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This topic contains 2 tables of pension rates covering 2 periods:
|
Table Nos |
Explanation |
|
1 |
1 July 1909 to 13 November 1961 |
|
2 |
14 November 1963, when a standard rate was introduced, to present date |
The table shows the rates in dollars per annum.
|
Date Note A |
Married rate |
|
01/07/1909 Note B |
52.00 |
|
12/10/1916 |
65.00 |
|
01/01/1920 |
78.00 |
|
13/09/1923 |
91.00 |
|
08/10/1925 |
104.00 |
|
23/07/1931 |
91.00 |
|
13/10/1932 |
78.00 |
|
26/10/1933 |
91.00 |
|
04/07/1935 |
93.60 |
|
24/09/1936 |
98.80 |
|
09/09/1937 |
104.00 |
|
26/12/1940 |
109.20 |
|
03/04/1941 |
111.80 |
|
11/12/1941 |
122.20 |
|
02/04/1942 |
130.00 |
|
01/10/1942 |
132.60 |
|
07/01/1943 |
135.20 |
|
01/04/1943 |
137.80 |
|
05/08/1943 |
140.40 |
|
05/07/1945 |
169.00 |
|
03/07/1947 |
195.00 |
|
21/10/1948 |
221.00 |
|
02/11/1950 |
260.00 |
|
01/11/1951 |
312.00 |
|
02/10/1952 |
351.00 |
|
29/10/1953 |
364.00 |
|
27/10/1955 |
416.00 |
|
24/10/1957 |
455.00 |
|
08/10/1959 |
494.00 |
|
06/10/1960 |
520.00 |
|
05/10/1961 |
546.00 |
|
Note |
Explanation |
|
A |
The dates on which the rates were first paid. |
|
B |
Payments made fortnightly in advance from this date. |
These notes relate to pension rates from 1 July 1909 to 5 October 1961:
This table shows the rates in dollars per annum.
|
Date |
Standard rate |
Married rate |
|
14/11/1963 |
598.00 |
546.00 |
|
01/10/1964 |
624.00 |
572.00 |
|
13/10/1966 Note D |
676.00 |
611.00 |
|
10/10/1968 |
728.00 |
650.00 |
|
09/10/1969 |
780.00 |
689.00 |
|
08/10/1970 |
806.00 |
715.00 Note E |
|
08/04/1971 |
832.00 Note F |
741.00 Note F |
|
07/10/1971 |
897.00 Note F |
793.00 Note F |
|
04/05/1972 |
949.00 |
832.00 |
|
05/10/1972 |
1,040.00 |
897.00 Note G |
|
14/12/1972 |
1,118.00 |
975.00 |
|
04/10/1973 |
1,196.00 |
1,053.00 |
|
04/04/1974 |
1,352.00 |
1,183.00 |
|
08/08/1974 |
1,612.00 |
1,339.00 |
|
01/05/1975 |
1,872.00 |
1,560.00 |
|
13/11/1975 |
2,015.00 |
1,677.00 |
|
Date |
Standard rate |
Married rate |
|
13/05/1976 |
2,145.00 Note H |
1,781.00 Note H |
|
11/11/1976 |
2,262.00 |
1,885.00 |
|
12/05/1977 |
2,449.20 |
2,041.00 |
|
10/11/1977 |
2,563.60 |
2,137.20 |
|
11/05/1978 |
2,675.40 |
2,230.80 |
|
09/11/1978 |
2,766.40 Note I |
2,306.20 Note I |
|
08/11/1979 |
3,010.80 |
2,509.00 Note J |
|
08/05/1980 |
3,174.60 |
2,644.20 |
|
06/11/1980 |
3,333.20 |
2,776.80 |
|
07/05/1981 |
3,465.80 |
2,888.60 |
|
05/11/1981 |
3,624.40 |
3,021.20 |
|
06/05/1982 |
3,855.80 |
3,213.60 |
|
04/11/1982 |
4,017.00 |
3,348.80 |
|
05/05/1983 |
4,282.20 |
3,569.80 |
|
03/11/1983 |
4,466.80 |
3,723.20 |
|
03/05/1984 |
4,648.80 |
3,876.60 |
|
Date |
Standard rate |
Married rate |
|
01/11/1984 |
4,778.80 |
3,985.80 |
|
02/05/1985 |
4,903.60 |
4,089.80 |
|
14/11/1985 |
5,090.80 |
4,245.80 |
|
01/05/1986 |
5,309.20 |
4,427.80 |
|
25/12/1986 Note K |
5,522.40 |
4,604.60 |
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25/06/1987 |
5,831.80 |
4,862.00 |
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24/12/1987 |
6,037.20 |
5,031.00 |
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23/06/1988 |
6,242.60 |
5,202.60 |
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22/12/1988 |
6,461.00 |
5,384.60 |
|
22/06/1989 |
6,718.40 |
5,600.40 |
|
23/11/1989 Note L |
6,947.20 |
5,790.20 |
|
26/04/1990 |
7,342.40 |
6,120.40 |
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27/09/1990 |
7,584.20 |
6,323.20 |
|
28/03/1991 |
7,841.60 |
6,539.00 |
|
26/09/1991 |
7,841.60 |
6,539.00 |
|
Date |
Standard rate |
Partnered rate |
|
26/03/1992 |
7,958.60 |
6,637.80 |
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24/09/1992 |
7,958.60 |
6,637.80 |
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28/01/1993 Note M |
8,114.60 |
6,767.80 |
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20/09/1993 Note N |
8,221.20 |
6,856.20 |
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20/03/1994 |
8,270.60 |
6,897.80 |
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20/09/1994 |
8,361.60 |
6,973.20 |
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20/03/1995 |
8,478.60 |
7,072.00 |
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20/09/1995 |
8,733.40 |
7,285.20 |
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20/03/1996 |
8,907.60 |
7,430.80 |
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20/09/1996 |
9,006.40 |
