More than five million Australians receiving any five of Centrelink's assistance payments will see extra cash come into their bank accounts from Friday.
More than five million Australia ns receiving any five of Centrelink 's assistance payments will see extra cash come into their bank accounts from Friday.
The boost happens twice a year - in March and September - due to indexation to allow social security payments to"maintain their value over time", the government states.More than five million Australians will receive a boost in their social security payments from today due to indexation. Picture: Quinn Rooney/Getty ImagesThe overall income increases from $1,116.30 to $1,144.40.The total fortnightly payment moves from $841.40 to $862.60.It will rise to $1,114.40 for singles and $862.
Families with one or two children will see an extra $27.02 a fortnight, while those will three kids or more get a boost of $30.52 every two weeks.
Commonwealth Rent Assistance Payments Disability Support Pension Australia Jobseeker Age Pension
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Millions of Aussies derailed by finance crises as savings shrinkMany Australians have less than $1000 in their savings - enough for even a moderate emergency to wipe them out.
Read more »
Legal firm eyes class action over heartburn drugs used by millions of AussiesDonna Johnstone is living with chronic kidney disease after taking a popular medication for reflux for 20 years.
Read more »
JobSeeker, age pension and Youth Allowance are among Centrelink payments increasing todayHere is the full list of payments increasing — and by how much — from September 20.
Read more »
‘At last’: Major change to Centrelink service centres allows recipients to skip the queue7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
'Confusing' labelling causing food wastage, extra cost for AussiesA third of all food in Australia is lost or thrown out every year, and the "confusion" around this issue is a major reason why.
Read more »
Aussies face ‘awfully tough’ Davis Cup task after big Demon blowAussies face ‘awfully tough’ Davis Cup task after big Demon blow
Read more »