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Millions of Aussies get more cash as pension and JobSeeker boosted from TODAY


More than five million Australians on the age pension, JobSeeker and other social security payments will now start getting more cash from the federal government after an increase to Centrelink payments.

The maximum single age pension rate was increased by $14.80 to $967.50 a fortnight on September 20. Couples will receive an extra $22.40 combined.

In the video above, Services Australia General Manager Hank Jongen discusses Centrelink support for parents

The boost has taken the annual pension paid for a single person to $25,155 and $37,923 for a couple.

JobSeeker and other allowances have also increased by up to $11.90 a fortnight and parenting payments as well as rent assistance have also been given a boost.

Pensioners and other social security recipients will soon receive more money from the federal government.
Pensioners and other social security recipients will soon receive more money from the federal government. Credit: Getty Images

Pensions and other payments are adjusted twice a year, linked to inflation.

This will be the largest increase since 2014, the government says.

“We are ensuring pensioners maintain their purchasing power in the economy, which is bouncing back strongly,” Social Services Minister Anne Ruston said last week.

“This change puts money in the pockets of all Australians who rely on our social security system and, in particular, older Australians.

Pensioners will soon receive more money from the federal government.
Pensioners will soon receive more money from the federal government. Credit: Getty

There are currently around 2.58 million Australians on the age pension, according to government figures.

756,000 people are on a disability support pension and 977,500 are receiving JobSeeker payments.



Read More:Millions of Aussies get more cash as pension and JobSeeker boosted from TODAY

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