The Times Australia
The Times Australia

.

Service Pension and Other Pension Increases to Hit Bank Accounts


Australians on a pension will today be waking up to see a boost in their bank accounts, thanks to the largest pension indexation increase in more than 12 years and the largest increase to allowances in three decades.

Those receiving a pension will receive the full payment boost in the first normal pension pay cycle following the formal indexation to rates on September 20.

For most, including those on the Service Pension, that first boosted payment will occur today - while some have been receiving their updated payments over the past fortnight on the day of their specific pension payment.

Minister for Social Services Amanda Rishworth said this increase would help all Australians, including veterans.

“This will give a much-need boost to many people and help ease cost of living pressures” Minister Rishworth said. 

“We’re pleased the full fortnightly increase will be hitting most pensioners’ accounts from today.”

The Service Pension, Age Pension, Disability Support Pension and Carer Payment have risen by $38.90 a fortnight for singles and $58.80 a fortnight for couples in the latest indexation round.

The maximum rate of pension has increased to $1026.50 a fortnight for singles and $773.80 for each member of a pensioner couple or $1547.60 per couple (including Pension Supplement and Energy Supplement).

The rate of JobSeeker Payment for singles without children has increased by $25.70 a fortnight to $677.20 including Energy Supplement, while Parenting Payment Single has increased by $35.20 per fortnight to $927.40 including Pension Supplement and Energy Supplement.

Minister for Veterans’ Affairs Matt Keogh said veterans and their families will notice the increase to their pensions automatically in their payments today.

“Our guiding principles as a Government are ensuring no one is left behind and no one is held back and this indexation increase will help pension recipients including veterans, their partners, war widows and widowers keep up with the cost of living,” Minister Keogh said.

The pension paid to war widow(er)s has risen by $39.60 to $1044.30 per fortnight. Additionally, Disability Compensation Payments will increase by $59.90 per fortnight for the Special Rate, $33.20 for the Extreme Disablement Adjustment rate, and $21.30 for the 100% General Rate of Disability Compensation Payment.

“The Australian community has a clear expectation that veterans and their families will be supported by the Government,” Minister Keogh said.

“We are committed to delivering a package of practical support measures that will improve the welfare and wellbeing of veterans and their families, building on the services already available.

The new pension rates for veterans are available on the DVA website and the full list of rates can be found on the Department of Social Services website.

Wild swings in the oil price make the Reserve Bank’s job harder

It looks, at least for now, as though tensions in the Middle East are easing somewhat[1]. It appears much less...

Times Magazine

Headless CMS in Digital Twins and 3D Product Experiences

Image by freepik As the metaverse becomes more advanced and accessible, it's clear that multiple sectors will use digital twins and 3D product experiences to visualize, connect, and streamline efforts better. A digital twin is a virtual replica of ...

The Decline of Hyper-Casual: How Mid-Core Mobile Games Took Over in 2025

In recent years, the mobile gaming landscape has undergone a significant transformation, with mid-core mobile games emerging as the dominant force in app stores by 2025. This shift is underpinned by changing user habits and evolving monetization tr...

Understanding ITIL 4 and PRINCE2 Project Management Synergy

Key Highlights ITIL 4 focuses on IT service management, emphasising continual improvement and value creation through modern digital transformation approaches. PRINCE2 project management supports systematic planning and execution of projects wit...

What AI Adoption Means for the Future of Workplace Risk Management

Image by freepik As industrial operations become more complex and fast-paced, the risks faced by workers and employers alike continue to grow. Traditional safety models—reliant on manual oversight, reactive investigations, and standardised checklist...

From Beach Bops to Alpine Anthems: Your Sonos Survival Guide for a Long Weekend Escape

Alright, fellow adventurers and relaxation enthusiasts! So, you've packed your bags, charged your devices, and mentally prepared for that glorious King's Birthday long weekend. But hold on, are you really ready? Because a true long weekend warrior kn...

Effective Commercial Pest Control Solutions for a Safer Workplace

Keeping a workplace clean, safe, and free from pests is essential for maintaining productivity, protecting employee health, and upholding a company's reputation. Pests pose health risks, can cause structural damage, and can lead to serious legal an...

The Times Features

Duke of Dural to Get Rooftop Bar as New Owners Invest in Venue Upgrade

The Duke of Dural, in Sydney’s north-west, is set for a major uplift under new ownership, following its acquisition by hospitality group Good Beer Company this week. Led by resp...

Prefab’s Second Life: Why Australia’s Backyard Boom Needs a Circular Makeover

The humble granny flat is being reimagined not just as a fix for housing shortages, but as a cornerstone of circular, factory-built architecture. But are our systems ready to s...

Melbourne’s Burglary Boom: Break-Ins Surge Nearly 25%

Victorian homeowners are being warned to act now, as rising break-ins and falling arrest rates paint a worrying picture for suburban safety. Melbourne residents are facing an ...

Exploring the Curriculum at a Modern Junior School in Melbourne

Key Highlights The curriculum at junior schools emphasises whole-person development, catering to children’s physical, emotional, and intellectual needs. It ensures early year...

Distressed by all the bad news? Here’s how to stay informed but still look after yourself

If you’re feeling like the news is particularly bad at the moment, you’re not alone. But many of us can’t look away – and don’t want to. Engaging with news can help us make ...

The Role of Your GP in Creating a Chronic Disease Management Plan That Works

Living with a long-term condition, whether that is diabetes, asthma, arthritis or heart disease, means making hundreds of small decisions every day. You plan your diet against m...