{"id":646138,"date":"2026-08-19T21:35:13","date_gmt":"2026-08-19T21:35:13","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/646138\/"},"modified":"2026-08-19T21:35:13","modified_gmt":"2026-08-19T21:35:13","slug":"centrelink-cash-boost-for-five-million-australians-on-age-pension-jobseeker-and-rent-assistance-as-indexation-kicks-in","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/646138\/","title":{"rendered":"Centrelink cash boost for five million Australians on Age Pension, JobSeeker and rent assistance as indexation kicks in"},"content":{"rendered":"

More than five million Australians are set to benefit from a September cash boost.<\/p>\n

Indexation to social security payments will deliver fortnightly increases of $36.80 for single people on an Age Pension and $55.60 for couples.<\/p>\n

This is the highest pension indexation since March 2023.<\/p>\n

Know the news with the 7NEWS app: Download today Arrow<\/a><\/p>\n

JobSeeker (up $16.20 for singles without children), Parenting Payments (up $20.90 for singles and $14.80 for partnered recipients), Youth Allowance for principal carers (up $20.90), and the ABSTUDY Living Allowance for singles over 22 (up $16.20) have been increased.<\/p>\n

Almost one million tenants will also benefit from higher rates of Commonwealth Rent Assistance.<\/p>\n

\u201cFrom September 20, an extra $4 billion of cost-of-living relief will begin to flow to over 5.3 million Australians,\u201d Social Services Minister Tanya Plibersek said.<\/p>\n

\u201cWhether it\u2019s paying the rent, putting food on the table or covering everyday bills, this extra support will help Australians on income support make ends meet.<\/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

\"MinisterMinister for Social Services Tanya Plibersek said cost-of-living relief will begin to flow to more than five million Australians from September 20. Credit: MICK TSIKAS\/AAPIMAGE<\/p>\n

Rates, thresholds and limits are updated twice a year to \u201cmaintain their value over time\u201d and ensure Australians are not left in a worse position by inflation.<\/p>\n

Most payments are indexed in accordance with shifts in the consumer price index.<\/p>\n

On top of the indexation increases, a recommendation from the Australian Government Actuary (AGA) to increase social security deeming rates has been accepted.<\/p>\n

Deeming rates are used to work out income from financial assets, and are a factor in determining eligibility for government payments.<\/p>\n

The deeming rate will be updated from 1.25 per cent to 1.75 per cent for financial assets up to $66,800 for singles and $110,600 for couples combined, with a rate of 3.75 per cent for any financial assets above the threshold, up from 3.25 per cent.<\/p>\n

\u201cA crucial component of the social security system, deeming provides a simple and fair way of assessing income from financial assets so that government support is directed to those who need it most,\u201d the government said.<\/p>\n

The new rate will be in effect from September 20.<\/p>\n

A full list of the updated payment rates can be found here<\/a>.<\/p>\n

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