According to Government authorities, the Age Pension and a number of other qualifying payments will be undergoing a $250 increase from July 2025. This is expected to take place in the regular indexation process with targeted cost-of-living support towards easing something off financially for older Australians and low-income households.
Who Will Benefit From the Pension Increase
The $250 pension increase will be applied to persons who are on the Age Pension, persons on the Disability Support Pension, people on the Carer Payment, and some feeling of veterans’ pens. This increase is not a one-off bonus. It is a permanent increase in fortnightly payments. An eligible recipient must currently, as at the July assessment period, satisfy Centrelink’s residency criteria and Centrelink’s income criteria. Either couples or singles will receive an adjustment proportional to the base rates.
When the Increase Will Take Effect
The increased payment will start being paid after the July-1 anniversary of pension assessments. Centrelink expects most payments from 1st-2nd week of July of this year. Services Australia advises beneficiaries to check the MyGov portal to confirm exact payment dates.
New Rules Introduced Alongside the Increase
Alongside the pension increase, some thresholds and eligibility criteria are being changed, including higher income and asset tests for part-pensioners, and changes to deeming rates which will impact the assessment of financial assets. The aim is to allow more Australians to benefit from the increased payments without being penalised for modest savings or investments.
What Pensioners Should Do Next
No separate application is required to apply for the increase; however, pensioners are encouraged to examine their Centrelink details and ensure their income and asset information are up to date. This includes keeping bank details and contact information current f