pension but think you may be eligible, follow these steps to apply:
- Check Your Eligibility: Use the Age Pension calculator available on the Services Australia website to confirm if you qualify.
- Prepare Your Documents:
- Proof of age (e.g., birth certificate or passport)
- Proof of residency (e.g., visa or citizenship certificate)
- Information about your income and assets
- Apply Online or In-Person:
- Online: Log in to myGov and submit your application.
- In-Person: Visit your nearest Centrelink office.
- Wait for Approval: The application process usually takes several weeks, and you will receive a letter from Centrelink once your application has been processed.
The Centrelink pension increase in March 2025 is a welcome change for Australian pensioners, providing much-needed financial relief in the face of rising living costs.
With new rates effective from 20 March 2025, pensioners, including those on Age Pension, Disability Support Pension, and Carer Payment, will see an increase in their fortnightly payments.
For those who haven’t yet applied for the Age Pension, now is the time to check eligibility and ensure that you don’t miss out on the increase.
The government’s decision to raise pension payments twice a year reflects its commitment to helping Australians maintain their standard of living, especially in challenging economic times.
FAQs
When will the new pension rates start?
The new pension rates will take effect from 20 March 2025.
Who qualifies for the pension increase?
You must be receiving the Age Pension, Disability Support Pension, or Carer Payment to qualify.
How much will the pension increase by?
Single pensioners will receive $1,144.40 per fortnight, while couples will receive $1,725.20 combined.
How do I apply for the Age Pension?
You can apply through the Services Australia website or visit a Centrelink office.
We already get that amount you are sprucing we got that last increase.