In Australia the seniors are provided with the old age pension. The old age pension is delivered to the residents over 67 years. For the old pension the eligibility conditions are there which need to be followed for the old age amount. These eligibility conditions and the amounts get modified on 20th September. These Australia Pension Changes November 2024 conditions include the change in assets and income limits and the amount change includes the change in all amount components like energy supplement, basic rate. Today we will know the change in pension amounts and eligibility.
Australia Pension Changes November 2024
The Australian age pension mainly delivers to the seniors and for this the seniors need to pass the earnings and asset limit. These earning and asset limits get revised each year and latestly these get revised on 20th September 2024 and these will be applicable in November also. This guide includes Australia Pension Changes November 2024. Also the amounts like basic amounts, supplement amounts, energy supplement amounts revised on 20th September 2024. With this the transitional rates also rose. Here we will see the changes in eligibility test, asset test, normal amounts and transitional amounts.
Centrelink Age Pension Benefits 2024- Overview
| Post Title | Australia Pension Changes November 2024 |
| Year | 2024 |
| Name of the Country | Australia |
| Issuing Agency | Service Australia or Centrelink |
| Month For Changes | November |
| Age Pension Eligibility 2024 | Asset and Income Limit |
| Effectiveness For Age Pension | 20th September 2024 |
| Changes In Age Pension Amounts 2024 | Normal as well as Transitional Rates |
| Post Category | Finance |
| Official Web Page | www.servicesaustralia.gov.au |
Changes In Australia Age Pension Eligibility 2024
Change In Age Pension Earnings Limit:
| Status | Income free area | Income limit | ||
| Month | 1st July till 19th September | 20th September till 31st December | 1st July till 19th September | 20th September till 31st December |
| Single | $212 | $212 | $2444.60 | $2500.80 |
| Couple combined | $372 | $372 | $3737.60 | $3822.40 |
| Illness separate | $372 | $372 | $4837.20 | $4949.60 |
Change In Age Pension Asset Test:
| Status | Assets limit | Assets limit |
| Homeowner | 1st July till 19th September | 20th September till 31st December |
| Single | $686,250 | $695,500 |
| Couple combined | $1,031,000 | $1,045,500 |
| Illness separated | $1,214,500 | $1,233,000 |
| Non-homeowner | 1st July till 19th September | 20th September till 31st December |
| Single | $938,250 | $947,500 |
| Couple combined | $1,283,000 | $1,297,500 |
| Illness separated | $1,466,500 | $1,485,000 |
Centrelink Age Pension Amount 2024 (Changed)
Normal Rates Changes
| Rate per Fortnight | 1st July till 19th September | 20th September till 31st December | Change or Raise |
| Single | Old | New | Raise |
| Maximum Basic Rate | $1020.60 | $1047.10 | $26.5 |
| Maximum Pension Supplement | $81.60 | $83.20 | $1.6 |
| Energy Supplement | $14.10 | $14.10 | NA |
| Total | $1116.30 | $1144.40 | $28.1 |
| Each Couple | Old | New | Raise |
| Maximum Basic Rate | $769.30 | $789.30 | $20 |
| Maximum Pension Supplement | $61.50 | $62.70 | $1.2 |
| Energy Supplement | $10.60 | $10.60 | NA |
| Total | $841.40 | $862.60 | $21.2 |
| Couples Combined | Old | New | Raise |
| Maximum Basic Rate | $1538.60 | $1578.60 | $40 |
| Maximum Pension Supplement | $123.00 | $125.40 | $2.4 |
| Energy Supplement | $21.20 | $21.20 | NA |
| Total | $1682.80 | $1725.20 | $42.4 |
| Illness Separated | Old | New | Raise |
| Maximum Basic Rate | $1020.60 | $1047.10 | $26.5 |
| Maximum Pension Supplement | $81.60 | $83.20 | $1.6 |
| Energy Supplement | $14.10 | $14.10 | NA |
| Total | $1116.30 | $1144.40 | $28.1 |
Transitional Rates Changes
| Rate per Fortnight | 1st July till 19th September | 20th September till 31st December | Change or Raise |
| Single | Old | New | Raise |
| Maximum Basic Rate | $908.80 | $927 | $18.2 |
| Energy Supplement | $14.10 | $14.10 | NA |
| Total | $922.90 | $941.10 | $18.2 |
| Each Couple | Old | New | Raise |
| Maximum Basic Rate | $734.00 | $748.70 | $14.7 |
| Energy Supplement | $10.60 | $10.60 | NA |
| Total | $744.60 | $759.30 | $14.7 |
| Couple Combined | Old | New | Raise |
| Maximum Basic Rate | $1468.00 | $1497.40 | $29.4 |
| Energy Supplement | $21.20 | $21.20 | NA |
| Total | $1489.20 | $1518.60 | $29.4 |
| Illness Separated | Old | New | Raise |
| Maximum Basic Rate | $908.80 | $927 | $18.2 |
| Energy Supplement | $14.10 | $14.10 | NA |
| Total | $922.90 | $941.10 | $18.2 |
Fact Check: Australia Pension Changes November 2024
It is reliable that the age pension gets revised on 20th September 2024 and these changes will also be followed in November. The eligibility changes and amount changes are there. In eligibility the income and asset test get changed and in amounts the normal with transitional pension amounts get revised. We have provided both previous and revised amounts in this post. We have compared them and the provided amounts with the raise is reliable. For the more updates on the changes the Service Australia portal is there for the age pensioners.
FAQ Related To Australia Pension Changes November 2024
Yes, the Age Pension change made on 20h September 2024 continues for November.
The qualification conditions and the age pension amounts get revised.
Yes, the transitional pension rates also get raised.
The changes are publicly available on the Centrelink or Service Australia page.
The regular claimants who previously get age pension would qualify for the applicable age pension changes.
