An increment in the amount of the pension which is allotted by the Australian government to all the Australian pensioners is announced by the authority for the year of 2024. As per the latest news by the authority the pension amount of $2300 Australia Age Pension Increase September 2024 for all the beneficiary Australians. As per the Australian government the age in which men and women can start getting the benefit of age pension is 67 years. No increment in the age of the pensioner has been announced by the authority till now. As per the recent data approximately 39% of Australian individuals are getting the full amount of the benefit of Age pension and 24% Australian s are receiving the half amount of the age pension benefit. all Australians are required to match all the eligibility requirements decided by the authority to be eligible to get the payment of this AGe pension benefit. The eligibility for this age pension plan will be determined by the authority on the basis of age of the applicant, income of the beneficiary, assets test and residency rules of Australia.
$2300 Australia Age Pension Increase September 2024
The Australian government has announced an increment in the beneficiary amount of Age pension for all the eligible Australians who are getting the benefit of this pension scheme. to all those seniors who provide their services and hard work during their working period the government will provide financial support. The living cost in Australia is higher which affects the living cost of the individuals. The individual can use the beneficiary amount of this Age pension to improve their living standards and to bear their daily expenses and medications bills. The authority has decided the eligible age to get the full payment of this age pension is 67 years but if you are individuals who are above the age of 66 years you are eligible to get the payment of at least half amount of Age pension in Australia. $19.60 per fortnight increment in the full age pension amount has been announced by the authority for single individuals and $14.70 per person for night for couple increment in the Age pension amount has been announced by the authority from 20/03/2024. No official news regarding the implement of the increment has been announced by the authority till now but in the month of September, 2024 the increment in the amount is expected to be implemented.
| Name of the Benefit | $2300 Australia Age Pension Increase 2024 |
| Year | 2024 |
| Country | Australia |
| Beneficiary Amount | $2300 |
| Age limit Criteria | 67 years |
| Increment for single person | $19.60 per fortnight |
| Increment for Couple | $14.70 per person fortnight |
| Residential Status | Australian |
| Increment announced | from 20/03/2024 |
| Category | Finance |
| Official Website | servicesaustralia.gov.au |
Australia Age Pension Eligibility 2024
To be eligible to get the payment of this Age pension benefit all Australians are required to match all the eligibility requirements decided by the authority. The eligibility for this age pension plan will be determined by the authority on the basis of age of the applicant, income of the beneficiary, assets test and residency rules of Australia.
- Age limit Criteria for the applicant
- The authority has decided the eligible age to get the full payment of this age pension is 67 years but if you are individuals who are above the age of 66 years you are eligible to get the payment of at least half the amount of Age pension in Australia.
- Rules of Australian Residency Rules
To be qualified candidates to get the benefit of this $2300 Australia Age Pension you must be an Australian Resident. If below mentioned details are fulfilled by the individual he authority will consider you as eligible resident of Australia.
- Individual needs to be permanent citizen of AUstralia
- The individual who has a permanent resident visa
- The person who holds a visa of special category (special category visa is a category of visa which is granted to all the citizen of New Zealand who living in Australia before 2001)
The individual is required to be a resident of Australia for more than 10 years along with being an Australian resident.
- Asset Test for Centrelink Age Pension Increase September 2024
For full pensioner
If you are a person who is the member of a couple, then the limit for both partners’ assets combined.
| Condition | Non homeowner | Home owner |
| Single | $566000 | $314000 |
| Couple combined | $722000 | $470000 |
| Couple combined separated due to illness | $722000 | $470000 |
| Couple combined separated one partner eligible | $722000 | $470000 |
Assets for Part pension
| Condition | Non homeowner | Home owner |
| Single | $938250 | $686250 |
| Couple combined | $1283000 | $1031000 |
| Couple combined separated due to illness | $1466500 | $1214500 |
| Couple combined separated one partner eligible | $1283000 | $1031000 |
Australia Income Test Age Pension 2024
Single Person
| Per fortnight Income | Pension reduced by |
| Upto $212 | $0 |
| Over $212 | $50 cents for every dollar over $212 |
For Couple
| Per fortnight Income | Pension reduced by |
| Upto $372 | $0 |
| Over $372 | $25 cents for every dollar over $372 |
FAQs on $2300 Australia Age Pension Increase September 2024
67 years is the eligible Age for Australia $2300 Age Pension Increase September 2024.
$2300 increment in the beneficiary amount of Australia Age Pension Announced.
