Centrelink Payment increase – Financial Relief for Aussies

In 2024, Centrelink recipients will go through several updates to address the rising cost of living and ensuring financial support for millions of Australians. 

Increased Payments

The Australian government has announced major increases in various Centrelink payments to ease the financial burden on Australian citizens.

  • Aged Pension:
    • Increase amount per fortnight: Singles will receive an extra $19.60, while couples will get an additional $29.40.
    • Total new payment rates: Singles will receive $1,116.30 per fortnight, and couples will get $1,682.80.
  • Disability Support Pension:
    • Increase amount per fortnight: Singles will receive an extra $19.60, while couples will get an additional $29.40.
    • Total new payment rates: Singles will receive $1,116.30 per fortnight, and couples will get $1,682.80.
  • Carer Payment:
    • Increase amount per fortnight: Singles will receive an extra $19.60, while couples will get an additional $29.40.
    • Total new payment rates: Singles will receive $1,116.30 per fortnight, and couples will get $1,682.80.

JobSeeker and ABSTUDY Updates

Changes in JobSeeker and ABSTUDY payments are also part of the 2024 updates.

  • JobSeeker:
    • Increase amount: Singles with no children will receive an extra $13.50, while singles with children will get an additional $14.40.
    • New total payment rates: Singles with no children will receive $762.70 per fortnight, and singles with children will get $816.90.
  • ABSTUDY:
    • Increase amount: Those living at home and independent with no children will receive an extra $13.50.
    • New total payment rates: $762.70 per fortnight, with an additional energy supplement bringing it to $771.50.

Rent Assistance Changes

The updates also include changes to rent assistance to help with housing costs.

  • Rent Assistance:
    • Increase amount: Singles will receive an extra $3.40, singles sharing rent will get $2.27, and couples will receive an additional $3.40.
    • New total payment rates: Singles will get $188.20 per fortnight, singles sharing rent will receive $125.47, and couples will get $177.20.

Single and Partnered Parent Payments

Updates for single and partnered parent payments aim to provide more support for families.

  • Single Parents:
    • Increase amount per fortnight: An additional $17.50.
    • New total payment rates: $959.40 per fortnight, including supplements $999.70.
  • Partnered Parents:
    • Increase amount per fortnight: An additional $12.30.
    • New total payment rates: $698.30 per fortnight, including the energy supplement $706.20.

Eligibility Criteria Adjustments

Changes in eligibility criteria for various Centrelink payments will make more people eligible for support.

  • General Criteria:
    • Overview of new eligibility requirements, including income and asset tests.
  • Specific Payments:
    • Changes in criteria for specific payments like JobSeeker and ABSTUDY to ensure more people can receive assistance.

Impact of Regular Indexation

Regular indexation is important to ensure that Centrelink payments align with inflation rates.

  • Purpose:
    • Ensuring payments keep up with the rising cost of living.
  • Frequency:
    • Indexation occurs twice a year, in March and September, to adjust payments according to inflation rates.

Government’s Objective

The government’s primary objective with these updates is to support the most vulnerable in the community.

  • Assistance Goals:
    • Providing adequate financial support to those affected by the rising cost of living.
  • Social Services:
    • Social Services Minister Amanda Rishworth has emphasized that helping vulnerable Australians is a top priority.

Public Response and Opinions

Public feedback on the Centrelink updates has been mixed.

  • Positive Responses:
    • Some recipients appreciate the increases, acknowledging that any additional support is welcome.
  • Criticisms:
    • Others feel the increases are insufficient to cover the actual rise in living expenses.

Detailed Payment Schedules

A comprehensive look at the new payment schedules provides clarity on the updated amounts.

  • Aged Pension:
    • Detailed breakdown of the payment amounts before and after the increase.
  • Disability Support Pension:
    • Detailed breakdown of the payment amounts before and after the increase.
Payment TypeIncrease Amount (per fortnight)New Total (per fortnight)
Aged Pension (Singles)$19.60$1,116.30
Aged Pension (Couples)$29.40$1,682.80
Disability Support (Singles)$19.60$1,116.30
Disability Support (Couples)$29.40$1,682.80
Carer Payment (Singles)$19.60$1,116.30
Carer Payment (Couples)$29.40$1,682.80
JobSeeker (No children)$13.50$762.70
JobSeeker (With children)$14.40$816.90
ABSTUDY$13.50$771.50 (with supplement)
Rent Assistance (Singles)$3.40$188.20
Rent Assistance (Singles sharing)$2.27$125.47
Rent Assistance (Couples)$3.40$177.20

Comparison with Previous Years

YearAged Pension (Singles)Disability Support (Singles)Carer Payment (Singles)JobSeeker (No children)Rent Assistance (Singles)
2020$850.40$850.40$850.40$565.70$150.20
2021$880.20$880.20$880.20$585.00$160.00
2022$900.80$900.80$900.80$600.50$170.00
2023$1,096.70$1,096.70$1,096.70$749.20$184.80
2024$1,116.30$1,116.30$1,116.30$762.70$188.20

FAQs

What are the new Centrelink payment rates for 2024?

Singles will now receive $1,116.30 per fortnight, and couples will get $1,682.80.

How often are Centrelink payments indexed?

The updated rates for various Centrelink payments, including aged pension, disability support pension, and more, have been detailed in the sections above.

Who is eligible for the increased Centrelink payments in 2024?

Eligibility varies based on the specific payment type but generally includes adjustments to support more individuals. Updated criteria can be found on the Services Australia website.

The Centrelink Updates for 2024 aim to provide better financial support to millions of Australians by increasing payments for aged pensions, disability support pensions, carer payments, JobSeeker, and ABSTUDY. These updates address the rising cost of living with regular indexation, broader eligibility criteria, and targeted increases for specific groups like single parents and renters. While public response is mixed, these changes represent a significant step towards financial security for recipients. Staying informed about these updates, checking eligibility, and understanding the new payment schedules will help individuals receive the support they are entitled to in 2024. For more information, visit the Services Australia website.

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