$1800 Extra Pension Confirmed in Australia: Fact Check, Eligibility, Payment Dates

$1800 Extra Pension Confirmed in Australia: July is about to end and the new month is ready to start. Meanwhile, curiosity is increasing among Australian pensioners about the $1800 additional pension. But is this news true? Who will be eligible for this, and by when will the payment be made? Let us know the complete information related to this pension.

$1800 Additional Australia Pension: What is the truth?

Due to inflation and rising cost of living in Australia, the government keeps amending pension schemes from time to time. $1800 Additional Australia Pension is also a part of this, which is provided to senior citizens by the Department of Social Services. >

Australia’s pension system is based on three pillars: >

Public Pension – Pension provided by the government.
Occupational Pension – Pension provided by the employer.
Personal Pension – Pension earned from personal savings.

Age Pension is part of the public pension system, which is provided to senior citizens. Apart from this, Disability Support Pension (DSP) is for those citizens who have some kind of physical or mental disability. >

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Who is eligible for $1800 additional Australia Pension?

To avail this pension scheme, it is necessary to meet the following eligibility criteria:

The age of the citizen should be 67 years or more.
The applicant must be a permanent resident of Australia and has been residing in the country continuously for the last 5 years.
It is mandatory to pass the Income Test.
Assets Limit:
- An unmarried person can have assets worth a maximum of $4,940.
- For married couples, this limit has been fixed at $8,736.

If a person’s income exceeds the prescribed limit, then he will not get this additional pension. The government wants to ensure that only the needy people get its benefit. >

$1800 Extra Australia Pension Payment Date and Latest Updates

Many seniors do not receive the full pension because their income is already above the limit set by the government. But those who are eligible will be paid the following:

Payment rates applicable from 1 July 2023 to 30 June 2025:
Unmarried pensioners will receive $1,002.50 per fortnight.
Married couples will jointly receive $1,511.40 per fortnight.

The government wants to ensure that seniors have financial stability and can live a dignified life even after retirement. This is why many people decide to stay in Australia and not migrate to other countries.

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Fact check: Will you really get $1800 extra pension?

Eligibility check is mandatory – only eligible citizens will receive this payment.
Tax Returns are required – the government will check applications based on tax details.
myGov account mandatory – The applicant’s myGov account must be linked to Centrelink to receive the pension.

Income and property information has to be updated – Pensioners have to regularly provide information about their financial status to the government.

Conclusion

The news related to the $1800 additional Australia Pension is in the news, but this pension will be available only to those who meet the eligibility criteria set by the government. If you meet the required age, asset limit and residency criteria, you can apply for this pension.

To avail pension from the government, make sure that your myGov account is updated and tax returns have been filed. If you are eligible, this additional pension will definitely give you financial relief.

If you want to apply for this pension, you can apply with your documents by visiting the official website of Centrelink.