Central Coast To Benefit Through Boost To Social Security Payments

Central Coast pensioners, those on Youth Allowance, JobSeeker and other social security payments will receive a boost through indexation.

From today, recipients of Age Pension, Disability Support Pension and Carer Payment will receive an increase of $19.60 a fortnight for singles and $29.40 a fortnight for couples combined.

Including Pension Supplement and Energy Supplement, the maximum rate of pension will be $1,116.30 a fortnight for singles, and $1,682.80 a fortnight for couples.

Commonwealth Rent Assistance, JobSeeker, Parenting Payment Single and ABSTUDY will also all be indexed.
Indexation on 20 March will see the single, without child rate of JobSeeker Payment and ABSTUDY (aged 22 and over) increase by $13.50 per fortnight, bringing the total fortnightly payment to $771.50, including Energy Supplement.

As a result of the $40 increase to working age and student payments announced in the 2023‑24 Budget, together with indexation, the single, without child rate of JobSeeker Payment has increased in nominal terms by $120 per fortnight, or 18.7 per cent, since Labor came to Government.

Each member of a couple on JobSeeker Payment, ABSTUDY (aged 22 and over) or Parenting Payment Partnered will benefit from an additional $12.30 per fortnight, with the fortnightly rate increasing to $706.20, including Energy Supplement.

Parenting Payment Single recipients will also see an additional $17.50 a fortnight as a result of indexation, bringing their total fortnightly payment to $1,006.50, including Pension Supplement, Pharmaceutical Allowance and Energy Supplement.