Centrelink recipients will notice their payments will go up slightly from this week. Numerous social security payments get indexed twice a year in March and September to keep pace with inflation.
Payments like JobSeeker, the Age Pension, and Commonwealth Rent Assistance will all go up on Thursday, March 20. Social Services minister Amanda Rishworth said the small boost would hopefully help recipients battle against the cost-of-living crisis.
“Indexation is a critical part of our social security safety net,” she said. “For pensioners and other payment recipients receiving this financial boost, this will help ease some pressure.”
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How much is my Centrelink payment increasing by on March 20?
JobSeeker
The government has declared that a single person on JobSeeker will receive an extra $3.10 per fortnight, taking their total to $781.10.
Couples will receive an additional $2.80 from Thursday, which will take their fortnightly payment to $715.10.
Over the course of a year, JobSeekers will receive an extra $72.80 to $80.60.
Their energy supplement of $8.80 will remain the same.
More than 850,000 are on the payment designed to help Aussies get by while they look for a job and it's the second-largest payment after the Age Pension.
Age Pension, Disability Support Pension and Carer Payment
The maximum single rate of pension for those on the Age Pension, Disability Support Pension and Carer Payment will increase by $4.60 to $1,149 a fortnight.
For partnered pensioners, the maximum rate of pension will increase by $3.50 to $866.10 a fortnight, or by $7 ($3.50 per person) to $1,732.20 a fortnight for pensioner couples combined.
These figures both take into account the Pension Supplement and Energy Supplement.
"We've spent the past three years strengthening our social security system, so that it helps Australians at whatever age or stage they're at in life," Rishworth said.
Other Centrelink payments
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ABSTUDY: is going up between $2.80 to $3.30 per fortnight
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Parenting payment: between $2.80 to $4.30
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Rent Assistance: between $0.50 to $1.12
The full list of payment changes and income limits can be found here.
Centrelink changes being introduced in March
JobSeeker compliance changes
Fewer JobSeeker recipients will be cut off from this month.