Indexation puts more in the pockets of millions of Australians - DSS

Mar 4, 2024 · Indexation puts more in the pockets of millions of Australians . 4 March 2024. Around five million Australians will receive a boost to their social security payments when …

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More Than 4.7 Million Aussies To Receive Cash Boost This Month

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Mar 6, 2023 · More than 4.7 million Australians will receive a boost to their welfare payments this month to keep ... Indexation will bump assistance payments up by $5.60 a fortnight for singles …

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FAQs about Indexation puts more in the pockets of millions of Australians - DSS Coupon?

How much money will Australians get if indexation kicks in?

About five million Australians on social security payments will receive a cash boost when indexation kicks in later this month. People on the age pension, disability support pension and carer payment will receive an extra $19.60 a fortnight for singles and $29.40 for couples every two weeks, starting March 20. ...

How much does indexation cost a single recipient?

Parenting Payment Single recipients will also see an additional $17.50 a fortnight as a result of indexation, bringing their total fortnightly payment to $1,006.50, including Pension Supplement, Pharmaceutical Allowance and Energy Supplement. ...

How will indexation affect my Social Security payments in 2023?

Around one million young people, carers and students are set to receive a boost to their social security payments when indexation increases take effect on 1 January 2023. Recipients of Youth Allowance will see the largest indexation increase to their payment since it began in 1998. Youth and student payments will be indexed by 6.1 per cent. ...

How will indexation affect pensions & payments?

A range of pensions and payments will increase in the latest round of indexation – including Age Pension, Carer Payment and Commonwealth Rent Assistance recipients – delivering timely cost of living relief. ...

How does indexation affect JobSeeker Payment?

For a single recipient of JobSeeker Payment with no children, indexation will deliver a $15.30 increase, bringing their total fortnightly payment to $786.80 (including Energy Supplement). Since May 2022 the base rate of JobSeeker for a single person has increased by $135 per fortnight. This is an increase of 21 per cent since Labor was elected. ...

How does indexation affect student income support?

“Income free areas for student income support recipients will also benefit from indexation, meaning they are able to earn more before their payment is impacted.” ...