Pensioners are getting a bump to their fortnightly payments. Picture: Mark Brake \/ NewsWire <\/p>\n
Social security payments will rise across the board next month, with Australia\u2019s pensioners set to benefit the most.<\/p>\n
Welfare payments are indexed twice a year \u2013 once in March and once in September.<\/p>\n
The point is to make sure they keep pace – or at least try to – with changes in cost of living and wages.<\/p>\n
From September 20, people on the Age Pension, Disability Support Pension and Carer Payment will get up to $29.70 more in their fortnightly payments.<\/p>\n
While it might not go too far at the supermarket, it does mean those pensions have risen by almost $5000 since Labor won government in 2022.<\/p>\n
Pensioners are getting a bump to their fortnightly payments. Picture: Mark Brake \/ NewsWire <\/p>\n
Social Services Minister Tanya Plibersek said on Wednesday the Albanese government \u201cwants to help take the pressure off when it comes to cost of living\u201d.<\/p>\n
\u201cSocial security recipients are also benefiting from tax cuts, cheaper medicines, energy bill relief, cuts to student debt and a whole range of other cost-of-living measures we\u2019ve delivered since coming into government,\u201d she said in a statement.<\/p>\n
Social Services Minister Tanya Plibersek says Australia\u2019s \u201csocial security system must be grounded in fairness\u201d. Picture: Monique Harmer \/ NewsWire <\/p>\n
\u201cThe social security system must be grounded in fairness, which is why we adjust supports as the economy changes.<\/p>\n
\u201cWe\u2019ll continue to make sure the system is there to support those who need it most, ensuring that everyone can make ends meet and no one gets left behind.\u201d<\/p>\n
Indexation for pensions are based on a few different measures, including the Consumer Price Index and male total average weekly earnings.<\/p>\n
People receiving rent assistance, JobSeeker, ABSTUDY and parenting Payments are also getting a modest boost.<\/p>\n","protected":false},"excerpt":{"rendered":"Pensioners are getting a bump to their fortnightly payments. Picture: Mark Brake \/ NewsWire Social security payments will…\n","protected":false},"author":2,"featured_media":11201,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[79,2190,10518,18,19,17,10844,10846,5757,234,235,1078,10843,10845],"class_list":{"0":"post-11200","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-cost-of-living","10":"tag-disability-support-pension","11":"tag-eire","12":"tag-ie","13":"tag-ireland","14":"tag-mark-brake","15":"tag-newswire","16":"tag-pensioners","17":"tag-personal-finance","18":"tag-personalfinance","19":"tag-social-security","20":"tag-tanya-plibersek","21":"tag-welfare-payments"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/11200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=11200"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/11200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/11201"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=11200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=11200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=11200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}