Pensioners to receive $20 per fortnight boost to their payments — here are all the details


Some Centrelink recipients can expect an increase in their payments starting this Sunday, March 20.

Pensioners, including both the aged and disability support pension recipients, along with their carers, will receive a boost to their payments as the federal government seeks to cover rising inflation.

The boost means a $20.10 per fortnight increase for individuals to $987.60 and a $30.20 increase for couples combined at $1488.80.


Asset test limits will also receive a boost, allowing more Australians to access a part pension.

The move means the asset cap will rise by $6,750 to $599,750 for single homeowners, while a $10,000 boost to $901,500 for homeowner couples.

It was reported that almost five million people will benefit from the aforementioned payments.

However, Opposition Leader Anthony Albanese called out the government for being "out of touch", labelling the move as a "spin" to the situation.

“This government is so out of touch that they’re prepared to spin out there saying how well pensioners are going to be off,” he said.

“When they get to the supermarket to buy products they find that everything‘s gone up."

“The rise in the pension will not keep up with the costs of living. Pensioners are doing it really tough at the moment.”



Credit: YouTube/Sky News Australia


Meanwhile, Social Services Minister Anne Ruston described the boost in pension payments as "putting money in the pockets of all Australians who rely on our social security system”.

It was reported that other measures to alleviate the impacts of the post-pandemic economic recovery and the Ukraine-Russia conflict — which caused the tremendous hike in fuel prices — to the cost of living are being considered by the federal government.

Additionally, calls to increase the disability support pension by $100 per fortnight are being campaigned.

It was said that the current pension payments for disabled people are below the minimum wage of $1,545 per fortnight — in fact, even with the $100 increase, the total would only be $987.60, which is still way below the minimum.


Rent assist payments will also receive a “boost”, with singles getting an additional $3 per fortnight to $145.80, for families with up to two children an additional $3.50 to $171.50, and for families with three kids or more will receive an additional $3.92 to $193.62 next week. With increases so low, it’s hard to see how this is a “boost”.

gfgl8pm__Qs_ACrarW3ds8Ivb4CXbcythmIamg4UFIvrSbPBLrdbX-MMFVrAEUHAOjB9WrHS_LzEUFK3iun9SGKFHyz_0g3Foos9TNKq8rxv5W6x2IhlErM-YSaEockkxypfodM

The move was described as "putting money in the pockets of all Australians who rely on our social security system”. Credit: AAP/Julian Smith.

So, there you have it, folks! We encourage our members who are pensioners to check their accounts for additional funds.

In case you have received emails that are asking for your personal information so Centrelink can give you a refund or a boost, please check this article where we explained how scammers are using email accounts to disguise themselves as myGov employees and what you can do to avoid getting scammed.

Let us know in the comments below what you think about this new pension boost? Will it be enough at the rate in which the price of living is increasing?
 
Sponsored
Pensioners to receive $20 per fortnight boost to their payments — here are all the details

Some Centrelink recipients can expect an increase in their payments starting this Sunday, March 20.

Pensioners, including both the aged and disability support pension recipients, along with their carers, will receive a boost to their payments as the federal government seeks to cover rising inflation.

The boost means a $20.10 per fortnight increase for individuals to $987.60 and a $30.20 increase for couples combined at $1488.80.



Asset test limits will also receive a boost, allowing more Australians to access a part pension.

The move means the asset cap will rise by $6,750 to $599,750 for single homeowners, while a $10,000 boost to $901,500 for homeowner couples.

It was reported that almost five million people will benefit from the aforementioned payments.

However, Opposition Leader Anthony Albanese called out the government for being "out of touch", labelling the move as a "spin" to the situation.

“This government is so out of touch that they’re prepared to spin out there saying how well pensioners are going to be off,” he said.

“When they get to the supermarket to buy products they find that everything‘s gone up."

“The rise in the pension will not keep up with the costs of living. Pensioners are doing it really tough at the moment.”




Credit: YouTube/Sky News Australia


Meanwhile, Social Services Minister Anne Ruston described the boost in pension payments as "putting money in the pockets of all Australians who rely on our social security system”.

It was reported that other measures to alleviate the impacts of the post-pandemic economic recovery and the Ukraine-Russia conflict — which caused the tremendous hike in fuel prices — to the cost of living are being considered by the federal government.

Additionally, calls to increase the disability support pension by $100 per fortnight are being campaigned.

It was said that the current pension payments for disabled people are below the minimum wage of $1,545 per fortnight — in fact, even with the $100 increase, the total would only be $987.60, which is still way below the minimum.



