Centrelink Age Pension 2025 : How much Age Pension you can get

If you’re approaching retirement age in Australia, understanding how much Age Pension you may be eligible for is essential for planning your financial future. The Centrelink Age Pension is a vital source of income for many Australian seniors, providing essential financial support in retirement. In this blog, we’ll discuss the Centrelink Age Pension for 2025, how much you can get, and the eligibility criteria according to the official Centrelink website.

What is the Centrelink Age Pension?

The Centrelink Age Pension is a government payment designed to support older Australians who are no longer working or earning an income. This payment helps eligible individuals meet their living expenses during retirement. The Age Pension is provided by Centrelink, and it is funded by the Australian Government to ensure seniors have enough income to maintain a decent standard of living.

How Much Age Pension Can You Get in 2025?

The amount of Age Pension you can receive depends on several factors, including your age, income, and assets. According to the official Centrelink website, the Age Pension payment rates for 2025 are as follows:

1. Age Pension Payment Rates

The Age Pension is paid as a fortnightly payment, and the amount varies depending on whether you’re single or part of a couple. The rates for 2025, based on the most recent updates from Centrelink, are:

• Single (Living Alone):
  • Basic Rate: $1,002.70 per fortnight
  • Energy Supplement: $14.10 per fortnight
  • Total: $1,016.80 per fortnight
• Single (Shared Accommodation):
  • Basic Rate: $1,002.70 per fortnight
  • Energy Supplement: $14.10 per fortnight
  • Total: $1,016.80 per fortnight
• Couple (Both Living Together):
  • Basic Rate: $1,503.90 per fortnight
  • Energy Supplement: $21.10 per fortnight (for each member of the couple)
  • Total for Couple: $1,526.10 per fortnight

The Age Pension payment rates are subject to change each year, and the Australian Government may adjust them for inflation and other economic factors. To ensure you have the most up-to-date information, always check the official Centrelink website or speak with a Centrelink representative.

2. Additional Payments and Supplements

In addition to the basic Age Pension rate, there are also additional payments and supplements that may be available to you:

• Energy Supplement: This is an extra payment to assist with the costs of energy. The amount is $14.10 per fortnight for singles and $21.10 per fortnight for couples (as of 2025).
• Rent Assistance: If you’re renting, you may be eligible for additional rent assistance. The amount you can receive depends on your rental costs and the area in which you live.
• Pensioner Concession Card: As an Age Pensioner, you are also eligible for a Pensioner Concession Card, which offers discounts on healthcare, public transport, and utilities.

Eligibility for Centrelink Age Pension in 2025

To qualify for the Age Pension in 2025, you must meet specific eligibility criteria set by Centrelink. These criteria include:

1. Age Requirements

• In 2025, the Age Pension eligibility age is 66 years. This means you must be at least 66 years old to apply. However, the eligibility age is gradually increasing, and it will reach 67 years by 2027, so keep this in mind if you’re approaching retirement age in the coming years.

2. Residency Requirements

• You must be an Australian citizen or permanent resident. You also need to have lived in Australia for at least 10 years. There are some exceptions to the residency requirement, so it’s essential to check the details if you have lived overseas.

3. Income and Asset Tests

Centrelink uses income and asset tests to determine how much Age Pension you can receive. These tests assess your total income and assets, including savings, investments, superannuation, and property (other than your primary home). The higher your income and assets, the less likely you are to receive the full Age Pension.

• Income Test: The income test considers all sources of income, including salary, superannuation payments, investments, and rental income. If your income exceeds the limit set by Centrelink, your Age Pension will be reduced.
• Asset Test: The asset test assesses the total value of your assets, such as savings, property (except your primary residence), and investments. If the value of your assets exceeds Centrelink’s threshold, you may not be eligible for the Age Pension or your payment may be reduced.

In 2025, the assets test limits are:

• Single homeowners: Assets worth $270,500 or more may disqualify you from receiving the full Age Pension.
• Couple homeowners: Assets worth $405,000 or more may disqualify you from receiving the full Age Pension.

For those who rent, the thresholds are higher.

These limits are subject to change, so always check the official Centrelink website for the latest updates.

How to Apply for the Centrelink Age Pension in 2025

If you meet the eligibility requirements for the Age Pension, you can apply through your myGov account. Here’s how:

1. Create or Log In to Your myGov Account: You will need a myGov account linked to your Centrelink profile.
2. Gather Required Documents: Prepare your identification, income, asset, and residency information.
3. Submit Your Application: Complete and submit your Age Pension application online through your myGov account.
4. Wait for Processing: Centrelink will assess your eligibility, and if approved, you’ll begin receiving payments.

Conclusion

The Centrelink Age Pension is an important financial support option for eligible Australians in 2025, providing a vital income stream for seniors who are no longer working. The amount you can receive depends on your specific circumstances, such as your income, assets, and whether you’re single or part of a couple.

Be sure to stay updated on the Age Pension payment rates and eligibility criteria through the official Centrelink website. If you’re unsure about your eligibility or need assistance with your application, Centrelink customer service can provide guidance.

Start preparing early and ensure you’re receiving the financial support you’re entitled to when you reach retirement age.

Disclaimer: The information provided in this blog is based on official Centrelink guidelines for 2025. Always refer to the official Centrelink website for the latest information and updates.