The Centrelink issues Youth Allowance Benefit to help the young individuals who are enrolled in a full time study program, enrolled in apprenticeship or seeking employment opportunities. The spending limit of the individuals of the country is measured by Consumer Price Index (Cpi). Due to increased CPI, the annual Cost Of Living Adjustment hiked. Furthermore, to support the individuals, the original benefit amounts were increased as a result of indexation. The $987.70 + $19.80 Per Fortnight Youth Allowance November 2024 was announced as a response to the inflationary pressures. These amounts can be claimed by all individuals of age 16-24 if they fulfill all other conditions of eligibility such as income and assets assessment.
$987.70 + $19.80 Per Fortnight Youth Allowance November 2024
The $987.70 + $19.80 Per Fortnight Youth Allowance November 2024 has a great impact on the lives of students as it helps support them financially. The individuals enrolled in full time programs or full time training programs receive fortnightly payments based on their age and status of individual. The program aimed to alleviate the inflationary pressures which directly enabled the individuals to focus on their career or studies that they are enrolled in. The fortnightly Youth Allowance November 2024 Payments also support the physically challenged individuals and ensures the personal development of the individuals without facing any economic hardships.
servicesaustralia.gov Youth Allowance 2024 – Overview
| Post | $987.70 + $19.80 Per Fortnight Youth Allowance November 2024 |
| Proposed By | The Government of Australia |
| Country | Australia |
| Benefit Providing Agency | Centrelink |
| Main Purpose of the Payment | Financial Support |
| Eligible Age | 16-24 years |
| Payout Frequency | Fortnightly |
| Payment Amount | $987.70 + $19.80 |
| Post Type | Finance |
| Official Website | servicesaustralia.gov |
Australia Youth Allowance Eligibility 2024
The Centrelink Youth Allowance eligibility criteria is as follows:
- Age – 16-24 years
- Individuals who are legal residents of Australia and physically residing in the country
- IIndividuals should fulfill income assessment
- Individuals should be a full time student in a recognised institution or seeking training opportunities.
| Age | Status |
| 16-21 | Looking for full time job roles |
| 18-24 | Full time student |
| 16 -24 | Enrolled in full time apprenticeship |
| 16-17 | Living by themselves |
Centrelink Youth Allowance Payout Schedule 2024
The Australia Youth Allowance Benefit 2024 can be claimed by individuals 13 weeks prior to starting a program. All eligible individuals are required to make their claims on time to avoid missing out on the benefits. All individuals aged 16 to 24 can claim the amount. The initial payment is paid to the beneficiaries on confirmation by the official entities within a period of two weeks of the confirmation.
However, in cases such as a new student, a continuing student or individuals who have an eligible waiting period applied to them, start receiving payments from a different date.
The Youth Allowance Benefit is granted to all benefits on a fortnightly basis i.e; after every 14 days.
Centrelink Youth Allowance Payment Amount 2024
The Centrelink Payment Amount depends on circumstances such as the age and status of individuals. The amount also takes into account the income and assets test of the individuals. However, the payment amounts are revised according to indexation rates. The process of indexation is the program through which the Government enhances the payment amounts to help support individuals to keep pace with the increased Cost Of Living Adjustment as calculated by the Consumer Price Index(CPI). The table below displays the Benefits Amounts and the amounts after increment that came effective from the 20th September 2024 onwards:
| Status | Payment Amounts |
| Single (below 18 years) | $395.30 |
| Single, below or above 18 years, living abroad by themselves | $639.00 |
| Single (above 18 years) | $455.20 |
| Single and having children | $806.00 |
| Principal carer for a dependent child | $1007.50 |
| Couples | $639.00 |
| Couples having children | $691.80 |
The increase in payment amount as a result of indexation is as follows:
| Status of Individuals | Original Amount | Increased Payment Amount 2024 | Amount of Increase |
| Single IndividualsPrincipal carer of childExempt from activity test | $987.70 | $1007.50 | $19.80 |
How To Claim Australia Youth Allowance Benefit 2024
The Youth Allowance Benefit can be claimed by all eligible claimants about 13 weeks prior to starting the training program or the full time program.
The procedure to claim the Youth Allowance Benefit is as follows:
- Initially, the individuals are required to visit servicesaustralia.gov
- The next step involves the individuals to sign in to their myGov account and then link the account to Centrelink.
- The individuals are required to complete the application by providing all necessary details and providing Customer reference Number (CRN) for identity proof
- The individuals then need to provide documents such as Tax File Number etc to support documentation.
- Final step of the application requires individuals to submit the claims.
FAQs Related To $987.70 + $19.80 Per Fortnight Youth Allowance November 2024
Individuals aged 16-24 years enrolled in a full time program or apprenticeship are eligible for the payment.
The individuals are entitled to receive fortnightly payments starting from the day when they start receiving their benefit amounts.
As a result of Indexation, the original amount of $987.70 was increased by $19.80 to $1000.50 to help support the individuals.
The individuals can claim the benefit from their Centrelink account or by visiting a nearby service center.