Rent assist payments will also receive a “boost”, with singles getting an additional $3 per fortnight to $145.80, for families with up to two children an additional $3.50 to $171.50, and for families with three kids or more will receive an additional $3.92 to $193.62 next week. With increases so low, it’s hard to see how this is a “boost”.

gfgl8pm__Qs_ACrarW3ds8Ivb4CXbcythmIamg4UFIvrSbPBLrdbX-MMFVrAEUHAOjB9WrHS_LzEUFK3iun9SGKFHyz_0g3Foos9TNKq8rxv5W6x2IhlErM-YSaEockkxypfodM

The move was described as "putting money in the pockets of all Australians who rely on our social security system”. Credit: AAP/Julian Smith.

So, there you have it, folks! We encourage our members who are pensioners to check their accounts for additional funds.

In case you have received emails that are asking for your personal information so Centrelink can give you a refund or a boost, please check this article where we explained how scammers are using email accounts to disguise themselves as myGov employees and what you can do to avoid getting scammed.

Let us know in the comments below what you think about this new pension boost? Will it be enough at the rate in which the price of living is increasing?
 
The pension increase twice yearly has been far too low in past years however this new increase will certainly help but not cover all the new costs. The government has had the worst 3 years and has had to go into incredible debt to keep us afloat......there is only so much money to go around and I, for one am thankful for the increase and the pension as a whole. So many countries do not give much, if any help to it's people.
 
Pensioners to receive $20 per fortnight boost to their payments — here are all the details

Some Centrelink recipients can expect an increase in their payments starting this Sunday, March 20.

Pensioners, including both the aged and disability support pension recipients, along with their carers, will receive a boost to their payments as the federal government seeks to cover rising inflation.

The boost means a $20.10 per fortnight increase for individuals to $987.60 and a $30.20 increase for couples combined at $1488.80.



Asset test limits will also receive a boost, allowing more Australians to access a part pension.

The move means the asset cap will rise by $6,750 to $599,750 for single homeowners, while a $10,000 boost to $901,500 for homeowner couples.

It was reported that almost five million people will benefit from the aforementioned payments.

However, Opposition Leader Anthony Albanese called out the government for being "out of touch", labelling the move as a "spin" to the situation.

“This government is so out of touch that they’re prepared to spin out there saying how well pensioners are going to be off,” he said.

“When they get to the supermarket to buy products they find that everything‘s gone up."

“The rise in the pension will not keep up with the costs of living. Pensioners are doing it really tough at the moment.”




Credit: YouTube/Sky News Australia


Meanwhile, Social Services Minister Anne Ruston described the boost in pension payments as "putting money in the pockets of all Australians who rely on our social security system”.

It was reported that other measures to alleviate the impacts of the post-pandemic economic recovery and the Ukraine-Russia conflict — which caused the tremendous hike in fuel prices — to the cost of living are being considered by the federal government.

Additionally, calls to increase the disability support pension by $100 per fortnight are being campaigned.

It was said that the current pension payments for disabled people are below the minimum wage of $1,545 per fortnight — in fact, even with the $100 increase, the total would only be $987.60, which is still way below the minimum.



Rent assist payments will also receive a “boost”, with singles getting an additional $3 per fortnight to $145.80, for families with up to two children an additional $3.50 to $171.50, and for families with three kids or more will receive an additional $3.92 to $193.62 next week. With increases so low, it’s hard to see how this is a “boost”.

gfgl8pm__Qs_ACrarW3ds8Ivb4CXbcythmIamg4UFIvrSbPBLrdbX-MMFVrAEUHAOjB9WrHS_LzEUFK3iun9SGKFHyz_0g3Foos9TNKq8rxv5W6x2IhlErM-YSaEockkxypfodM

The move was described as "putting money in the pockets of all Australians who rely on our social security system”. Credit: AAP/Julian Smith.

So, there you have it, folks! We encourage our members who are pensioners to check their accounts for additional funds.

In case you have received emails that are asking for your personal information so Centrelink can give you a refund or a boost, please check this article where we explained how scammers are using email accounts to disguise themselves as myGov employees and what you can do to avoid getting scammed.

Let us know in the comments below what you think about this new pension boost? Will it be enough at the rate in which the price of living is increasing?

Unfortunately this isn’t going to help me much! 10.00 a week! I have to be very careful when I do my weekly shopping now!
 
