Hey there! Let’s talk about some good news coming your way. Starting March 20, 2025, Centrelink payments are getting a boost to help you keep up with the rising cost of living. Wondering if you’re eligible and when you’ll see the extra cash? Let’s dive in.
Who’s Getting the Increase?
If you’re receiving any of the following payments, you’re in luck:
- Age Pension – For those aged 67 and over who meet residency requirements and pass income and asset tests.
- JobSeeker Payment – If you’re between 22 and the Age Pension age, unemployed, and actively looking for work.
- Disability Support Pension – For individuals with a permanent physical, intellectual, or psychiatric condition that prevents work.
- Carer Payment – If you’re providing constant care to someone with a severe disability, illness, or who is frail aged.
- Parenting Payment – For principal carers of young children.
- Family Tax Benefit (Parts A & B) – Assists families with the cost of raising children.
How Much More Will You Get?
Here’s a quick look at the changes:
| Payment Type | Previous Fortnightly Rate | Increase Amount | New Fortnightly Rate |
|---|---|---|---|
| Age Pension (Single) | $1,144.40 | $4.60 | $1,149.00 |
| Age Pension (Couple, each) | $862.60 | $3.50 | $866.10 |
| JobSeeker (Single, no children) | $786.80 | $3.10 | $789.90 |
| Parenting Payment (Single) | $1,026.30 | $4.00 | $1,030.30 |
| Family Tax Benefit Part A | Varies per child | Up to $7.90 | Varies |
| Family Tax Benefit Part B | Varies | Up to $5.40 | Varies |
When Will You See the Extra Money?
The increased rates kick in from March 20, 2025. Your payment dates depend on your individual Centrelink schedule. For example, payments may be made on March 11 and March 25, depending on when your regular payments are scheduled.
Do You Need to Do Anything?
Nope! The increases will be automatically applied to your payments. Just keep an eye on your bank account after March 20 to see the boost.
Why the Increase?
The government adjusts these payments regularly to help you keep up with inflation and the rising cost of living. It’s their way of ensuring you have the support you need during these times.
Conclusion
These payment increases are designed to provide a bit more breathing room in your budget. Remember, there’s no need to apply; the extra funds will automatically land in your account after March 20, 2025. If you have questions or need more details, your myGov account or Services Australia are great places to start.
FAQs
Will the increase affect other benefits I receive?
Generally, no. These increases are standard adjustments and shouldn’t impact other benefits.
What if I don’t see the increase in my payment?
If the boost isn’t reflected after March 20, check your myGov account or contact Services Australia for assistance.
Are new applicants eligible for the increased rates?
Yes, if you apply and are approved after March 20, 2025, you’ll receive the new rates.
Will there be future increases?
Centrelink payments are reviewed regularly, so future adjustments are possible based on economic conditions.
Where can I find more information?
Visit the Services Australia website or log into your myGov account for detailed information.