The $1,682.80 Australia Age Pension 2024 is a government funded scheme designed to assist the senior population of the country. This financial support program initiated by the Government of Australia aims to provide financial assistance to the retired individuals aged 67 and above to help cope with inflation. This income support system acts as a pivotal component to support the Australian community during their transitional phase to their retirement period. This scheme is a response from the Government to acknowledge the service provided by the beneficiaries during their employment period. Thus, the Age Pension Benefit aims to provide a stable lifestyle by helping the individuals financially.
$1,682.80 Australia Age Pension 2024
The $1,682.80 Australia Age Pension 2024 benefit allows retirees to enjoy their retirement phase without any financial restrictions. The benefit provides fortnightly payment to all eligible individuals that help them afford basic necessities such as housing, groceries, healthcare, medicinal care etc . The Australia Age Pension Payment is calculated based on several factors such as age, single or married individuals, etc. Additionally, some individuals qualify for Pension and Energy Supplements as well. The total amount including the supplement amount to be paid gives the total amount of Australia Age Pension Payment to be granted to the beneficiaries. For Instance, $1682.80 is the total amount to be granted fortnightly to the couples. This amount ensures the well-being of the individuals.
servicesaustralia.gov Age Pension 2024 – Overview
| Post | $1,682.80 Australia Age Pension 2024 |
| Proposed By | The Government of Australia |
| Country | Australia |
| Benefit Providing Agency | Centrelink |
| Main Purpose of the Payments | Financial Support |
| Eligibility | Seniors aged 67 and above |
| Payout Schedule | Monthly |
| Payout Frequency | Fortnightly |
| Payment Amount | $1.682.80 |
| Post Type | Finance |
| Official Website | servicesaustralia.gov |
Centrelink Age Pension Eligibility 2024
The eligibility criteria for Age Pension is as follows:
- Individuals aged 67 and above qualify to claim the Age Pension Payment.
- Individuals should be legal citizens of Australia
- Individuals residing in the country for at least 10 years after turning 18 qualify for the Age Pension.
- Individuals should meet income and assets tests.
- Individuals who file their taxes regularly qualify for the pension.
Australia Age Pension Payout Schedule 2024
The Australia Age Pension is granted to the citizens each month. There are various modes of payment through which the Age Pension can be claimed – direct deposits and cheque payments. The table below illustrates the same:
| Payments to be issued by Centrelink on: | Direct Deposit Payment Dates: | Cheque Payments Dates: |
| 14-11-2024 | 20-10-2024 | 04-12-2024 |
| 12-12-2024 | 18-12-2024 | 01-01-2025 |
It is to be noted that the cheque payment dates may vary due to a public holiday, weekend or any other day-off. For Instance January 1st, 2025 falls on a holiday, so a delay in cheque payments can be expected.
Australia Age Pension Payment Amount 2024
The Australia Age Pension Payment is calculated to be credited to the individuals based on their marital and residential status. The payment rates are credited as fortnightly payments
| Status of the Individuals | Basic Payment Amount 2024 | Typical Payment Amount 2024 |
| Single | $1,020.60 | $1,116.30 |
| Couple (per individual) | $769.30 | $841.40 |
| Couple (collective) | $1,538.60 | $1,682.80 |
The Typical Rate of Payment Amount is calculated including all the other supplementary amounts that the individuals qualify for. As some individuals qualify for Pension Supplement and Energy Supplement, thus, these payment rates are combined with the basic rates of payment to get a typical rate to be credited to the beneficiaries.
How To Claim Australia Age Pension 2024
The individuals can claim the Australia Age Pension by following the guide given below:
- Visit servicesaustralia.gov
- Check Eligibility
- Create or Sign In to myGov account
- Link it to Centrelink Account
- Prove Identity by providing Customer Reference Number (CRN)
- Attach relevant documents
- Submit Application
FAQs Related To $1,682.80 Australia Age Pension 2024
The couples eligible to claim Age Pension and Pension and Energy Supplement are granted the $1682.80 Australia Age Pension 2024.
The Australia Age Pension November 2024 is entitled to be issued on 14th November 2024.
The beneficiaries are granted fortnightly payments for the Age Pension amounts.
The individuals can claim their Age Pension online or by filling “Claim for Age Pension” Form.