The £300 payment will be made on top of Winter Fuel payments, which in late 2022 were made to nearly every pensioner who turned 66 born before September 26, 2022. In winter 2023/2024, the Winter Fuel and Cost of Living Payments are expected to be made to those who reach the state pension age before September 25, 2023.
A one-off payment of $250 will be made to individuals who are currently in receipt of Australian government social security payments, including pensions, to ease cost of living pressures. A single Paid Parental Leave scheme of up to 20 weeks paid leave will replace the existing system of 2 separate payments.
A one-off $250 Cost of Living Payment will be paid to eligible recipients from the end of April 2022.
The Work Bonus income bank is useful for pensioners who wish to work, particularly those who undertake intermittent or occasional work. Note: from 1 December 2022 to 31 December 2023, a one-off, temporary credit of $4,000 applies to Work Bonus income bank balances.
If you're a pensioner currently receiving support through Centrelink, you may be eligible for extra help with bills and medicine costs through the Pension Supplement. This supplement is a combined payment of Pharmaceutical Allowance, Utilities Allowance, GST Supplement and Telephone Allowance.
The payment rates for Age Pension, Carer Payment and Disability Support Pension are increasing from 20 March 2023. Age Pension, Carer Payment and Disability Support Pension will increase by $37.50 a fortnight for singles and $56.40 a fortnight for couples combined.
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. The tables below provide more detail in terms of the latest increase and how the Age Pension is broken down.
From 1 December 2022 to 31 December 2023, your maximum Work Bonus balance limit increases from $7,800 to $11,800. This will reset to $7,800 on 1 January 2024. You'll also get a one-off increase of $4,000 to your Work Bonus balance during this period. Work Bonus is not money you can draw on to use for other things.
The Government announced on 1 February 2022 that an aged care workforce bonus of up to $800 will be paid to eligible aged care staff in Government subsidised home care and residential care.
In the first week after this vaccination rate was reached, a $450 payment rate would apply for those who had lost eight or more hours of work (or a full day of their usual hours per week) except for those on income support who could receive a rate of $100.
From 20 March 2023, some veterans and their families will receive an increase to their pension payments in line with increases in the cost of living. You don't have to do anything to receive the increase, it will be automatically included in your next payment.
Labor has said it will give $250, to be matched by another $250 from the federal government, to concession card holders, Family Tax Benefit recipients and self-funded retirees with a Commonwealth Seniors Health Card.
The Cost of Living Payment is a one-off payment of $250. You'll only get one Cost of Living Payment, even if you were getting more than one eligible payment or concession card. It's not taxable. You don't need to report it as income.
To get the $250 one-off Cost of Living Payment you must be a Centrelink or Department of Veterans'Affairs customer. You must have been residing in Australia on 29 March 2022 and either: you were able to claim, or were getting an eligible payment. you were able to get, or had an eligible concession card.
You can get the Work Bonus if both of these apply to you. You: are Age Pension age and over. get Age Pension, Carer Payment or Disability Support Pension.
Pensioners To Receive $4,000 Boost To Centrelink Payments Until December 2023.
If you're moving from a regional or remote area for tertiary study, you could get a one-off payment up to $5000. The Tertiary Access Payment helps with the cost of moving for study after year 12.
NSW households will receive a $250 cost-of-living payment for comparing energy providers, if the Coalition is re-elected in March. Premier Dominic Perrottet said households would be able to get the payment by comparing energy plans on the Service NSW website and the payment could then be put towards energy bills.
Families and individuals who use the Service NSW website to check if their energy company's rate is competitive will receive a one-off $250 payment they can use towards their energy bills, The Daily Telegraph reports.
The Carer Supplement is an annual payment of $600 which is attached to each Carer Allowance. The Supplement is paid in July each year.
The payments will be indexed, rising just over 6 per cent. This means the Youth Allowance rate will go up by at least $19 a fortnight. Austudy will increase by between $32.40 and $41.40 per fortnight, and those under the age of 21 on the Disability Support Pension will receive an extra $27.40 to $40.70 a fortnight.
Each member of a couple in receipt of Jobseeker or ABSTUDY payments will receive a cash boost of $45 per fortnight, which will bring each person's total payment to $639.10. Social Services Minister Amanda Rishworth said the federal government is doing what it can to support Australians who are “feeling the pinch”.
A pensioner can earn up to $33,000 before paying tax in Australia, if single, or $30,500 if a member of a couple. This is calculated using the tax-free threshold of $18,200, plus being eligible for the Low Income Tax Offset and the Seniors and Pensioners Tax Offset (SAPTO).