7,511.40 |
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20/03/1997 |
9,042.80 |
7,542.60 |
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20/09/1997 |
9,042.80 |
7,542.60 |
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20/03/1998 |
9,219.60 |
7,690.80 |
|
20/09/1998 |
9,289.80 |
7,750.60 |
|
Date |
Standard rate |
Partnered rate |
|
20/03/1999 |
9,396.40 |
7,841.60 |
|
20/09/1999 |
9,529.00 |
7,953.40 |
|
20/03/2000 |
9,672.00 |
8,073.00 |
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01/07/2000 |
10,059.40 |
8,395.40 |
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20/09/2000 |
10,246.60 |
8,551.40 |
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20/03/2001 |
10,452.00 |
8,723.00 |
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20/09/2001 |
10,673.00 |
8,907.60 |
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20/03/2002 |
10,966.80 |
9,154.60 |
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20/09/2002 |
11,164.40 |
9,318.40 |
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20/03/2003 |
11,447.80 |
9,555.00 |
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20/09/2003 |
11,772.80 |
9,828.00 |
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20/03/2004 |
12,069.20 |
10,077.60 |
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20/09/2004 |
12,238.20 |
10,218.00 |
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20/03/2005 |
12,383.80 |
10,340.20 |
|
Date |
Standard rate
|
Partnered rate
|
|
20/09/2005 |
12,711.40 |
10,613.20 |
|
20/03/2006 |
12,992.20 |
10,847.20 |
|
20/09/2006 |
13,314.60 |
11,120.20 |
|
20/03/2007 |
13,652.60 |
11,401.00 |
|
20/09/2007 Note O |
13,980.20 |
11,676.60 |
|
20/03/2008 |
14,216.80 |
11,876.80 |
|
20/09/2008 |
14,614.60 |
12,207.00 |
|
20/03/2009 |
14,814.80 |
12,373.40 |
|
20/09/2009 |
17,469.40 |
13,169.00 |
|
20/03/2010 |
18,228.60 |
13,741.00 |
These notes relate to pension rates from 14 November 1963 to 20 September 2007:
|
Note |
Explanation |
|
C |
The dates on which the rates were first paid. |
|
D |
From 7 August 1968 Age and invalid pensions were regarded as being paid in fortnightly instalments of one twenty-sixth of the annual rate, payment being made for each instalment falling due while eligibility existed. This was based on F174.103, C1707/45 issued by the Secretary on 7 August 1968. |
|
E |
Standard rate became payable to married Age and invalid pensioners where the living expenses of a wife or husband were or were likely to be greater than they would otherwise be by reason that they were unable, as a result of the illness or infirmity of either or both of them, to live together in a matrimonial home (subsection 33(2) of the 1947 Act applied). |
|
F |
Maximum increase paid where means as assessed less than $520.00. Amount of increase reduced by half of means as assessed in excess of $520.00. |
|
G |
WP replaced wife's allowance. It became payable to the wife of an Age or invalid pensioner at the same rate and subject to the same means test as Age and invalid pensions. Subsection 33(2) of the 1947 Act did not apply to WP. |
|
H |
Pension rates became subject to automatic increases from 1 May and 1 November each year, based on movements in the CPI. |
|
I |
Pension increases above the May 1978 rates were payable to persons aged 70 years or more, subject to the income test. |
|
J |
Standard rate pension became payable to wife pensioners under subsection 38(2) of the 1947 Act, a similar provision to subsection 33(2) of the 1947 Act (see note (4)). |
|
K |
Automatic CPI based increases in pension rates deferred for 42 days, the operative dates now being 13 December and 13 June each year. |
|
L |
Operative dates for automatic CPI based pension rate increase advanced by 84 days in 3 stages, each of 28 days. Future dates from which automatic increases will apply are 15 November 1989, 18 April 1990 and each successive 20 September and 20 March. |
|
M |
Ad hoc increase to pension in order to maintain pension at 25% of MTAWE. |
|
N |
Withdrawal rate of pension asset test eased. For every $1,000 of assets (1.1.A.290) above allowable limit, pension reduced by $78.00 per annum. |
|
Withdrawal rate of pension asset test eased. For every $1,000 of assets (1.1.A.290) above allowable limit, pension reduced by $39.00 a year. |
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Last reviewed: 19 March 2010
