OFFICIAL
THE HON MATT KEOGH MP
Minister for VETERANS’ AFFAIRS
MINISTER FOR DEFENCE PERSONNEL
MEDIA RELEASE
19 March 2025
MORE THAN 150,000 VETERANS AND FAMILIES TO RECEIVE A FINANCIAL BOOST
More than 150,000 Australians receiving support through the Department of Veterans’ Affairs will soon have more money in their pockets with the latest round of indexation increasing payment rates this week.
Veteran Pensions, including the Service Pension, Disability Compensation Payment (including above General Rate), War Widow(er)’s Pension and Income Support Supplement will all increase on 20 March.
This additional cash boost would be at risk under Peter Dutton, with regular indexation part of the Coalition’s $350 billion of cuts.
Since the Albanese Labor Government came to office in 2022, we’ve been passing on indexation.
As a result, from 20 March 2025, a veteran receiving the Disability Compensation Payment (Special Rate), known as the Totally and Permanently Incapacitated (TPI) Payment, has seen their payment increase by more than $7,630 per year compared to 2022.
Single people on the veteran payment will receive an increased fortnightly payment of $1,247.30 – this will see single veteran payment recipients more than $4,300 per year better off since Labor came to office.
These increases reflect the Albanese Labor Government’s determination to help Australians with cost-of-living pressures – unlike Peter Dutton who will slash these payments.
The complete list of veteran payments increasing on 20 March 2025, including income and asset limits, can be found here - Summary of pension rates, limits and allowances | Department of Veterans' Affairs
MEDIA CONTACT:
DVA Media: [email protected]