Australia. Five Million Pensioners And Jobseekers To Receive An Increase On Payments
Five million Australians will benefit from the largest increase in social security payments since 2013.
Centrelink adjusts the maximum pension payment twice a year – in both March and September, to ensure payments to those in need are at the standard of rising costs.
From 20 March 2022, the new increase will see a 2.1 percent raise for those on the Age Pension, Disability Support Pension and Carer Pension, resulting in a $20.10 boost per fortnight for singles and $30.20 a fortnight for couples, bringing the total payments to $987.60 and $1,488.80 respectively.
In addition to this boost, Centrelink has also adjusted the thresholds for assets tests.
For singles, the threshold has increased by $6,750 to $599,750 for homeowners and $816,250 for non-homeowners.
For couples (combined), there has been a threshold increase by $10,000 to $901,500 for homeowners and $1,118,000 for non-homeowners.
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