The Federal Government will provide a one- off, tax-exempt payment of $250 to eligible people including: pensioners, welfare recipients, veterans and concession card holders – to be paid automatically into their account.
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.
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.
Increase to working limits for pensioners
Age Pensioners will be able to earn an additional $4,000 this financial year without losing any of their pension.
The rates for a full Age Pension for Australian residents for the period 20 September 2022 to 19 March 2023 are listed below: Single: $1,026.50 per fortnight (approximately $26,689 per year) Couple (each): $773.80 per fortnight (approximately $20,119 per year)
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.
Since 2010, the state pension has increased in line with the triple lock commitment. This was suspended in 2022 but brought back in 2023 – much to the relief of pensioners.
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.
Most people on a weekly social welfare payment will get a double payment in the week beginning 17 October 2022.
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.
Chancellor confirms triple-lock 10.1% increase in State Pensions from April 2023 - CSPA.
From 1 July 2022, the deeming threshold for a single pensioner will be $56,400 (up from $53,600) and for couples the threshold will be $93,600 (up from $89,000). While these changes are incremental, they will result in real increases in pension payments.
Seniors aged 75 and over will see an automatic 10% increase of their Old Age Security pension, as of July 2022.
From 20 September 2022 the maximum full Age Pension increases $38.90 per fortnight for a single person, and $29.40 per person per fortnight for a couple.
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.
A 10 per cent increase to the Old Age Security (OAS) pension for seniors 75 years and older, which began in July 2022, and will provide more than $800 in new support to full pensioners over the first year, and increase benefits for more than three million seniors.
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.
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.
Anyone receiving the State Pension will get what's known as a Christmas bonus. The extra £10 cash is tax-free and usually paid just before Christmas.
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.
This means pensioners will be able to work more without losing out on their pension, either in short stints or over the course of a year. The maximum Work Bonus balance will increase from $7800 to $11,800. The changes are expected to remain in place until December 31, 2023.
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.
In the 2022 Autumn Statement, the Chancellor confirmed that the triple lock will be reinstated from April 2023. This means the State Pension will rise in line with September's inflation rate – 10.1% – in the 2023-24 tax year.
The CPI index for the year up to September 2022 was 10.1%, therefore an increase of 10.1% will apply to pensions in payment from 10 April 2023.