Our regular reviews may increase your payment rate

3 July 2020

On 1 July 2020, our income and assets tests for Age Pension will increase.

The Department of Social Services (DSS) regularly review and update the income and assets test limits. We use these tests to work out how much Age Pension you can get.

The income and asset test limits are updated to reflect changes in the Consumer Price Index (CPI). These updates happen several times each year.

When the CPI rises, the income and asset limit amounts also rise. When this happens, you may see an increase to your regular payment amount. The amount you get depends on your individual circumstances.

You don’t need to do anything. When DSS update the income and asset test limits, your payment rate will also be updated.

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Page last updated: 3 July 2020