Economic Challenges Leading to a Proposed Pension Increase
The cost of living and inflation rate are at 0.6%, as such, the Australian government is looking to raise the pension by $28 for 2024. This is due to increase for those who depend on disability support facing financial challenges due to the present money living standards.
Proposed $28 Pensions Old Age Increase 2024
Older people Australia-wide will benefit from the pension increase. Actually, most old people in Australia even after the many changes to pensions are still far from meeting the baselines. Reports which suggest a $28 wage increase in pensions are yet to be confirmed by Centrelink.
Who Qualifies for the $28 Centrelink Old Age Pension Increase?
- Age Eligibility: Applicants must be above 60 years.
- Australia Residence Requirement: Permanent residents who were in Australia when the funds were paid.
- Immigration Requirement: It should have been more than 10 years of residing in Australia for the non-residents to receive the increase.
Who is Eligible?
- Program: $28 Centrelink Age Pension Increase 2024
- Administered by: Services Australia
- Eligible For: Permanent residents at 60+
- Pay Date:
- Country Applicable In: Australia
- Category: Finance
- Official Website: www.servicesaustralia.gov
How to Apply for $28 Age Pension Increase Payment
- Go to website: servicesaustralia.gov.au.
- Sign in or sign up for a MyGov account.
- Link your MyGov account to Australian services.
- Choose “Application form.”
- Complete all fields and attach attachments if required.
- Preview and submit your application.
Centrelink Age Pension Payment Amount 2024
The pension amount is indexed to the Consumer Price Index. Here find the maximum fortnightly amount for eligible recipients:
| Category | One Person | One Couple (Each) | Combined Couple | Separated Couples (Illness) |
| Highest Pension Rates | $1,020.60 | $769.30 | $1,538.60 | $1,020.60 |
| Maximum Pension Supplement | $81.40 | $61.50 | $123.00 | $81.40 |
| Energy Supplement | $14.10 | $10.60 | $21.20 | $14.10 |
| Total | $1,116.30 | $841.40 | $1,682.80 | $1,116.30 |
Fact Check: $28 Age Pension Hike 2024
- Claim: $28 Age Pension Hike for 2024
- Fact Check: False No news or update is available currently. The pension supplement for all individuals and for couples is the maximum. It is 61.50 for couples.
FAQs on $28 Age Pension Hike 2024
- Confirmed the $28 Age Pension Hike for 2024? No news or update is available currently.
- Who can get the $28 Age Pension Increase?
Permanent residents of Australia are aged 60 and above. - What are the highest pension supplement amounts?
The pension supplement is the maximum value at 61.50 for couples
