September 19th 2024.
Starting today, over five million individuals will be receiving a little extra financial support to help them get by. This boost is thanks to the indexation of welfare payments, which will be increasing for various types of assistance including age and disability pensions, carer payments, and JobSeeker payments.
For those receiving an age pension, they will see a $28.10 increase per fortnight if they are single, and a $42.40 increase if they are a part of a couple. Similarly, individuals on the disability support pension and carer payment will also see a boost, bringing their fortnightly total, including the energy supplement, to $1114.40 for singles and $862.60 for each member of a couple.
Additionally, the maximum rates of Commonwealth rent assistance will also be rising by 10% from today, with indexation on top. This means that single recipients without children who are renting on their own and receiving the maximum rate will receive an extra $23 per fortnight in rent assistance. Families with one or two children will see their payments increase by $27.02 per fortnight.
Even those on the JobSeeker payment will benefit from this indexation, with single recipients who have a partial capacity to work of zero to 14 hours per week moving to the higher rate and receiving $849.50 per fortnight. This is an increase of $71.20 per fortnight for those who were previously on the lower rate.
And it's not just these groups who will see a boost in their payments. Parenting payment single recipients will also receive an increase of $19.80 per fortnight, bringing their total to $1026.30 per fortnight.
Social Services Minister Amanda Rishworth expressed her support for these changes, stating that they will provide much-needed relief for those who are struggling to make ends meet. A full breakdown of the payment changes can be found here, and for those who want to stay up to date with all the latest news, celebrity gossip, and sports updates, be sure to follow us on WhatsApp. Our channel offers a spam-free and secure way to stay informed.
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