March pension indexation increases

Veteran pension payments will increase in March in line with the biannual indexation process.

FILE PHOTO: Corporal Mark Bruty from Newcastle, NSW, ponders how to move 11,000,000 reil (US$10,000) – from a Cambodian bank to the Australian Contingent’s Phnom Peng Cash Office. Corporal Bruty was in Cambodia (1992) as a finance clerk. Photo by Corporal Wayne Ryan.

Pension recipients including veterans, their partners, war widows and widowers across Australia will receive increased payments from 20 March 2018.

Due to the calculation of pension rates on a daily basis, the first pension paid after the indexation on payday 29 March 2018 will comprise both the old and new rates.

The new pension rates will be fully effective from payment date 12 April 2018.

The table below highlights the new fortnightly rates.

SERVICE PENSION Old rate (fortnightly) New rate (fortnightly) Increase (fortnightly)
Single person  $894.40  $907.60  $13.20
Couples (each)  $674.20  $684.10  $9.90
Single person – transitional  $752.40  $762.00  $9.60
Couples (each) – transitional  $607.00  $614.80  $7.80
WAR WIDOWS      
War widow(er)’s pension  $909.10  $922.50  $13.40
Income support supplement (ceiling rate)  $268.50  $272.60  $4.10
DISABILITY PENSION Old rate (fortnightly) New rate (fortnightly) Increase (fortnightly)
T&PI (Special rate)  $1,373.80  $1,394.20  $20.40
Intermediate rate  $932.70  $946.60  $13.90
EDA  $758.90  $770.20  $11.30
100 per cent  $488.40  $495.70  $7.30
10 per cent  $55.77  $56.50  $0.73

These are the maximum rates of payment and include any Energy Supplement payable.

Pensions are indexed twice a year in March and September. For a full list of pension rates, please visit www.dva.gov.au or call 1800 555 254.

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Brian Hartigan

Managing Editor Contact Publishing Pty Ltd PO Box 3091 Minnamurra NSW 2533 AUSTRALIA

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