Australians relying on the Age Pension can now view the updated Centrelink payment rates for 2025. Effective from March 20, 2025, the new rates reflect adjustments for inflation and wage growth, offering increased support to seniors managing rising living costs.
Whether you’re already receiving payments or planning to apply, it’s vital to know how much you’re entitled to and when to expect it.
What Is the Age Pension and Who Qualifies?
The Age Pension is a government-funded financial support program provided through Centrelink for eligible senior citizens.
As of July 1, 2023, the qualifying age is 67 years. Applicants must meet residency, income, and assets tests to determine full or part payment eligibility.
2025 Centrelink Age Pension Rates Breakdown
The following table shows the updated fortnightly payment amounts for eligible Australians:
| Category | Base Rate | Pension Supplement | Energy Supplement | Total Payment |
|---|---|---|---|---|
| Single Pensioner | $1,020.60 | $81.60 | $14.10 | $1,116.30 |
| Couple (Each Person) | $769.30 | $61.40 | $10.60 | $841.40 |
| Couple (Combined) | — | — | — | $1,682.80 |
These figures are for full-rate pensioners. If your assets or income exceed the thresholds, your payments may be reduced accordingly.
Age Pension Payment Dates – 2025 Schedule
Centrelink deposits Age Pension payments every fortnight. Below is a list of upcoming expected payment dates:
| Month | Payment Dates |
|---|---|
| March 2025 | March 5, March 19 |
| April 2025 | April 2, April 16, April 30 |
| May 2025 | May 14, May 28 |
| June 2025 | June 11, June 25 |
| July 2025 | July 9, July 23 |
| August 2025 | August 6, August 20 |
Note: Payments may be made early if they fall on a public holiday.
Eligibility Criteria for the Age Pension
To qualify, you must meet the following:
1. Age
- You must be 67 years or older.
2. Residency
- Must have lived in Australia for at least 10 years, with 5 consecutive years of residence.
3. Income Test
| Category | Income Threshold | Reduction Rule |
|---|---|---|
| Single | $204/fortnight | 50¢ reduced per $1 above limit |
| Couple | $360/fortnight | 50¢ reduced per $1 above combined limit |
4. Assets Test
| Category | Homeowner Limit | Non-Homeowner Limit |
|---|---|---|
| Single | $301,750 | $543,750 |
| Couple (Both) | $451,500 | $693,500 |
Payments are reduced by $3 per fortnight for every $1,000 above the limit.
How to Apply for Centrelink Age Pension
Applying is easy through myGov:
- Check Eligibility – Use the official tool.
- Create a myGov Account – Link to Centrelink.
- Gather Documents – Birth certificate, income, bank statements, property details.
- Submit Application – Online or in-person.
- Track Status – Follow progress on myGov.
Tips to Maximise Your Pension
- Gifting rules: Up to $10,000/year or $30,000 over five years without penalty.
- Defer retirement: Increasing super may boost pension entitlement.
- Utilise the home: Renovate or downsize—your home is asset-test exempt.
- Concessions: Pensioner Concession Card for savings on utilities, medicines, and travel.
Why the Age Pension Is Critical in 2025
With 2.6 million Australians relying on the Age Pension (as of 2024), it remains a vital lifeline for retirees, especially amid increasing housing, healthcare, and energy costs.
The 2025 update is aimed at helping seniors maintain independence and financial stability.
The Centrelink Age Pension plays a vital role in supporting senior Australians. With the 2025 rates and payment dates now official, it’s more important than ever to understand your entitlements, track your eligibility, and apply correctly.
These updates ensure that older Australians are better equipped to handle the rising cost of living with dignity and security.
FAQs
What is the current Age Pension rate for singles in 2025?
The total fortnightly payment for a single pensioner is $1,116.30.
At what age can I apply for the Age Pension?
You can apply once you turn 67 years old.
How often are Age Pension payments made?
Payments are made fortnightly, typically on Tuesdays or Thursdays.