The Age Pension is increasing tomorrow, while previously frozen deeming rates will rise by 0.5%. From tomorrow, September 20, the Age Pension will increase by $29.70 a fortnight for singles and $44.80 for couples combined. The increase to the Age Pension is the result of indexation and represents the most significant bump for pensioners in two years. Analysis of ABS Labour Force Survey data by KPMG Australia suggests increases to the Age Pension over the past decade have contributed to the increase in Australians' expected retirement age. The Age Pension is due to be indexed again in March 2026.