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 March 20. The maximum rate of the pension will go up to $1116.30 for singles and $1682.80 for couples each fortnight, when including the pension and energy supplements.
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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia's Richest Person Backs Trump, Haley Vows to Stay in RaceGina Rinehart, Australia's richest person, supports Donald Trump for the US presidency, while Nikki Haley vows to continue her campaign. Trump's victory in South Carolina raises concerns about party division.
Source: FinancialReview - 🏆 2. / 90 Read more »
Peter Dutton intervened to allow criminal to extend stay in AustraliaThen home affairs minister granted two-month visa despite his department finding the applicant ‘did not pass the character test’
Source: GuardianAus - 🏆 1. / 98 Read more »
More than seven million struggling Aussies hung up on by Centrelink7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsMelbourne - 🏆 18. / 59 Read more »
Government to pay out Youpla/ACBF customers after failed insurer made millions off Centrelink paymentsThousands of Australians who collectively lost millions of dollars to failed funeral insurer Youpla could now get some of their money back, under a newly announced government scheme.
Source: abcnews - 🏆 5. / 83 Read more »
Brain tumour patient had Centrelink payments suspended while in hospital recovering from surgeryAustralian Council of Social Service says ‘unconscionable’ case shows why mutual obligations system must be ‘replaced with a fair system’ for jobseekers
Source: GuardianAus - 🏆 1. / 98 Read more »
Professional baby namer says new parents choosing ‘cool’ names that sound good on TikTok or Instagram7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Source: 7NewsMelbourne - 🏆 18. / 59 Read more »