Centrelink payments such as JobSeeker, age pension and Youth Allowance will all rise as the latest indexation takes effect from today. The indexation of social security payment rates to maintain their value over time takes place twice a year. The indexation will impact more than five million Australian recipients. Here’s what you need to know. Which payments will increase?Age pensionCarer paymentParenting payment JobSeeker paymentRent assistanceHow much will the age pension increase by?For singles, the payment will increase by $28.10 a fortnight; increasing the maximum rate to $1,114.40 a fortnight.Couples will get a $21.20 a fortnight increase. That means they will receive $862.60 each per fortnight, or $1,725.20 total.How much will the Disability Support Pension increase by?The same increase will apply to the Disability Support Pension and carer payment taking the total per fortnight, including energy supplement, to $1114.40 for singles and $862.60 for each member of a…
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