No it’s not enough unfortunately. Reports say money will be in your account tomorrow, next week but unfortunately again not correct. I contacted centrelink as this payment is not reflected in my forthcoming payment next. C’link said April as the time it was announced for receivable is not a full payment period. Mine won’t be until 5 April. I wish they wouldn’t get peoples hopes up ….
 
Pensioners to receive $20 per fortnight boost to their payments — here are all the details

Some Centrelink recipients can expect an increase in their payments starting this Sunday, March 20.

Pensioners, including both the aged and disability support pension recipients, along with their carers, will receive a boost to their payments as the federal government seeks to cover rising inflation.

The boost means a $20.10 per fortnight increase for individuals to $987.60 and a $30.20 increase for couples combined at $1488.80.



Asset test limits will also receive a boost, allowing more Australians to access a part pension.

The move means the asset cap will rise by $6,750 to $599,750 for single homeowners, while a $10,000 boost to $901,500 for homeowner couples.

It was reported that almost five million people will benefit from the aforementioned payments.

However, Opposition Leader Anthony Albanese called out the government for being "out of touch", labelling the move as a "spin" to the situation.

“This government is so out of touch that they’re prepared to spin out there saying how well pensioners are going to be off,” he said.

“When they get to the supermarket to buy products they find that everything‘s gone up."

“The rise in the pension will not keep up with the costs of living. Pensioners are doing it really tough at the moment.”




Credit: YouTube/Sky News Australia


Meanwhile, Social Services Minister Anne Ruston described the boost in pension payments as "putting money in the pockets of all Australians who rely on our social security system”.

It was reported that other measures to alleviate the impacts of the post-pandemic economic recovery and the Ukraine-Russia conflict — which caused the tremendous hike in fuel prices — to the cost of living are being considered by the federal government.

Additionally, calls to increase the disability support pension by $100 per fortnight are being campaigned.

It was said that the current pension payments for disabled people are below the minimum wage of $1,545 per fortnight — in fact, even with the $100 increase, the total would only be $987.60, which is still way below the minimum.



Rent assist payments will also receive a “boost”, with singles getting an additional $3 per fortnight to $145.80, for families with up to two children an additional $3.50 to $171.50, and for families with three kids or more will receive an additional $3.92 to $193.62 next week. With increases so low, it’s hard to see how this is a “boost”.

gfgl8pm__Qs_ACrarW3ds8Ivb4CXbcythmIamg4UFIvrSbPBLrdbX-MMFVrAEUHAOjB9WrHS_LzEUFK3iun9SGKFHyz_0g3Foos9TNKq8rxv5W6x2IhlErM-YSaEockkxypfodM

The move was described as "putting money in the pockets of all Australians who rely on our social security system”. Credit: AAP/Julian Smith.

So, there you have it, folks! We encourage our members who are pensioners to check their accounts for additional funds.

In case you have received emails that are asking for your personal information so Centrelink can give you a refund or a boost, please check this article where we explained how scammers are using email accounts to disguise themselves as myGov employees and what you can do to avoid getting scammed.

Let us know in the comments below what you think about this new pension boost? Will it be enough at the rate in which the price of living is increasing?

Definitely not enough. Considering the cost of grocery items and petrol, $20 will nowhere near cover these price hikes. Also would our very kind, considerate (ha ha) politicians be happy with a$20 pay rise?
 
I am grateful for any increase. However I do think the rent assistance is an absolute joke! Is the PM aware of the rental crisis in Queensland???, which will only become worse since the floods.
 
It was announced very recently that Mayors are to receive an immediate 8% pay rise, and local councillors will too.
By 2025, they will receive a further 12% rise.
Wouldn't you think they'd do the honourable thing and say, "No thank you, we know our pensioners are doing it tough, so out of respect, we will decline our raise this year.
We know the Australian economy is going to be tough for some time to come, so we will decline the 2025 raise, too!"
NO....we are not going to hear that, are we?
 
A good test for politicians to decide an appropriate increase to the pension is to spend at least 6mths in our shoes with no other income coming in to see how they can survive paying rent/mortgage, food, petrol and utility bills. Their pay packets are so grossly over the top that they are out of touch with the cost of living for the normal families who are struggling to just pay rent let alone other survival necessities.
 
I don’t know how people live on the pension if they have to pay rent or a mortgage. Having finished paying off our mortgage, my husband and live comfortably on our combined pension. However, I dread to think about how we would manage if we were paying rent.
 
