Centrelink cash boost to hit accounts this week: 'Critical'

Centrelink sign next to money
Centrelink recipients will see an increase in their payments from March 20. (Source: AAP/Facebook)

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.”

If you receive these payments and want to tell your story? Email stew.perrie@yahooinc.com

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

  • ABSTUDY: is going up between $2.80 to $3.30 per fortnight

  • Parenting payment: between $2.80 to $4.30

  • Rent Assistance: between $0.50 to $1.12

The full list of payment changes and income limits can be found here.

Centrelink
Centrelink payments will be going up from this week by a few dollars to keep pace with inflation. (Source: Getty)

JobSeeker compliance changes

Fewer JobSeeker recipients will be cut off from this month.