A one-off $250 Cost of Living Payment will be paid to eligible recipients from the end of April 2022.
The government will provide $3.7 million in 2023–24 to extend the measure to provide age and veteran pensioners a once-off credit of $4,000 to their Work Bonus income bank and temporarily increase the maximum income bank until 31 December 2023.
Households will need to visit the comparison tool provided by Service NSW and will be eligible for the payment even if they don't switch plans. The program is set to run from July 1 to December 31, 2023. Aussies who compare providers now will still be eligible for the payment in July.
"The Australian Government is continuing to deliver tax relief, with a one-off payment of $250 to be made to eligible pensioners, welfare recipients, veterans and eligible concession card holders, to be paid automatically in April 2022," Mr Coleman said in his review of Budget 2022-2023.
Cost-of-living package in federal budget delivers $40-a-fortnight welfare boost and energy relief | Australian budget 2023 | The Guardian.
Introduction. 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 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.
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.
Centrelink Budget News: Federal Budget 9 May 2023
increase the base rate of working age and student payments (jobseeker etc) from 20 Sept 2023. energy relief payments for eligible Centrelink customers & card holders (no action is required; see note below)
Around 52,000 eligible recipients will receive an increase in their base rate of payment of $92.10 per fortnight. Payments will also continue to be automatically indexed to reflect changes in consumer prices.
The Order is currently linked to the Consumer Prices Index (CPI) and is based on CPI as at the previous September. CPI at September 2022 was 10.1% which means that your pension will increase by 10.1% from 10 April 2023.
Phone support: You can call 1800 000 VEC (832) to receive general support and assistance with the Victorian Energy Compare website and Power Saving Bonus program. If you don't have internet or computer access, the helpline will also support you to submit an application over the phone.
From 1 December 2022 to 31 December 2023, the Work Bonus balance increases from $7,800 to $11,800 – reverting back to $7,800 from 1 January 2024. Plus, a $4,000 Work Bonus increase was applied to all Work Bonus Income Bank balances on 1 December 2022 (up to a maximum of $11,800).
The Cost of Living Payment is a $250 one-off payment to help with the cost of living. The Cost of Living Payment is not taxable, and you don't need to report it as income.
Eligible staff who have worked part-time or casual arrangements will receive: One total payment being a pro rata amount, including superannuation and subject to income tax. Calculated on the average ordinary hours worked over the last 12 months (subject to a minimum threshold payment).
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.
Single age and disability pension recipients and carers will receive an increase of $37.50 a fortnight, and couples a combined $56.40. WATCH THE VIDEO ABOVE: NSW Coalition makes pitch to parents ahead of state election.
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.
A Pension Bonus can be accrued for a maximum of 5 years and cannot be accrued after the age of 75. However, work by a person after age 75 can accrue towards the bonus of a younger partner who has not accrued the maximum of 5 years. The Pension Bonus is paid when a person first claims and receives the Age Pension.
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.
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.
have a Pensioner Concession Card, (including those issued by the Department of Veterans' Affairs) (DVA) have a Health Care Card (including Low Income Health Care Card) have a DVA Gold Card. have a Commonwealth Seniors Health Card (including those issued by DVA)
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.