Cash boost for millions of Aussies as indexation kicks in
Millions of Australians are set to get a cash boost within weeks as the Services Australia payments are indexed on top of additional increases to Rent Assistance payments, with the changes coming into effect on September 20
The indexation will be applied to a range of pensions and payments including the Age Pension, Disability Support Pension and Carer Payments, Commonwealth Rent Assistance, JobSeeker, and Parenting Payments.
The indexation increases of up to $41.50 a fortnight will vary based on the payments.
Centrelink JobSeeker recipients will receive an extra $71.20 per fortnight.
“Single JobSeeker Payment recipients with an assessed partial capacity to work of 0 to 14 hours per week will move to the higher rate of JobSeeker, receiving $849.50 a fortnight,” the Department of Social Services said.
The maximum rates of Commonwealth Rent Assistance will be increased by 10 per cent.
For families with one or two children, he Rent Assistance fortnightly payment will increase by $27.02.
Single age pensioners will see an increase of $28.10 to their fortnightly payments, and recipients in a couple will receive a combined $42.40 increase to their payments.
The same increase will apply to the Disability Support Pension and Carer Payment.
Single recipients receiving the fortnightly Parenting Payment will receive a $19.80 increase, while single recipients without children will get a $15.30 boost.
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