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.
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.
DWP benefits that are linked to inflation rise by 10.1% in April 2023, as do the basic and new State Pension. Inflation-linked tax credit elements and benefits administered by HMRC are also expected to rise by 10.1%.
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.
The temporary income bank top-up will increase the amount pensioners can earn in 2022–23 from $7,800 to $11,800, before their pension is reduced. This will assist pensioners who want to work, or work more hours, to do so to a greater extent before their benefits are impacted.
Most people on a weekly social welfare payment will get a double payment in the week beginning 17 October 2022.
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.
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.
Chancellor confirms triple-lock 10.1% increase in State Pensions from April 2023 - CSPA.
Pensioner households will receive an extra £300 Pensioner Cost of Living Payment this year to help them cover the rising cost of energy this winter. If you are entitled to a Winter Fuel Payment for winter 2022 to 2023, you will get this extra £300 paid with your normal payment from November 2022.
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.
It has been confirmed that the State Pensions and benefits will be increased by 3.1 percent next year.
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.
Almost 5 million Australians to get a boost to 2022 Centrelink payments. Almost 5 million Australians who get the Age Pension or other Centrelink payments will get a boost to their social security entitlements from 20 March.
The State Pension will rise by 10.1% from April 2023, in line with September 2022's inflation figure. This keeps the 'triple lock' on the State Pension that ensures it rises in line with the highest of; earnings, inflation, or 2.5%.
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.
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 government has committed to reinstating the triple lock for 2023-24. The move has understandably left many currently receiving the state pension confused as to what all of this actually means for their retirement income.
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.
The amount you'll get includes a 'Pensioner Cost of Living Payment'. This is between £150 and £300. You'll only get this extra amount in winter 2022 to 2023. This is in addition to any other Cost of Living Payments you get with your benefit or tax credits.
Currently (as at 1 April 2022) the grant is R1 980 per month. Over 75's receive an extra R20 for a total of R2 000. Although the grant is increased every year, the increases are minimal.
In April 2023 pensioners will receive an additional £300 on top of this year's payment. You will qualify if you were born on or before September 25, 1956, but it's not yet known whether households will qualify for the extra payment if they normally receive the Winter Fuel Payment.
Background. The 2020 ESP provides 2 payments of $750 to eligible payment recipients and concession card holders. These payments are intended to address economic impacts of the global coronavirus.
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.