When does the new Age Pension rate start?

The new rates take effect from 20 March 2026 as part of the March indexation cycle. Payments after that date reflect the updated base and supplements. If you are on the maximum or a part rate, check your Centrelink online account to confirm your new amount and next payment date.

How do higher deeming rates Australia affect my pension?

Deeming estimates income from your financial assets. With tiers at 1.25% and 3.25%, assessed income may rise even if your actual earnings do not. That can reduce some part pensions. Review your total financial assets, including cash, term deposits, shares, and funds, to see how each tier applies to your balance.

Will higher age pension thresholds change who qualifies?

Yes, higher income and asset cut‑offs can improve eligibility. Some people may move from no payment to a part rate, while others could see their part rate increase. Check the updated thresholds when Services Australia publishes them, then use the estimator to model your situation before your next reporting date.

What practical steps should I take now?

Update your reported bank balances, super drawdowns, and any work income. Confirm how your cash and investments are treated under the deeming tiers. Compare deposit and income product returns, access rules, and timing. Keep documentation ready so Centrelink payment changes apply correctly and you receive the right rate from 20 March.

Global Market Insights

Centrelink Age Pension Increase March 7: Payments Rise, Deeming Rates Up

ByHuzaifa Zahoor March 6, 2026March 6, 2026

The centrelink age pensionincrease starts on 20 March 2026. Indexation lifts payment rates and raises age pension thresholds for income and assets. At the same time, deeming rates Australia rise to 1.25% and 3.25%. More than 2.5 million pensioners will see changes to fortnightly income and eligibility. We explain what shifts, how deeming affects part rates, and why Centrelink payment changes matter for budgets and markets. Expect stronger deposit competition as retirees seek better cash returns.