On the first payday in January and July each year, we adjust your pension in line with the CPI.
The CPI takes into account a range of factors as set by the Australian Bureau of Statistics (ABS). This includes the price of food, clothing, housing and transport.
Once the ABS releases the CPI figures, we can see if your pension is due for an increase. If the CPI rises, we increase your payment. If the CPI falls or stays the same, your pension will not change.
If you have not been receiving your pension for the full six months before the CPI increase, you will only receive a proportion of the increase in your pension. For more information, see the July edition of your Pension Update or visit www.abs.gov.au