  • Like
Reactions: Ezzy, Ricci and Dot
I don’t know how people live on the pension if they have to pay rent or a mortgage. Having finished paying off our mortgage, my husband and live comfortably on our combined pension. However, I dread to think about how we would manage if we were paying rent.
In the same position as you....we are both 80 and don't have many needs so manage quite well.
 
  • Like
Reactions: Ezzy and Ricci
We are grateful for any increase! but I think it would be much better if the GST was dropped off pensioners which would relieve our cost of living dramatically and the Government wouldn't have to budget for extra money for the pensioners.
 
Pensioners to receive $20 per fortnight boost to their payments — here are all the details

Some Centrelink recipients can expect an increase in their payments starting this Sunday, March 20.

Pensioners, including both the aged and disability support pension recipients, along with their carers, will receive a boost to their payments as the federal government seeks to cover rising inflation.

The boost means a $20.10 per fortnight increase for individuals to $987.60 and a $30.20 increase for couples combined at $1488.80.



Asset test limits will also receive a boost, allowing more Australians to access a part pension.

The move means the asset cap will rise by $6,750 to $599,750 for single homeowners, while a $10,000 boost to $901,500 for homeowner couples.

It was reported that almost five million people will benefit from the aforementioned payments.

However, Opposition Leader Anthony Albanese called out the government for being "out of touch", labelling the move as a "spin" to the situation.

“This government is so out of touch that they’re prepared to spin out there saying how well pensioners are going to be off,” he said.

“When they get to the supermarket to buy products they find that everything‘s gone up."

“The rise in the pension will not keep up with the costs of living. Pensioners are doing it really tough at the moment.”




Credit: YouTube/Sky News Australia


Meanwhile, Social Services Minister Anne Ruston described the boost in pension payments as "putting money in the pockets of all Australians who rely on our social security system”.

It was reported that other measures to alleviate the impacts of the post-pandemic economic recovery and the Ukraine-Russia conflict — which caused the tremendous hike in fuel prices — to the cost of living are being considered by the federal government.

Additionally, calls to increase the disability support pension by $100 per fortnight are being campaigned.

It was said that the current pension payments for disabled people are below the minimum wage of $1,545 per fortnight — in fact, even with the $100 increase, the total would only be $987.60, which is still way below the minimum.



Rent assist payments will also receive a “boost”, with singles getting an additional $3 per fortnight to $145.80, for families with up to two children an additional $3.50 to $171.50, and for families with three kids or more will receive an additional $3.92 to $193.62 next week. With increases so low, it’s hard to see how this is a “boost”.

gfgl8pm__Qs_ACrarW3ds8Ivb4CXbcythmIamg4UFIvrSbPBLrdbX-MMFVrAEUHAOjB9WrHS_LzEUFK3iun9SGKFHyz_0g3Foos9TNKq8rxv5W6x2IhlErM-YSaEockkxypfodM

The move was described as "putting money in the pockets of all Australians who rely on our social security system”. Credit: AAP/Julian Smith.

So, there you have it, folks! We encourage our members who are pensioners to check their accounts for additional funds.

In case you have received emails that are asking for your personal information so Centrelink can give you a refund or a boost, please check this article where we explained how scammers are using email accounts to disguise themselves as myGov employees and what you can do to avoid getting scammed.

Let us know in the comments below what you think about this new pension boost? Will it be enough at the rate in which the price of living is increasing?

The increase is well due however it will do little to help with the cost of every thing going up!!!!!!!!!!!
 
  • Like
Reactions: Ezzy and Ricci

Join the conversation

News, deals, games, and bargains for Aussies over 60. From everyday expenses like groceries and eating out, to electronics, fashion and travel, the club is all about helping you make your money go further.

Seniors Discount Club

The SDC searches for the best deals, discounts, and bargains for Aussies over 60. From everyday expenses like groceries and eating out, to electronics, fashion and travel, the club is all about helping you make your money go further.
  1. New members
  2. Jokes & fun
  3. Photography
  4. Nostalgia / Yesterday's Australia
  5. Food and Lifestyle
  6. Money Saving Hacks
  7. Offtopic / Everything else
  • We believe that retirement should be a time to relax and enjoy life, not worry about money. That's why we're here to help our members make the most of their retirement years. If you're over 60 and looking for ways to save money, connect with others, and have a laugh, we’d love to have you aboard.
  • Advertise with us

User Menu

Enjoyed Reading our Story?

  • Share this forum to your loved ones.
Change Weather Postcode×
Change Petrol Postcode×