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Post by JJJ88 on Mar 2, 2023 12:55:11 GMT 7
Sorry if it has already been mentioned on here somewhere.
But which months in 2023 does indexation take place? And how much is it?
Thanks heaps, can't find it anywhere on the internet.
Cheers
J
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Post by anthonydsp on Mar 3, 2023 11:37:59 GMT 7
It's 20th March and 20th September but I dont know how much it is maybe $10 or $20 around there I think
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Post by mikey on Mar 4, 2023 5:03:03 GMT 7
It will be around 3.4% or around about $36, based on inflation up to the 6 months to December 2022.
When you hear inflation figures in the news, now around 7.8%, halve it to get an idea, as its twice a year from jan-june and july-dec, but increases 3 months later.
When inflation is "normal" its only about $10.
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Post by twentypoints on Mar 4, 2023 10:00:48 GMT 7
Another 20 on 20 ey ?
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Post by leanne on Mar 6, 2023 16:10:21 GMT 7
More than 4.7 million pension and allowance recipients will receive a boost to their social security payments when indexation of their payments occurs on 20 March 2023.
Recipients of Age Pension, Disability Support Pension and Carer Payment can expect an increase of $37.50 a fortnight for singles and $56.40 a fortnight for couples combined.
The maximum fortnightly rate of pension will increase to $1064 for singles and $1604 for couples, including Pension Supplement and Energy Supplement.
JobSeeker Payment and adult ABSTUDY payment rates will also be indexed.
Single JobSeeker Payment and ABSTUDY recipients aged over 22 and without children will receive $701.90 per fortnight including Energy Supplement, reflecting a $24.70 increase.
Each member of a couple in receipt of JobSeeker Payment and ABSTUDY will benefit from an additional $22.50 per fortnight, with the fortnightly rate increasing to $639.10 including Energy Supplement.
Minister for Social Services, Amanda Rishworth, said the Government is doing what they can to support Australians in need.
“Australia’s social security system exists to support our most vulnerable citizens, and we know they are feeling the pinch,” Minister Rishworth said.
“Indexation is a pillar of our social security system and we want more money in the pockets of everyday Australians so they can better afford essentials.
“The increase is an important part of the system and helps those doing it toughest.”
Single parents receiving Parenting Payment will also benefit from an additional $33.90 a fortnight, with the rate increasing to $967.90 including the Pension Supplement, Pharmaceutical Allowance, and Energy Supplement.
Single recipients of maximum rate Commonwealth Rent Assistance without children can expect to see a $5.60 increase to $157.20 per fortnight.
Maximum rate Rent Assistance recipients with one or two children will see an increase of $6.58 to $184.94 per fortnight.
Maximum rate recipients with three or more children will receive an increase of $7.42 to $208.74 per fortnight.
Adult rates of allowances and pensions are indexed twice a year to ensure they keep pace with increases in the cost of living. They will next be indexed on 20 September 2023.
Additionally, income and assets limits may change as a result of payment indexation.
More detail regarding March indexation is available on the Department of Social Services website.
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Post by mikey on Jul 26, 2023 9:11:02 GMT 7
Inflation figures out today, so based on my rough math, we should see an increase of around $30 a fortnight in September.
That is a 3% rise. Last rise in March was 3.6% due to the higher inflation at xmas.
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Post by bear on Jul 30, 2023 13:47:43 GMT 7
JobSeeker payments to increase as cost of living crisis continues.
The boost is set to roll out within weeks.
Australians on JobSeeker can expect a bump in their payments as the cost of living rises, but other welfare recipients will need to wait to find out what’s happening with their incomes.
The JobSeeker rate is indexed twice a year based on inflation, however in September the payment is due to increase by another $40 after a budget boost to the base rate.
Including a six-monthly indexation increase of 2.2 per cent, the base JobSeeker rate is due to rise by $56 a fortnight if parliament passes welfare changes announced in the May budget.
But those on other forms of welfare like the single-parenting income will have to wait to see how their payments are updated as cost-of-living pressures continue to bite.
“Some of the other measures like the pension and single parent payment has a choice of indexation measures,” Social Services Minister Amanda Rishworth told ABC’s Insiders on Sunday.
“So we’ve got to work through those.”
Rishworth said high inflation was playing into the considerations but any moves had to be balanced against budget pressures and adding to inflationary pressures.
Older people eligible for higher JobSeeker payments are due to receive up to $109 more per fortnight from September under the changes.
The government is under pressure from the social sector to increase welfare payments and unveil new cost-of-living assistance measures after a better than expected budget bottom line.
The budget is expected to come in more than $20 billion in the black for the last financial year, but the treasurer will bank most of the money citing structural pressures on the public purse
Minister Amanda Rishworth says welfare increases need to be balanced against the budget's health.
Rishworth said the projected surplus was only temporary and welfare increases had to be balanced against the budget’s long-term health.
The minister said measures the government has already announced met that balance.
“The changes we’re making - whether it’s to rent assistance, JobSeeker - are structural changes, they’re ongoing increases that will be applied,” she said.
“So when you talk about the surplus from last year, that’s a very different circumstance to the reforms that we’ve made which are ongoing.
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Post by bear on Jul 31, 2023 10:31:04 GMT 7
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Post by JJJ88 on Aug 2, 2023 17:39:59 GMT 7
Changes to welfare payments, including JobSeeker, locked in for millions of Australians
The increase in payments has been confirmed after key legislation passed federal parliament.
