Good news for pensioners in Australia! Centrelink has announced a one-time $400 payment increase for retirees, responding to inflation and rising living costs. With higher expenses, many seniors are struggling to meet basic needs. The $400 Centrelink Payment is expected to provide relief by boosting the income of retirees. Here’s a closer look at what this increase involves, including eligibility, payment dates, and how to apply.
Payment Dates
The first instalment for the increased payment is scheduled for March 20, 2024. Beneficiaries should check their accounts around this date, as Centrelink disburses payments fortnightly. Some delays may occur if an account is still undergoing verification, but eligible pensioners can expect their payments as soon as the verification process is completed.
Eligibility
The increased Centrelink payment will support approximately 4.7 million eligible retirees. Here are the primary eligibility criteria for receiving this $400 benefit:
- Age and Retirement: Applicants must be 65 or older and officially retired.
- Tax Compliance: Candidates should have submitted all relevant tax returns before the payment date.
- Residency: Only permanent residents are eligible, and residential proof is required for verification.
- Spousal Eligibility: Spouses of Australian citizens may apply if they provide a 10-year visa history.
- Survivor Eligibility: Widows or survivors are eligible to receive their late partner’s portion of the benefit.
- Means and Income Test: Candidates must pass income and means tests to confirm financial need.
Rates for 2024
The $400 increase will be distributed along with regular pension payments, differing slightly between individuals and couples.
For Individuals
| Particular | Current Amount | Increased Amount |
|---|---|---|
| Maximum Base Rate | $1002 | +$31.00 |
| Maximum Pension Rate | $80.70 | +$1.40 |
| Energy Supplement | $14.10 | – |
| Total (per fortnight) | $1096.70 | +$32.70 |
| Total Annually | $28,514 | +$850 |
For Couples (Living Together)
| Particular | Individual Amount | Combined Amount | Increased Amount (Ind.) | Increased Amount (Comb.) |
|---|---|---|---|---|
| Maximum Base Rate | $755.60 | $1,511.40 | +$23.40 | +$46.80 |
| Maximum Pension Rate | $60.40 | $120.80 | +$1.40 | +$2.60 |
| Energy Supplement | $10.60 | $21.20 | – | – |
| Total (per fortnight) | $826.70 | $1,653.40 | +$23.70 | +$49.20 |
| Total Annually | $21,494 | $42,988 | +$642.20 | +$1,284.20 |
For couples who experience separation, each individual will begin receiving the single individual benefit in their next payment following the date of separation.
Application Process
For retirees new to Centrelink or approaching retirement, here’s a guide on applying for this increased pension amount:
- Register on MyGov: Link your MyGov account with Centrelink.
- Access Payments: Select “Payment and Claim” in the dashboard, then go to “Manage Payment” or “Manage Advance Payment.”
- Fill Out the Application: Start the claim form by choosing the type of benefit in the options.
- Enter Claim Amount: Specify the amount in the query box, then submit your claim.
- Confirmation: A “successful registration” message will appear upon submission.
Additional Centrelink
With the cost of living rising in Australia, Centrelink has increased several benefits to support citizens. This includes not only the pension boost but also adjustments in the JobSeeker allowance, Disability Support Pension, and the Cost of Living Allowance. The updated $400 payment will be part of the pensioners’ benefits, scheduled to reach eligible individuals either in March or, if delayed, by September 2024 due to biannual disbursement cycles.
The increase highlights the government’s ongoing response to assist those struggling under financial pressure, with future adjustments anticipated as economic conditions evolve.
FAQs
When will the $400 Centrelink payment be made?
The payment will be disbursed starting March 20, 2024.
Who qualifies for the $400 Centrelink increase?
Applicants over 65, retired, and meeting residency requirements.
What should I do if my payment is delayed?
Wait for account verification, or check in September 2024.
How can I apply for the Centrelink pension?
Sign up on MyGov, link Centrelink, and follow the application steps.
Is the Centrelink increase permanent?
No, this is a one-time increase to assist with cost of living.
