Centrelink is a benefit providing agency administered by the Australian Government that issues Benefits to all eligible individuals. The Centrelink Payments are credited to all individuals ranging from young children to senior citizens. The benefits are available to JobSeeking individuals as well to retirees to help them maintain quality of life during their transitional phases. As a result of increased living expenses due to inflation, the individuals find it a hassle to manage funds and pay bills. So, to help support the individuals to cope up with inflation, the Centrelink Payments are increased. This process of annual adjustment in the payments is referred to as Indexation 2024. This Centrelink Payment Increase Due To Indexation 2024 is calculated based on Consumer Price Index (CPI) or other factors depending on the type of Centrelink Payment to be availed by the individuals.
Centrelink Payment Increase Due To Indexation 2024
The Centrelink Payment Increase Due To Indexation 2024 applies to benefits such as Age Pension, Carer Payment, Parenting Payment, JobSeeker Payment, etc. Indexation refers to the increment in Centrelink Benefits related to unemployment, family support or age pension to keep pace with the increasing market prices. These adjustments to the payment are made to ensure that the individuals maintain their dignity of life without facing economic hardships in today’s changing economic conditions. The increased amount of benefits help the individuals manage their bills and afford all necessary resources for themselves and their family to help maintain their dignity throughout the upcoming years.
Centrelink Payment Increase 2024 – Overview
| Post | Centrelink Payment Increase Due To Indexation 2024 |
| Proposed By | The Government of Australia |
| Country | Australia |
| Benefit Providing Agency | Centrelink |
| Main Purpose of the Payment | To cope up with Inflation |
| Payment Amount | Check tables Below |
| Post Type | Finance |
| Official Website | servicesaustralia.gov |
Centrelink Payments to Increase 2024
The individuals aged from 16 years to 65 years and above qualify to claim the Centrelink Payments based on the type of benefit. Individuals seeking job opportunities may claim JobSeeker Payment, whereas the old age citizens may claim the Age Pension Payment. The process of Indexation works based on the data driven by the Consumer Price Index (CPI) to measure the increased cost of living. Thus, the benefit rates for Centrelink Payments are increased accordingly. Some of the benefits to which the Indexation applies are:
- Old Age Pension
- Carer Payment
- Parental Payment
- JobSeeker Payment
Australia Benefits Increase Amount 2024
The increase in Centrelink Payments came effective on the 20th September 2024. As the indexation is applied quarterly, the benefit amounts are revised after every 4 months. It is to be noted that this adjustment has been made for the last quarter of 2024 – September 2024 to December 2024. The eligible individuals may directly receive the increased amounts for the next Centrelink Benefits that they are entitled to receive. The New Increased Benefits amount for Centrelink Payments are as listed below:
- Age Pension – The individuals aged 65 and above qualify to claim the Centrelink Age Pension Payment. The Age Pension Payment can be retrieved by individuals directly into their accounts on a monthly basis.
| Status | Initial Benefit Amount | Adjusted Amount 2024 | Amount of Increase |
| Single Individuals | $1020.60 | $1047.10 | $26.50 |
| Couples | $769.30 | $789.30 | $20.00 |
| Status | Initial Amount | Increased Amount 2024 | Amount of Increase |
| Pension Supplement for Singles | $81.60 | $83.20 | $1.60 |
| Pension Supplement for Couples | $61.50 | $62.70 | $1.20 |
| Energy Supplement for Singles | $14.10 | $14.10 | 0 |
| Energy Supplement for Couples | $10.60 | $10.60 | 0 |
- JobSeeker Payment – The Centrelink JobSeeker Payment can be qualified by individuals who are seeking apprenticeships or completed their secondary education and now seeking employment opportunities. This payment helps them cover the cost of living expenses during their transitional phase.
| Status | Initial Amount | Increased Amount 2024 | Amount of Increase |
| Single aged 22 and above | $762.70 | $778.00 | $15.30 |
| Single aged 22 and above having children | $816.90 | $833.20 | $16.30 |
| Single aged 55 and above | $816.90 | $833.20 | $16.30 |
| Status | Initial Amount | Increased Amount 2024 | Amount of Increase |
| Energy Supplement for Single (above 65 years old) | $14.10 | $14.10 | 0 |
| Energy Supplement for Couples | $10.60 | $10.60 | 0 |
| Pension Supplement for Single Individuals | $81.60 | $83.20 | $1.60 |
| Pension Supplement for Couples | $61.50 | $62.70 | $1.20 |
- Parenting Payment – The individuals looking after a dependent child qualify for the Parenting Payment. The individuals need to be principal carers of the child devoting most of their time towards taking care of the child. This benefit enables them to cover all the expenses related to care of the child without facing economic challenges.
| Status and Age | Initial Amount | Adjusted Amount 2024 | Amount Of Increase |
| Single | $999.70 | $1019.50 | $19.80 |
| Couple | $706.20 | $720.20 | $14.00 |
| Single, 65 and above | $1055.10 | $1075.90 | $20.80 |
| Senior Couples | $770.40 | $785.60 | $15.20 |
- Other Benefits Increased due to INdexation 2024 – The process of Indexation not only allows to increase the amount for Centrelink Payments but also enable the individuals to receive an increased amount for allowances such as – Telephone Allowance, Utilities Allowances, Health Care Cards and Commonwealth Seniors Health Cards.
The table below depicts the initial and revised annual taxable income limits of the eligible claimants:
| Status | Initial Amount | Revised Amount 2024 | Increase in Amount(per annum) |
| Single | $95,400 | $99,025 | $3625 |
| Couple (each individual) | $76,320 | $79,220 | $2900 |
| Couple (Collective) | $152,640 | $158,440 | $5800 |
Centrelink Payment Increase Due To Indexation 2024 – Fact Check
The Centrelink Payment Increase Due To Indexation 2024 was applied to all Centrelink Benefits starting 20th September 2024. These payments have been revised and announced to be paid from September 2024 – December 2024 as these payments are adjusted quarterly due to the process of Indexation. According to the research, the information provided in the article has been confirmed by the official sources. However, the individuals are advised to check the official website (dss.gov or servicesaustralia.gov) in case of amendments to the policy.
FAQs Related To Centrelink Payment Increase Due To Indexation 2024
The process of indexation refers to the quarterly adjustments made to the Centrelink Payments 2024 .
The Centrelink Benefit Amounts are revised to help support individuals cope up with rising inflation.
The revised benefit amounts for the last quarter of 2024 are entitled to be granted starting 20th September 2024.
The qualifying individuals get an increment on the Centrelink Payments such as Age Pension, JobSeeker Payment , Parenting Payment etc.