Here's which Centrelink payments are going up and by how much
Millions of Australians receiving Centrelink payments will see changes to their fortnightly payment rates.
Over 5.3 million Australians will see their social security payments rise beginning September 20 under the latest indexation. This $4 billion boost aims to help those on income support with rent, food, and bills. Social Services Minister Tanya Plibersek announced the increase will assist Australians in making ends meet. However, the Australian Council of Social Service CEO Cassandra Goldie noted that while every dollar helps, indexation alone is not enough to lift people out of poverty.
Payments for the age pension will increase by up to $36.80, with couples seeing a $55.60 boost. JobSeeker recipients will receive $16.20 for singles and $17.30 for those with children. Parenting Payment rates will also increase, with single recipients gaining $20.90 and couples rising by $14.80. Rent Assistance maximums will increase by $4.40 for singles without children, $5.18 for those with children, and $5.88 for couples.
Youth Allowance for 18-24 year olds will rise by $20.90, and ABSTUDY recipients aged 22 or older will see a $16.20 increase for singles and $17.30 for those with children. Additionally, the deeming rate for financial assets has been raised from 1.25 per cent to 1.75 per cent for singles and couples combined.
Written by urgent.news from SBS News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.