Australia Confirms $987.70 Pension Payment; If you’re currently receiving or planning to apply for a pension in Australia, March 2025 brings important updates that could directly impact your household budget. The federal government has officially confirmed a fortnightly pension payment of $987.70, along with a Pension Supplement of $28.30, for a total of $1,016.00 every two weeks. This timely financial assistance is a lifeline for millions of Australians, especially retirees, caregivers, and low-income families grappling with persistent inflation and the rising cost of living.
This guide breaks down everything you need to know about the new pension rates, who qualifies, how to apply, and what other support options are available. We’ll walk you through each detail—whether you’re nearing retirement, already receiving payments, or supporting young children as a carer. By understanding these updates, you can make informed decisions and ensure you receive the full benefit you’re entitled to.
Australia Confirms $987.70 Pension Payment
| Feature | Details |
|---|---|
| Base Pension Payment | $987.70 per fortnight (as of March 2025) |
| Pension Supplement | $28.30 per fortnight |
| Total Fortnightly Payment | $1,016.00 |
| Eligibility Age for Age Pension | 67 years or older |
| Residency Requirement | Must be an Australian resident and physically present in Australia |
| Income and Assets Tests | Apply to all applicants; affect payment rate |
| Application Channels | myGov online, in-person at Centrelink, or via phone |
| Official Resource | Services Australia – Age Pension |
With the confirmed $987.70 Age Pension and $28.30 supplement, Australians receiving Centrelink support can breathe a little easier in 2025. Whether you’re entering retirement or raising young children, these financial updates can bring real relief.
Take the time to check your eligibility, get your documents ready, and lodge your application with confidence. These payments could help you cover essentials, maintain your independence, and enjoy greater financial peace of mind.
The 2025 Age Pension Rate Increase: What It Means for You
The base Age Pension payment of $987.70 per fortnight reflects Australia’s strong commitment to supporting seniors and vulnerable individuals. This payment is reviewed and increased twice a year (in March and September) based on national wage growth and inflation, ensuring it stays relevant in the face of economic changes.
The $28.30 Pension Supplement, added on top, is meant to help with everyday essentials—particularly for those managing high utility bills, healthcare expenses, or communication needs.
With the combined amount now reaching $1,016.00 per fortnight, pensioners can expect a modest but meaningful improvement to their financial flexibility.
“These increases ensure our most vulnerable citizens are not left behind during periods of economic uncertainty,” said a Services Australia policy officer.
Comprehensive Eligibility Criteria
To qualify for these payments, applicants must meet three core criteria: age, residency, and financial situation.
1. Age Requirement
The Age Pension is available to individuals who are 67 years or older. This became the uniform eligibility age starting from July 2023 and applies to all new applications.
2. Residency Status
Applicants must:
- Be a permanent Australian resident or citizen
- Have lived in Australia for at least 10 years total, including 5 continuous years
- Be physically present in Australia when they submit their claim
3. Income and Assets Tests
Services Australia conducts detailed checks to determine your eligibility based on:
- Wages or self-employment income
- Superannuation account balances
- Rental property or investments
- Cash savings or bank accounts
What Is the Pension Supplement For?
The Pension Supplement is designed to assist with recurring costs that disproportionately affect older Australians. It includes:
- Utilities Allowance – electricity, water, and heating bills
- Pharmaceutical Allowance – medications not fully covered by the PBS
- Telephone and Internet Allowance – especially relevant for seniors needing digital access
For singles, the supplement totals $28.30 per fortnight, while couples receive a proportionate amount. Depending on where you live and your household status, you may also qualify for Rent Assistance or Energy Supplement benefits.
Parenting Payment: What If You’re Caring for Children?
Support isn’t limited to retirees. The Parenting Payment offers equivalent fortnightly payments for parents and guardians of young children.
Who Is Eligible?
- Single parents: must have at least one child under 8 years old
- Partnered parents: must have at least one child under 6 years old
- Must be the child’s primary carer and meet income and assets limits
- Must satisfy residency rules similar to the Age Pension
This allows parents, particularly mothers, to stay home and care for young children without being financially penalised.
Payment Timelines and Access
Pension and Parenting Payments are processed every two weeks, typically through direct deposit into your nominated bank account.
Australia Confirms $987.70 Pension Payment Set Up Direct Access
To ensure quick processing:
- Log in to your myGov account
- Link your Centrelink profile
- Check your payment schedule, upload documents, and change bank details when needed
When Will You Be Paid?
Exact dates vary depending on your enrolment date. Check your personal schedule via the Centrelink Express Plus mobile app or your online account.
Australia Confirms $987.70 Pension Payment Apply
Applying is easier than ever, provided you have your paperwork ready.
- Get Your Documents Together:
- Driver’s license, passport, or Medicare card
- Proof of residence, rental agreement, or mortgage
- Bank statements (last 3 months)
- Superannuation statements
- Proof of income (wage slips, dividend notices, etc.)
- Lodge Your Application: You can,
- Apply online via myGov
- Call the Older Australians Line: 132 300
- Visit a Centrelink service centre for in-person help
- Await Assessment: Most applications are processed in 2–6 weeks. You’ll receive updates through your myGov inbox. Be sure to respond quickly if Services Australia requests further information.
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Additional Financial Support Opportunities
Beyond the base pension, many applicants qualify for extra payments and concessions. These include:
Rent Assistance
For pensioners who rent privately. Payments increase based on rental costs and household size.
Carer Payment and Allowance
If you’re caring for a loved one with disability, illness, or frailty, you may be eligible for:
- Carer Payment (income support for full-time carers)
- Carer Allowance (a supplementary payment for partial carers)
Concession Cards
- Health Care Card: cheaper medicine and doctor visits
- Pensioner Concession Card: discounts on transport, utility bills, and more
State-Specific Rebates
Some states offer rebates on:
- Council rates
- Water and electricity
- Public transportation
Speak to a Centrelink Financial Information Service (FIS) officer or explore Moneysmart.gov.au for tailored guidance.
FAQs On Australia Confirms $987.70 Pension Payment
Can pension rates change again this year?
Yes. Rates are adjusted every March and September, depending on CPI and wage trends.
Can I get both Age Pension and Parenting Payment?
No. You may only receive one primary income support payment at a time. However, you may qualify for supplementary benefits.
Can I keep receiving payments while overseas?
In most cases, yes—but the amount and duration may change. Long absences may reduce your benefit. Visit the international payment page for details.
How does my superannuation impact eligibility?
Super balances and withdrawals are assessed as income and assets, which may reduce your pension payment.
Are couples paid the same as singles?
Couples receive a combined rate, which is generally less per individual. Special rules apply if living apart due to illness.
