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Australians on social security are set to receive more money in their pockets when payments are indexed.
Those on the age pension, disability support pension and carer payment will pocket an extra $19.60 for singles and $29.40 for couples combined each fortnight, come 20 March.
The maximum rate of the pension will go up to $1,116.30 for singles and $1,682.80 for couples each fortnight, when including the pension and energy supplements.
People on rent assistance, JobSeeker, single parenting payments and ABSTUDY will also receive an uptick in their payments.
An extra 77,000 parents are on a higher payment rate after eligibility was expanded to cover parents with a youngest child under 14 instead of eight in the last budget.
The single parenting payment will go up by $17.50 a fortnight.
Single JobSeeker recipients with no kids, and people over 22 on ABSTUDY, will get an extra $13.50 per fortnight.
Each member of a couple will get an additional $12.30 per fortnight.
Income and assets limits for the payments will also be increased in line with indexation on 20 March.
Federal Minister for Social Services Amanda Rishworth. Source: AAP / Bianca De Marchi
Indexation is an important measure to ensure welfare recipients have more money in their pockets, Social Services Minister Amanda Rishworth said.
“Our number one priority is addressing inflation and cost of living pressures,” she said.
“Pension recipients are some of the most vulnerable members of our communities, many having worked all their lives contributing to our society or caring for a loved one.”
The complete list of payments increasing on 20 March 2024, including income and asset limits, can be found on the .
