The Age Pension is set to receive a slight increase on March 20, 2025, due to rises in the Consumer Price Index (CPI) and the Pensioners and Beneficiaries Living Cost Index (PBLCI). Singles can expect an additional $4.52 per fortnight, while couples combined will see an increase of $6.82 per fortnight.
Last September’s increase of $26.54 per fortnight for singles ($41.17 for couples) was based upon increases from December 2023 to June 2024 when inflation was running higher at 3.8% per annum. What goes up will almost inevitably come down at some stage, and the annual rate of inflation has now eased to 2.4% for the 12-month period Jan-Dec 2024.
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Source: retirementessentials.com.au
