From 20 September 2022 the maximum full Age Pension increases $38.90 per fortnight for a single person, and $58.80 a fortnight for a couple.
Eligible pensioners will receive a one-off $4,000 boost to Work Bonus balances from 1 December, 2022. The $4,000 bonus will lift the income cap lift from $7,800 to $11,800 for eligible pensioners.
So the rise instead was to be chosen between the CPI rate of inflation in the year to September 2021, which was 3.1% or the fixed 2.5%. This meant that the state pension increased by 3.1% at the start of this tax year in April 2022.
CSPA welcomes confirmation in the Chancellor's Autumn Statement that the State Pension triple-lock will be restored for the uprating due from April 2023. This means that the basic and new State Pension rates will increase by 10.1% reflecting the September increase in the Consumer Prices Index.
You may notice an increase to your Age Pension payment from 20 September 2022. This is the date the rates for Age Pension payment are adjusted. This happens twice a year, in March and again in September.
Latest Age Pension rates (from 20 September 2022)
From 20 September 2022 the maximum full Age Pension increases $38.90 per fortnight for a single person, and $58.80 a fortnight for a couple.
Most people on a weekly social welfare payment will get a double payment in the week beginning 17 October 2022.
Lower-income pensioners who claim pension credit will receive the money in addition to the £650 support for those on benefits. This means a small group of pensioners with disabilities will receive a total of £1,500.
DWP benefits that are linked to inflation rise by 10.1% in April 2023, as do the basic and new State Pension. Inflation-linked tax credit elements and benefits administered by HMRC are also expected to rise by 10.1%.
The latest change announced was a 3.1% rise which came in with the new tax year – starting on 6 April, 2022.
Seniors aged 75 and over will see an automatic 10% increase of their Old Age Security pension, as of July 2022.
The State Pension rose by 3.1% in April 2022, as confirmed in the Autumn 2021 Budget. This will affect you whether you're eligible for the new flat-rate State Pension, which was introduced in April 2016, or the older basic State Pension.
A cost of living support package has been put in place that includes one-off payments to those on income related benefits, disabled claimants and pensioners. These payments are intended to provide support to you with the current rise in the cost of living.
The government has announced when further Cost of Living Payments will be made between spring 2023 and spring 2024. These payments are: up to £900 for people on an eligible low income benefit. £300 for pensioner households.
The Christmas bonus 2022 is a one-off tax-free £10 payment paid to people who get certain benefits. Those eligible for the payment should expect to receive the money from the Department of Work and Pensions (DWP) before Christmas. Here is more information about the bonus.
Young people, carers and students will have their payments boosted by up to $20 a week in an effort to help ease rising cost of living pressures. The welfare payments will be indexed by just over six per cent, with Youth Allowance set to increase by between $19.10 and $41.40 a fortnight.
Means-tested benefits claimants, including those receiving Pension Credit, Universal Credit and tax credits, will receive £900 in 2023-24 to help with the rising cost of living.
When will I get the £300 discount? You'll get £300 boost from this month, the second payment announced yesterday will be paid in April 2023. For most pensioner households, they will be paid via a direct debit payment.
In the Autumn Statement given back in November, Chancellor Jeremy Hunt reinstated the triple lock, meaning the state pension will rise to match inflation - to 10.1 percent in April 2023.
Chancellor announces £300 fuel payment for pensioners and £400 energy discount for all households. Britons aged 65 and over are to be given an extra £300 winter fuel payment as part of the Chancellor's cost of living rescue package.
From 1 July 2022, for single pensioners, the pension income test free area is $190 a fortnight and for couples combined, it is $336 a fortnight. This means a single pensioner over Age Pension age with no other private income could earn up to $490 a fortnight from work and still receive the maximum rate of pension.
You can get up to $600 for each person you provide care for. You won't be eligible for Carer Supplement if you get Age Pension. But you will get Carer Supplement for each person you get Carer Allowance for.
Disability and illness payments
People getting Disability Allowance, Invalidity Pension or Blind Pension will get a once-off payment of €500 (November 2022).
Social welfare double payments
Most people on a weekly social welfare payment got a double payment in the week beginning 17 October 2022. People getting Illness Benefit did not get a double payment.
Living Alone Allowance claimants will get a one-off lump sum of €200 on November 14th. Working Family Payment claimants will get a €500 lump sum on November 14th 2022. There will be a credit of €600 on all household electricity bills. It will be three separate credits of €200 each in for November , January and March.