Welfare recipients are in line for a $40-a-fortnight boost with parliament passing the increase, despite calls for the rise to be higher as the nation deals with a cost of living crisis.Australians with no children on JobSeeker can expect to get about $749 a fortnight, up from just over $693, under the changes from September 20. The top-up is made up of a $40-per-fortnight increase previously revealed in the federal budget, plus an extra $16 increase as part of regular indexation. The base rates of working-age and student payments, including Youth Allowance, Parenting Payment (Partnered), Austudy, ABSTUDY Living Allowance, Disability Support Pension (Youth), and Special Benefit, will increase by $40 per fortnight. The Greens wanted to go further and raise the income support rate to $88 a day — or $1232 a fortnight — to bring it above the poverty line as the cost of living and housing crisis bites hard. But the push failed after it was rejected by the government and opposition. Greens senator Janet Rice said it was disappointing the higher rate wasn’t supported because the one which was passed by parliament condemned vulnerable people to poverty. “Which is absolutely bad for their wellbeing, their health and their ability to get a job — if you’ve got people living in poverty, you’re not in a position to be able to get a job,” Rice told the Senate. “It is absolutely shameful.” You can read more on the increases in the table below.The rate for older Australians on JobSeeker will increase to $802.50 per fortnight. Youth Allowance, Parenting Payment (Partnered), ABSTUDY Living Allowance, Disability Support Pension (Youth) and the Special Benefit will also increase by $40 per fortnight. Single parents with children aged eight and above will be eligible for the higher Parenting Payment Single rate, which will add a further $177 each fortnight until their youngest child turns 14. Social Services Minister Amanda Rishworth said the increases would ease cost of living pressures for around two million Australians. Labor assistant minister Tim Ayres said the safety net bill marked a “very substantial improvement” in welfare that would make a real difference. Senator Ayres said he respected arguments for higher welfare payments, but the government was dealing with significant pressures on the budget and increasing the rate further would cost “billions and billions of dollars”. He said other cost of living measures had been introduced to work alongside the increase. ‘Short-term thinking’Independent senator David Pocock — who supported the Greens’ proposed rise to $88 a day — said the government was kidding itself if it thought it could save money on welfare expenditure and not pay for it in other sectors such as health and policing. “We’re going to have to pick up the bill eventually and so it’s such short-term thinking to think that ‘oh, we can just rip away social security payments, have people living in poverty, and that’s better for taxpayers’ — it’s not,” he said. “We will be paying the cost when it comes to the health of those people who can’t afford fresh food, who can’t afford the basic necessities in life and who certainly can’t afford to fulfil scripts, to go and see the GP when they need it.” The opposition and the Greens pushed to increase the threshold people could earn before losing their benefits from $150 to $300. But neither voted for each other’s amendments, as the Liberals kept theirs tied to the removal of the $40 increase. Welfare recipients will get a boost to their payments from September. Liberal frontbencher Anne Ruston said incentivising people to work more hours was a better way to increase employment opportunities rather than just increasing welfare. “We philosophically believe that increasing the income-free areas and taking away the barriers ... is a much more effective way of getting people back into the workforce,” she said. Senator Ayres said it would be too expensive to bake in the added expenditure into the budget and there was no evidence it would boost participation. 7news.com.au/business/centrelink/changes-to-welfare-payments-including-jobseeker-locked-in-for-millions-of-australians-c-11463856
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Post by twentypoints on Aug 2, 2023 17:47:55 GMT 7
Yeah baby, another 1000 pesos ay JJJ88, Eureka!! |
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Post by bear on Aug 2, 2023 20:22:15 GMT 7
Dutton’s JobSeeker plans would at first leave 640,000 worse off and 168,000 better off.
If this year’s budget measures are passed by parliament in the current sitting, the government has indicated that the single rate of JobSeeker payment will increase by around $56 per fortnight in September.This will be the result of the $40 per fortnight increase in basic payment promised in the budget, plus the usual half-yearly indexation increase on the new amount, which this time will be 2.2% - for a total increase of nearly $41. However, the Opposition has indicated it will oppose the increase and seek to increase the “free area” recipients can earn before losing some JobSeeker benefits, from $150 to $300 per fortnight. This would cut the increase due in September to the 2.2% from indexation, which would make it about $15 per fortnight. Late on Monday, the Opposition made clear that if its amendment fails it wouldn’t stand in the way of the government’s plan, but it’s still worth asking which arrangement would benefit whom, and which would be more effective at getting job-seekers into work. To try and answer that question, read the full article below:-theconversation.com/duttons-jobseeker-plans-would-at-first-leave-640-000-worse-off-and-168-000-better-off-210699.
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Post by itsmylife08 on Aug 3, 2023 18:26:10 GMT 7
That's just brilliant, Australians with no children on Jobseekers allowance will be getting just $5 a fortnight less than what I'm getting on the Disability Pension after working a lifetime  Cheers Itsa  |
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Post by JJJ88 on Aug 3, 2023 20:27:55 GMT 7
That's just brilliant, Australians with no children on Jobseekers allowance will be getting just $5 a fortnight less than what I'm getting on the Disability Pension after working a lifetime Cheers Itsa General Itsa if I were you I'de be calling Social Security in R.O.I and asking them about your claim. You will be right with two pensions and/or DVA. Cheers J |
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Post by JJJ88 on Aug 3, 2023 20:35:17 GMT 7
Yeah baby, another 1000 pesos ay JJJ88 , Eureka!! Twentypoints, another Dollar, another day. Cheers J |
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Post by itsmylife08 on Aug 4, 2023 22:56:22 GMT 7
General Itsa if I were you I'de be calling Social Security in R.O.I and asking them about your claim. You will be right with two pensions and/or DVA.
Cheer
J
I've already done that , read my previous posts it's a crock of shit. for me, there is no end to it, they are all just a pack of dogs, They dont give a shit, more to come, Itsa
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