As Australia continues to address the challenges of an ageing population and rising cost of living, the federal government has introduced significant updates to the Age Pension system for 2025. These changes, which took effect from 10 July 2025, include adjustments to payment rates, income and asset thresholds, and eligibility requirements. For millions of older … Read more
Australians receiving the Centrelink Age Pension are set to benefit from an update to their fortnightly payments starting 5th July 2025. These adjustments, implemented by Services Australia, are part of the government’s biannual pension indexation process, which aims to keep payments in line with inflation, cost of living pressures, and wage movements. For age pensioners, … Read more
It was officially declared by the government of South Africa that the normal retirement age would be raised to 65 on June 15, 2025. This is a major policy change initiated to address the demographic changes in the country, longer life expectancy, and the sustainable financial status of the pension scheme. The increase will be … Read more
An increase in the Basic Retirement Sum (BRS) has been announced by the government of Singapore to come into effect from 2025. This change has been part of the ongoing efforts to ensure that seniors accumulate enough savings to fit their requirements in old age. With higher costs of living and increased life expectancy demanding … Read more