Centrelink Aged Pension Just Went Up: If you’re on the Centrelink Age Pension or planning to apply soon, there’s good news — the Age Pension just went up as of March 20, 2025. With the rising cost of living across Australia, every extra dollar matters. Whether you’re already retired or getting close to it, understanding these updated payment rates, income and asset limits, and key dates is crucial for smart financial planning. The Age Pension is the backbone of retirement income for over 2.5 million Australians. This twice-a-year adjustment ensures payments keep up with inflation and cost-of-living changes. So let’s dive into what’s changed, what you’re entitled to, and how you can get the most out of your retirement income.
Centrelink Aged Pension Just Went Up
The 2025 Centrelink Age Pension increase is more than just numbers on a page — it’s a financial lifeline for seniors across Australia. Whether you’re already retired or planning ahead, understanding your eligibility, entitlements, and how to maximize your pension can go a long way in ensuring a more comfortable retirement. With smart planning, official resources, and a clear understanding of the rules, you can make the most of your golden years. Don’t forget to revisit your situation each year and reach out for help if needed — Services Australia and other free support networks are there to help you succeed.
| Feature | Details (Effective 20 March 2025) |
|---|---|
| Single Full Pension | $1,149.00 per fortnight (approx. $29,874/year) |
| Couple (each) | $866.10 per fortnight (approx. $22,519/year) |
| Income Limit (Full Pension) | $212/fortnight for singles; $372/fortnight combined for couples |
| Income Limit (Part Pension) | Up to $2,510 for singles; $3,836.40 for couples combined |
| Asset Threshold (Full Pension) | $314,000 (single homeowner); $470,000 (couple homeowners) |
| Next Adjustment Date | September 20, 2025 |
| Payment Calendar | Fortnightly in Australia; 4-weekly if overseas |
| Official Resource | Services Australia – Age Pension |
What Is the Age Pension?
The Age Pension is a government-provided income that helps Australians live comfortably in retirement. To qualify, you must be:
- 67 years or older
- An Australian resident for at least 10 years (with at least 5 consecutive years)
- Within the income and asset limits
The payment includes:
- A base pension
- A pension supplement (to cover everyday bills)
- An energy supplement (for utility support)
What’s Changed in 2025?
Updated Pension Payment Rates (From 20 March 2025)
- Single pensioners: $1,149.00 per fortnight
- Couples (each): $866.10 per fortnight
- Couples combined: $1,732.20 per fortnight
- Couples separated due to illness (each): $1,149.00 per fortnight
These rates include the Pension Supplement and Energy Supplement.
This increase represents a $36 fortnightly boost for singles and $22 each for couples, adding up to nearly $1,000 a year for some pensioners.
Income Test Explained
To get the full pension, your income must be below these thresholds:
| Status | Income Limit (Fortnightly) | Approx. Annual Income |
|---|---|---|
| Single (full pension) | Up to $212 | $5,512 |
| Couple (combined) | Up to $372 | $9,672 |
| Single (part pension) | Up to $2,510 | $65,260 |
| Couple (combined) | Up to $3,836.40 | $99,746 |
Work Bonus: You can earn up to $300 per fortnight from employment without it impacting your pension. This is great for seniors who want to stay active in the workforce part-time.
Asset Test Explained
Assets include things like:
- Investment properties
- Cars, caravans
- Bank savings
- Shares or business interests
Your family home is exempt.
| Status | Full Pension Threshold | Part Pension Cut-Off |
|---|---|---|
| Single Homeowner | $314,000 | $697,000 |
| Single Non-Homeowner | $566,000 | $949,000 |
| Couple Homeowners | $470,000 | $1,047,500 |
| Couple Non-Homeowners | $722,000 | $1,299,500 |
2025 Payment Calendar
Payments are made every two weeks, typically on Thursdays or Fridays.
If you’re living overseas long-term (more than 6 weeks), Centrelink switches to monthly payments.
To track your payment schedule:
- Log into MyGov
- Click on your Centrelink account
- Set alerts for payment dates
Real-Life Examples
Helen, 73, living alone in a small Melbourne flat, receives the full single pension. Thanks to the 2025 increase, she now gets $1,149 per fortnight—an extra $936 a year.
Tom and Jenny, 70 and 68, live in regional QLD, rent their home, and receive the combined couple rate of $1,732.20 a fortnight. This boost gives them a bit more wiggle room to cover their rising grocery and fuel costs.
Historical Trends
Over the past 10 years, the Age Pension has increased by roughly 25%, adjusting with inflation and wage growth.
Here’s a quick look back:
- 2015: $867 (single), $654 (each in a couple)
- 2020: $944 (single), $711 (each)
- 2025: $1,149 (single), $866.10 (each)
State-Based Extras and Discounts
Besides the federal pension, many state and territory governments offer concessions, including:
- NSW Seniors Card: Discounts on transport, utilities, and shopping
- QLD Electricity Rebate: Up to $372/year
- VIC Utility Relief Grants: For low-income households
Tips to Maximize Centrelink Aged Pension Just Went Up
- Use the Work Bonus if you’re still working part-time.
- Downsize smartly – selling your home could impact your pension unless funds are used within the 2-year exemption period.
- Keep Centrelink updated on any changes to your income, rent, or relationship status.
- Consult a Financial Information Service (FIS) Officer for free support.
Common Mistakes to Avoid
- Not reporting changes in assets or income
- Assuming you’ll automatically receive the pension at age 67
- Not applying early — you can apply 13 weeks before turning 67
- Forgetting to update relationship or residency status
Centrelink’s New 2025 Energy Supplement: Are You Secretly Eligible Without Knowing It?
Frequently Asked Questions (FAQs)
When will the next increase happen?
September 20, 2025.
Do I pay tax on the pension?
Not usually, unless you have other taxable income.
What happens if I travel overseas?
If you’re out of Australia for more than 6 weeks, your pension may be adjusted.
Can I get the pension if I own property?
Yes, but only your primary residence is exempt. Other assets count toward the test.
How soon should I apply?
Up to 13 weeks before turning 67 to avoid delays.
