More than five million Australians will receive a Centrelink -Boost next month, which will benefit job seekers, carers and people with disabilities.
Indexation of pensions and payments, including the age pension, support for disability pension and care payments, Commonwealth Rent Assistance, Jobseeker and Opvoedingbetingen, will put more money in the pockets of people from March.
The amount of the increase will be based on the highest inflation rate of a selection of measures, including the latest consumer price index and weekly wage changes, or the pensioner and beneficiary housing costs index for the age pension,
The indexed payments are determined twice a year, in September and March, to retain their value over time.
In September 2024, the age pension increased by $ 28.10 per two -another one, which brought the maximum rate to $ 1,144.40, while each member of a pair receives an extra $ 21.20 extra, a total of $ 1,725.20.
The support pension and care payment of the disability saw the same increases, with Singles received $ 1,144.40 and couples $ 862.60 per two weeks per two weeks.
Commonwealth Rental Assistance rose by 10 percent, with singles without children getting an extra $ 23, links an extra $ 21.80 and families with children an extra $ 27.02.
In the meantime, Jobseeker increased by $ 15.30 for singles without children and $ 16.30 for people with children, while those with a partial capacity to work saw a greater increase of $ 71.20.
Millions of Australians are in line for a much needed cost-of-life lighting with Centrelink payments that will be increased from next month
How it is calculated
The increase in 2.5 percent of the age pension was based on the average increase of 3 percent, the male income in the year to May and the increase in inflation by 2 percent in the quarters of March and June.
The age pension increase for March will not be known until the Australian Bureau of Statistics released average weekly ordinary times in profit data for November on 20 February.
The 2 percent increase in unemployment benefits in September was based on the 2 percent increase in the consumer price index in the quarters of March and June.
But inflation has since been moderated, which means that De Dole will only increase by 0.4 percent in March based on the CPI that rises by 0.2 percent in the quarters of September and December.
That means that Jobseeker will only increase by $ 3.11 to $ 781.11 on 20 March.
In September Minister of Social Services Amanda Rishworth said that the indexation rises would help Australians to struggle with the rising costs of living.
“Indexation, together with our budgetary measures, means maximum rates of the rental aid of the Commonwealth will have risen by around 45 percent since the Albanian government was chosen,” she said at the time.
“This indexing will deliver timely boosts to people who receive reimbursement payments and pensions, so that these vulnerable cohorts have more money in their pockets for daily costs.”
