Millions of Australians are about to receive a much-needed Centrelink cash boost. From September 20, several welfare payments including the Age Pension, JobSeeker, Parenting Payment, and Commonwealth Rent Assistance will increase.
These twice-yearly payment rises are tied to inflation indexation, ensuring support payments keep up with the rising cost of living.
Let’s break down what this means, how much extra you’ll receive, and what other changes are coming.
Why Are Centrelink Payments Increasing?
Twice a year – in March and September – Centrelink adjusts payments to reflect changes in the Consumer Price Index (CPI) and wages.
This ensures recipients don’t fall behind when essential costs like food, rent, and healthcare rise.
As Social Services Minister Tanya Plibersek explained:
“The social security system must be grounded in fairness, which is why we adjust supports as the economy changes.”
Who Will Benefit from the September 20 Increase?
The following Centrelink payments will rise:
- Age Pension
- JobSeeker Payment
- ABSTUDY
- Parenting Payment
- Youth Allowance
- Commonwealth Rent Assistance
- Disability Support Pension
- Carer Payment
New Centrelink Payment Rates (From September 20,
Here’s a simple breakdown of the increases:
| Payment Type | Current Rate (Fortnightly) | New Rate (Fortnightly) | Increase |
|---|---|---|---|
| Age Pension (single) | $1,149.00 | $1,178.70 | +$29.70 |
| Age Pension (partnered, each) | $866.10 | $888.50 | +$22.40 |
| JobSeeker (single, 22+) | $781.10 | $793.60 | +$12.50 |
| JobSeeker (partnered, each) | $715.10 | $726.50 | +$11.40 |
| Parenting Payment (single) | $1,023.50 | $1,039.70 | +$16.20 |
| Parenting Payment (partnered, each) | $722.90 | $734.30 | +$11.40 |
| Youth Allowance (single, away from home) | $1,011.50 | $1,027.70 | +$16.20 |
| Rent Assistance (single max) | $212.00 | $215.40 | +$3.40 |
| Rent Assistance (couple max) | $199.80 | $203.00 | +$3.20 |
Note: Figures include supplements such as the Energy Supplement and Pension Supplement where applicable.
Other Key Changes for Age Pensioners
1. Deeming Rates Unfrozen
For the first time in years, deeming rates will rise:
- Lower rate: 0.25% → 0.75%
- Higher rate: 2.25% → 2.75%
This impacts how Centrelink calculates income from investments, potentially reducing Age Pension eligibility for some.
2. Income & Asset Thresholds Increased
- Single income cut-off: $2,575.40 (up $59.40)
- Couple income cut-off: $3,934.00 (up $89.60)
- Asset test thresholds also increase by $10,000–$15,000, giving pensioners a little more financial room.
3. Expanded Health Card Access
Singles earning below $101,105 and couples earning below $161,768 may now qualify for the Commonwealth Seniors Health Card, giving discounts on prescriptions and medical services.
Why This Matters
Council on the Ageing (COTA) CEO Patricia Sparrow welcomed the changes:
“The idea that all older Australians are wealthy is a myth. Over one in four live in poverty. An extra $29.70 a fortnight will bring real relief.”
With rent, energy, and grocery prices still climbing, even a modest increase can make a big difference.
FAQs on the September 2024 Centrelink Increase
1. When will the new payments arrive?
The new rates take effect from September 20, 2024. Payments will flow into accounts from that date depending on your regular schedule.
2. Do I need to apply for the increase?
No. Indexation is automatic. If you are already receiving payments, the increase will be applied to your next eligible payment.
3. Will everyone on JobSeeker or Age Pension get more?
Yes, but the exact amount depends on your circumstances (single, partnered, supplements, and rent assistance eligibility).
4. How do deeming rate changes affect me?
If you have savings or investments, Centrelink assumes they earn a certain return. With deeming rates going up, some pensioners may see their payments slightly reduced.
5. Can I get extra help if I’m still struggling?
Yes. You may qualify for rent assistance, energy rebates, or concession cards. Contact Centrelink or check your myGov account for tailored support.
Final Thoughts
The September 20 Centrelink increase is one of the biggest adjustments in recent years, especially for Age Pensioners. While it may not cover all rising costs, it does provide extra breathing space for millions of Australians.