Welfare boost for 4.8 million Australians

Single pensioners will soon receive an extra $8.70 a fortnight and couples will pocket an additional $13.20 following a twice-yearly change to indexation rates.

Unemployed Australians will take home about $2 more each week, while parenting payments will also rise by about $3 per week.

Rent assistance rates will also increase from September 20, as will a range of income and asset test limits for various payments including the age pension.

Welfare rates are raised every six months to help people handle increases in living costs.

Pensions are linked to prices and wages, while welfare allowances are tied to the consumer price index.

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