Millions of Aussies to receive Centrelink payment boost in first round of 2023 ... trends now

More than 4.7million Australians are set to receive two major boosts to their Centrelink benefits, with the first to hit accounts this month. 

Welfare recipients will see an increase to their weekly income to help them cope with cost of living pressures. 

The increase is part of Centrelink's twice-yearly indexation - a means of adjusting welfare payments based on the rate of inflation - on March 20 and September 20.

Those on the pension, looking for work or studying will get a 3.7 per cent increase to their benefits in two weeks' time. 

This means Centrelink pensions and allowances have risen more than twice the annual rate of wages, when the 4 per cent boost in September, 2022 is included. 

The maximum fortnightly pension will jump to $1,064 for singles and $1,604 for couples from March 20.

Single disability pension recipients and carers will also receive an extra $37.50 a week bringing their fortnightly rate to $1,064.

Couples will get an extra $56.40 raising the fortnightly payment to $1,604.

JobSeeker and ABSTUDY payments will also be indexed by $24.70 bringing the fortnightly payment to $701.90 for single recipients aged over 22 with no children.

Parenting Payments will rise by $33.90 to $967.90 a fortnight for single parents.

Commonwealth Rent Assistance will increase by $5.60 for singles, $6.58 for recipients with two children, and another $7.42 for families with three or more kids.

The 3.7 per cent increase to welfare payments reflects headline inflation rising by 1.8 per cent in the September quarter and by 1.9 per cent in the December quarter.

Centrelink recipients can expect another adjustment on September 20 to reflect inflation over a six-month period, based on the two most recent quarters of Australian Bureau of Statistics data.