Each year, in September and March, the Age Pension payment rates are increased and other details affecting the Age Pension are updated.
To make the changes easier to understand, an updated 2018 Age Pension Guide explaining the terms and conditions that apply to the Age Pension has been released by the Federal Member for Wide Bay Llew O'Brien.
"The Age Pension rules can be complicated and confusing, so this Guide is produced to ensure Wide Bay pensioners have access to information that is clear and easy to understand," Mr O'Brien said.
"The Guide contains a series of commonly asked questions as well as information about the guidelines, payments and eligibility tests that relate to the Age Pension."
Mr O'Brien said a range of factors could affect Age Pension payments, including the income and asset tests, deeming rates and other provisions.
"The asset and income tests are adjusted from time to time which can change the amount of assistance that pensioners are able to receive, so it is important that people have access to the latest information about the support that is available.
"The Guide also provides useful information about the Pension Bonus and Work Bonus Schemes, the Carer Payment and Allowance, as well as health and concession cards that are available to pensioners."
Pensioners in Wide Bay who previously subscribed to the Guide should receive a copy in the post in the coming days. It is available free of charge and can be ordered by telephoning 4121 2936, or downloaded through the One Stop Shop section of Mr O'Brien's website www.llewobrien.com.au.