The latest rumors are that, on September 20, 2024, Service Australia will provide a 2.6% hike in the Australia Age Pension. This scheme covers those of older age and is bound by a list of criteria for eligibility.
Your income, too, must be bound by the conditions that Service Australia sets forth, and you need to be at least sixty-six years of age to make it through this. At present, this scheme does not list any official statistics.
If you are 65 years and above, you will be qualified for the future higher age pension.
You have to be an Australian citizen to be eligible for the benefits of these schemes. However, if you are not the person who is resident in the country, the department determines that the person must be here for a minimum of ten years.
You must be a member of the low-income citizen group, which means that your income is subject to restrictions set by the government. These assessments consider your income and assets.
Aussies receive the Age Pension every two weeks. Key components of the Australia Age Pension Payment Dates 2024 include:
Your state and pension schedule determine your fortnightly payout day. Public holiday payments are usually made the business day before.
Check your Centrelink online account, the Express Plus Centrelink mobile app, or the Services Australia website to see your payment dates.
Starting September 20, 2024, the Australian Age Pension will rise 2.6% year. The maximum single fortnightly rate will rise by $28.10 to $1,144.40. Couples will pay $1,725.20 monthly, up $42.40.