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Showing posts from March, 2016

Age Pension Increases - March 2016

Every 6 months (March and September) the Age Pension is automatically adjusted in accordance with indexation. Of course the ‘age old’ question is which indexation factor is the one that should be applied. The ‘standard’ CPI or the CPI that best reflects pensioner costs? From 20 March 2016 the following Age Pension rates will apply Maximum pension payment rates Previous Current Increase Single Base $788.40 $794.80 $6.40 Supplement (1) $64.50 $65.00 $0.50 Energy Supp.(2) $14.10 $14.10 nill Total $867.00 $873.90 $6.90 Couple (each) Base $594.30 $599.10 $4.80 Supplement (1) $48.60 $49.00 $0.40 Energy Supp. (2) $10.60 $10.60 nill Total $653.50 $658.70 $5.20 So an age pensioner,