Eligible pensioners will receive a one-off $4,000 boost to Work Bonus balances from 1 December, 2022.
However, on 2 September 2022 the Prime Minister announced that Age Pensioners will be able to earn an additional $4,000 in the 2022–23 financial year before it affects their pension.
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.
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.
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.
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.
Most people on a weekly social welfare payment will get a double payment in the week beginning 17 October 2022.
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.
The Bonus will be paid with your normal social welfare payment the week starting 5 December 2022. The Christmas Bonus is normally paid in one lump sum. However, if you are getting Illness Benefit, your Christmas Bonus may be paid over 2 weeks between Tuesday, 6 December 2022, and Friday, 23 December 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.
Budget October 2022-23
Eligible pensioners will get $4,000 credited to their Work Bonus balance from 1 December 2022. The maximum Work Bonus balance will increase from $7,800 to $11,800 until 30 June 2023. The Work Bonus concession of $300 per fortnight will remain unchanged.
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.
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.
Chancellor confirms triple-lock 10.1% increase in State Pensions from April 2023 - CSPA.
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.
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.
You do not need to claim the £10 Christmas Bonus - you should get it automatically. If you think you should get it, but do not receive it in December, contact the Jobcentre Plus office that deals with your payments or the Pension Service.
Social welfare double payments
Most people on a weekly social welfare payment got a double payment in the week beginning 17 October 2022. People getting Illness Benefit did not get a double payment. In addition, a double payment of Child Benefit was paid 1 November 2022.
What Date Will The 2022 Christmas Bonus Be Paid ? The Social Welfare Christmas bonus for weekly pensions and welfare benefits was paid out in the week between December 5th and December 9th 2022.
The latest change announced was a 3.1% rise which came in with the new tax year – starting on 6 April, 2022.
On 11 April 2022, UK benefits and state pension payments increased by just over three per cent.
To get the $250 one-off Cost of Living Payment you must be a Centrelink or Department of Veterans'Affairs customer. You must have been residing in Australia on 29 March 2022 and either: you were able to claim, or were getting an eligible payment. you were able to get, or had an eligible concession card.
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.
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.