Centrelink boost: JobSeeker, pensions, Youth Allowance increase trends now
Millions of Australians are in line for some much needed cost-of-living relief with Centrelink payments to be increased tomorrow.
The boost is worth billions of dollars and will help Aussies who rely on payments such as Austudy, the pension and JobSeeker.
The increase will be a result of indexation, which occurs twice every year in March and September, and ensures payments keep up with inflation.
Millions of Australians are in line for some much needed cost-of-living relief with Centrelink payments to be increased tomorrow
Single parents will no longer be cut off from government assistance after their youngest child turns eight, with the sole parenting payment to now continue until that child is 14.
This will benefit around 57,000 families by an extra $176.90 a fortnight and is part of the largest set of permanent increases (outside the Covid pandemic) in 14 years.
The single pension rate will increase by $32.70 to $1,096.70 a fortnight, and the rate for couples combined will increase by $49.40 to $1653.40.
Jobseeker payments will increase by $56.10 a fortnight to $749.20 for single people aged 22 or more with no children, and by $57.30 a fortnight for those with children to $802.50.
In a measure included in May's federal budget, single people aged 55 or over will also have payments increased to $802.50 after nine months of unemployment.
Those on a partnered rate of JobSeeker and Parenting Payment will be on a payment rate of $686 from September 20 - a $54.80 increase.
There are also increases for younger people, with the Youth allowance and Austudy payments will increase by $40.
With rent continuing to rise across the country, rent assistance for singles will have maximum payments increase to $184.80 a fortnight, while partnered people will see theirs increase to $174.
While the latest Australian Bureau of Statistics data indicates inflation is moderating - up 4.9 per cent in the year to July but down from 5.4 per cent the month prior - Treasurer Jim Chalmers said people across the country were 'under the pump'.
Speaking earlier this month, Dr Chalmers said the measures -