From July 1, 2025, as per the government’s update to mid-year indexation, eligible pensioners throughout Australia will be eligible for an annual increase of up to $1,143.90.
The increase is meant to assist retirees in keeping higher with living costs, with housing, food, and health services continuing to be areas of pressure. This increase applies to both full-rate and part-rate pensions through Centrelink.
Who Will Receive the $1,143.90 Pension Boost
This pension increase will go to Australian Age Pensioners, Disability Support Pensioners, and Carer Payment recipients. Single pensioners may receive an extra $28 fortnightly, while a couple may receive an additional $42 on a fortnightly basis, depending greatly upon income and assets. For persons already receiving the qualifying payments, there is no need to apply separately for the new rate, since it will be applied automatically, confirmed Services Australia.
How and When Will Payments Be Processed
The first Centrelink payment cycle after July 1 onward shall reflect the state of increased pension levels. In other words, payments would be made automatically, taking into account the new amounts, and banks shall credit the funds into beneficiaries’ accounts over the first two weeks in July. Centrelink encourages beneficiaries to check on their myGov accounts or call Services Australia if they are uncertain about their particular increase.
About the Increasing Pension in 2025
This annual increase is an inflation-based adjustment that is to keep the agreed pension rate from falling behind changes in the cost of living. Pensions, falling under government policy, are reviewed on a biannual basis—once in March and once in September. However, unexpected increments such as this July increase are sometimes introduced for interim relief during hard times.