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.
Single: $772.40 per fortnight (approximately $20,082 per year) – an increase of $29.70 per fortnight. Couple (each): $645.60 per fortnight (approximately $16,786 per year) – an increase of $24.80 per fortnight.
Pension members to receive up to 5.3% increase
Each year in October the amount of your State Super pension is adjusted to reflect the percentage movement in CPI from one June quarter to the next June quarter.
Around one million young people, carers and students are set to receive a boost to their social security payments when indexation increases take effect on 1 January 2023. Recipients of Youth Allowance will see the largest indexation increase to their payment since it began in 1998.
How much will the state pension be from April 2023? The state pension is set to increase by more than 10% in April 2023.
CPI for September was announced as 10.1% and while it is expected pensions will increase in line with this, it is not guaranteed.
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.
Most people on a weekly social welfare payment will get a double payment in the week beginning 17 October 2022.
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.
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.
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 latest change announced was a 3.1% rise which came in with the new tax year – starting on 6 April, 2022.
The Age Pension, Disability Support Pension and Carer Payment rates will increase by $20.10 to $987.60 a fortnight for a single person and by $30.20 to $1,488.80 a fortnight for a couple. The federal government is also increasing the asset test to allow more people access to a part pension.
The Board of Trustees declared a pension increase of 3.41% with effect from 1 January 2022.
The Government has provided two separate $750 payments to social security, veteran and other income support recipients and eligible concession card holders. Around half of those that benefit are pensioners.
Anyone who is eligible can receive £100-£300 each year. This year, the Government will give about eight million pensioners an extra £300, which is called the pensioner cost of living payment, to help with rising costs.
Chancellor confirms triple-lock 10.1% increase in State Pensions from April 2023 - CSPA.
So today, automatically, there's an extra $4,000 credited. "It means that pensioners over the next 12 months will be able to do extra work without having their pension affected." The increased Work Bonus income bank will be in place until December 31, 2023 and is available to pensioners over the age pension age.
The COVID-19 Disaster Payment is a one-off cash payment for a lockdown lasting at least seven days and each period of lockdown thereafter. Those who are missing out on less than 20 hours of work can receive $325. If they've lost more than 20 hours of work over the lockdown period, they're eligible for a $500 payment.
How and when do I get the DWP Christmas Bonus? You do not need to claim the payment, you should get it transferred automatically. All government benefits, pensions and allowances are usually paid into an account, eg. your bank account.
Disability and illness payments
People getting Disability Allowance, Invalidity Pension or Blind Pension will get a once-off payment of €500 (November 2022).
How much is it? The Christmas bonus is a one-off tax-free £10 payment made before December 25, paid to people who get certain benefits in the qualifying week.
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.
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. The exact dates when payments will be made are yet to be confirmed.
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.