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In 2025, Australia’s Age Pension system remains a vital source of income for millions of retirees. With inflation and cost of living pressures rising, many Australians have heard reports of a $3,300 monthly Age Pension.
But is this figure accurate? This article breaks down the latest Age Pension rates, eligibility rules, and how seniors can check if they qualify.
What Is the Age Pension?
The Age Pension is a biweekly payment provided by the Australian Government through Services Australia to help older citizens meet their living costs in retirement.
It is income- and asset-tested, meaning eligibility depends on how much a person earns or owns.
Fact Check: Is There a $3,300 Monthly Age Pension in 2025?
Yes – some eligible couples may receive up to $3,300 per month combined in Age Pension payments as of March 2025.
This figure is based on the maximum full Age Pension rates after the March 2025 indexation increase, which included adjustments for inflation.
Here is a breakdown of the current Age Pension rates (effective from March 20, 2025):
| Pension Type | Single (Fortnightly) | Couple Combined (Fortnightly) | Couple Combined (Monthly) |
|---|---|---|---|
| Base Pension | $1,116.30 | $1,681.60 | $3,363.20 |
| Energy Supplement | $14.10 | $21.20 | Included above |
| Maximum Total Rate | $1,130.40 | $1,702.80 | $3,405.60 |
Conclusion: Reports of a $3,300/month pension are TRUE for full-rate couples combined. Singles receive up to $1,130.40 fortnightly, which is roughly $2,260/month.
Who Is Eligible for the Age Pension in 2025?
To qualify for the Age Pension in 2025, you must meet the following criteria:
Age Requirement
- You must be 66.5 to 67 years old, depending on your birth year.
- For those born on or after 1 January 1957, the eligibility age is 67.
Residency Rules
- You must be an Australian resident and have lived in the country for at least 10 years, with at least 5 years continuously.
Income and Assets Tests
Centrelink assesses both income and assets to determine your payment rate.
Current Income Limits (As of March 2025)
| Family Situation | Full Pension (Fortnightly Income Limit) | Part Pension (Upper Limit) |
|---|---|---|
| Single | Up to $204 | Up to $2,444.60 |
| Couple (combined) | Up to $360 | Up to $3,738.80 |
Current Assets Limits (Homeowners)
| Family Situation | Full Pension (Assets Limit) | Part Pension (Upper Limit) |
|---|---|---|
| Single | $314,000 | $674,000 |
| Couple Combined | $470,000 | $1,012,500 |
Note: Non-homeowners have higher asset thresholds.
Payment Schedule for Age Pension in 2025
The Age Pension is paid every fortnight. Here are some upcoming payment dates for 2025:
| Payment Month | Fortnightly Payment Dates |
|---|---|
| July 2025 | July 4, July 18 |
| August 2025 | August 1, August 15, August 29 |
| September 2025 | September 12, September 26 |
You can view your next payment date using your myGov account linked to Centrelink.
How to Apply for the Age Pension
1. Check Your Eligibility
Use the Services Australia Pension Eligibility Calculator on their official site.
2. Prepare Documents
You’ll need:
- Proof of age and identity
- Residency history
- Bank statements, investment details
- Superannuation and income info
3. Submit Your Claim
- Apply online via myGov
- Or visit a Centrelink Service Centre in person
4. Track Your Claim
Once submitted, you can monitor progress via myGov or the Centrelink app.
Changes in 2025: What’s New?
- Indexation in March 2025 brought the largest pension increase in over a decade.
- Additional rent assistance and energy supplements help cushion living costs.
- No major changes have been introduced to the income and asset thresholds, but a review is scheduled for September 2025.
In 2025, eligible couples can receive up to $3,400 per month, making the $3,300 Age Pension claim accurate.
However, actual payments depend on income, assets, and relationship status. Seniors are encouraged to check their eligibility via myGov, review their financial details, and apply promptly to receive their entitlements.
Frequently Asked Questions
1. Can I still get the Age Pension if I own a home?
Yes, homeowners can still qualify for the Age Pension, but the asset test thresholds are lower than for non-homeowners. Your home’s value is excluded, but other assets like savings or cars count.
2. What happens if I work part-time while receiving the Age Pension?
You can still work and receive the Age Pension, but your income will affect your payment. The Work Bonus scheme allows you to earn up to $300 per fortnight without it reducing your pension.
3. Is the Age Pension taxed in Australia?
The Age Pension is taxable, but many seniors pay little or no tax because of tax offsets like the Seniors and Pensioners Tax Offset (SAPTO).