Some government payment rates and limits have risen as a result of indexation.
The maximum rate of pension for those on the Age Pension, Disability Support Pension and Carer Payment increased. Broadly, the maximum rate of these pensions (including energy supplement and minimum pension supplement) has increased to $29,874 pa for a single and $45,037 pa for a couple combined.
Single
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| Single per fortnight | Current | 20 March 2025 | Increase per fortnight |
| Maximum basic rate | $1,047.10 | $1,051.30 | $4.20 |
| Maximum Pension supplement | $83.20 | $83.60 | $0.40 |
| Energy Supplement | $14.10 | $14.10 | $0.00 |
| Total | $1,140.40 | $1,149.00 | $4.60 |
Couple
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| Couple combined per fortnight | Current | 20 March 2025 | Increase per fortnight |
| Maximum basic rate | $1,578.60 | $1,585.00 | $6.40 |
| Maximum Pension supplement | $125.40 | $126.00 | $0.60 |
| Energy Supplement | $21.20 | $21.20 | $0.00 |
| Total | $1,725.20 | $1,732.20 | $7.00 |
The upper cut off limit for both the income and asset test have also increased. Clients who previously may have just missed out on qualifying for a part pension might now be eligible. Assets and income threshold changes are detailed below.
Pension disqualifying asset limits
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| Family Situation | Current | 20 March 2025 | Increase |
| Single, homeowner | $695,500 | $697,000 | $1,500 |
| Single, non-homeowner | $947,500 | $949,000 | $1,500 |
| Couple (combined), homeowner | $1,045,000 | $1,047,500 | $2,000 |
| Couple (combined), non-homeowner | $1,297,500 | $1,299,500 | $2,000 |
Pension disqualifying income limits
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| Family Situation | Current | 20 March 2025 | Increase |
| Single | $2,500.80 | $2,510.00 | $9.20 |
| Couple (combined) | $3,822.40 | $3,836.40 | $14.00 |
| Illness-separated (couple combined) | $4,949.60 | $4,968.00 | $18.40 |
No change to deeming rates
There were no changes to deeming rates, as current rates remain frozen until 30 June 2025. While there have been reports in the media that the freezing of deeming rates has been extended for another year, this has yet to be officially announced.
Current deeming rates
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| Below threshold rate | Above threshold rate | Threshold amounts | |
| Single | Couple (at least one pensioner) | ||
| 0.25% | 2.25% | $62,600 | $103,800 |
Jobseeker Payment
JobSeeker Payment, Special benefit (adult), ABSTUDY (aged 22 and over) and Parenting Payment recipients also saw increases to their payments.
Parenting Payment Single recipients saw an additional $4 a fortnight, bringing their total fortnightly payment to $1030.30, including Pension Supplement, Pharmaceutical Allowance and Energy Supplement.
For a single recipient of JobSeeker Payment aged 22 and over without children, indexation delivered a $3.10 increase, bringing their total fortnightly payment to $789.90 (including Energy Supplement).
Each member of a couple on JobSeeker Payment, ABSTUDY (aged 22 and over) or Parenting Payment Partnered saw an additional $2.80 per fortnight, with the fortnightly rate increasing to $723, including Energy Supplement.
Commonwealth Seniors Health Card (CSHC)
There was no change to the CSHC income limits. No assets test applies.
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| Situation | Annual Income Limit |
| Single | $99,025 |
| Couple | $158,440 |
| Couples separated by illness, respite care, or prison | $198,050 |
| Increase to income limit for each dependent child in care | $639.60 |
This material is issued by Allianz Australia Life Insurance Limited, ABN 27 076 033 782, AFSL 296559 (Allianz Retire+). Allianz Retire+ is a registered business name of Allianz Australia Life Insurance Limited. This information is current as at April 2025 unless otherwise specified and is for general information purposes only. It is not comprehensive or intended to give financial product advice. Any advice provided in this material does not take into account your objectives, financial situation or needs. Before acting on anything contained in this material, you should speak to your financial adviser and consider the appropriateness of the information received, having regard to your objectives, financial situation and needs. Any tax and social security information in this material sets out our understanding of current legislation and practice as at the date of this document. It is only intended to be general in nature and does not constitute tax or social security advice. We recommend that you seek specific tax and social security financial advice on your personal circumstances before acting on this information or making an investment decision.
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