As the cost of living continues to rise, the Australian government is stepping in with a much-needed Age Pension boost in 2025. Eligible older Australians could receive up to $1,682.80 per fortnight, depending on their marital and living circumstances.
This payment includes the base pension, pension supplement, and energy supplement, all adjusted for inflation and economic conditions.
This increase ensures financial stability for retirees and others on long-term income support.
Who Is Eligible for the 2025 Age Pension?
To receive the $1,682.80 Age Pension in 2025, individuals must meet strict eligibility criteria:
- Age Requirement: Must be 67 years old or older.
- Residency Requirement: Must have lived in Australia for 10 years, including at least 5 continuous years.
- Income and Assets Test: Total income and the value of owned assets must fall under allowable thresholds.
Eligibility
| Criteria | Requirement |
|---|---|
| Age | 67 or older |
| Residency | 10 years (with at least 5 continuous) |
| Income (Single) | Below $2,510 per fortnight |
| Assets (Homeowner) | Below $314,000 (single) / $470,000 (couple) |
| Assets (Non-Homeowner) | Below $566,000 (single) / $722,000 (couple) |
If your income or assets exceed these limits, your pension may be reduced or declined.
Age Pension Payment Breakdown (2025)
The pension consists of three key components:
- Base Pension Rate
- Pension Supplement
- Energy Supplement
Here’s how the 2025 pension amounts look:
| Recipient Type | Base Rate | Pension Supplement | Energy Supplement | Total Fortnightly |
|---|---|---|---|---|
| Single | $1,051.30 | $83.60 | $14.10 | $1,149.00 |
| Couple (each) | $792.50 | $63.00 | $10.60 | $866.10 |
| Couple (combined) | $1,585.00 | $126.00 | $21.20 | $1,732.20 |
| Separated due to illness (each) | $1,051.30 | $83.60 | $14.10 | $1,149.00 |
The amount $1,682.80 may apply to specific cases such as transitional payments or adjusted amounts based on varying financial circumstances.
How to Apply for the Age Pension
Eligible individuals can apply online through myGov, or by visiting a Centrelink service centre. Here’s how to do it:
- Create or log into myGov account and link it to Centrelink.
- Submit an Age Pension claim, providing accurate details on income, assets, and residency.
- Provide supporting documents, such as proof of birth, income statements, superannuation reports, and rental agreements if applicable.
- Wait for assessment, which usually takes between 2 to 6 weeks.
Once approved, your payments will be deposited fortnightly into your nominated bank account.
Payment Dates and Schedule
The Age Pension is paid fortnightly, with scheduled disbursements continuing throughout the year. Payment dates may shift slightly depending on public holidays or bank processing timelines.
For Australians living overseas, payments are made every four weeks, and pension rates may be adjusted based on the length of absence from the country.
The $1,682.80 Age Pension in 2025 is a key component of Australia’s social safety net, offering financial assistance to eligible seniors. With structured increases, flexible work incentives, and automatic payments, the system is designed to ensure dignity and financial independence in retirement.
If you meet the criteria, take the time to apply, update your information, and enjoy the peace of mind that comes with a stable income during your later years.
FAQs
Can I still work and receive the Age Pension?
Yes. You can work and still receive Age Pension under the Work Bonus Scheme, which allows certain income exemptions from part-time work.
What happens if my assets increase after approval?
If your assets increase significantly, it may reduce your pension payment. Centrelink should be notified of all changes.
Will the pension amount change again in 2025?
Yes. Pension rates are reviewed twice a year, in March and September, to keep up with inflation and wage growth.