Pension Indexation

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Centrelink/DVA pensions are due to index again
on the 20th of March. This will see an increase
to the age pension of $15.70 per fortnight for a
single pensioner and $23.80 per fortnight for each
member of a couple. The indexation will also push
up the cut-off threshold for both the assets and
income tests. If you have previously just missed out
on qualifying for a pension, the latest indexation
may mean you now qualify for a partial payment – a
Centrelink application would need to be submitted.
The lower thresholds do not index until the 1st of
Centrelink allowance payments will also increase.
For example, the payment for a single person
without children will increase by $9.70 a fortnight
to a maximum payment of $519.20 per fortnight.


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