Australians receive a salary increase of $ 2 per week, while retirees get $ 8.70 extra per fortnight

About 4.8 million Australians are preparing to boost their pensions and social assistance payments next week, thanks to a biannual adjustment of indexation rates.

Australians receive a salary increase of $ 2 per week, while retirees get $ 8.70 extra per fortnight

  • Australian pensioners and unemployed will get an increase in social assistance payments next week
  • Welfare rates increase every six months to help people with rising living costs
  • Unemployed Australians will receive $ 2 extra per week starting September 20
  • While single pensioners will benefit from an additional $ 8.70 per fortnight

Laura Hedges for Daily Mail Australia

About 4.8 million Australians are preparing to boost their pensions and social assistance payments next week, thanks to a biannual adjustment of indexation rates.

These welfare rates increase every six months in line with the rising cost of living.

On average, unemployed Australians receive $ 545.80 per fortnight, but as of September 20, they will receive $ 2 extra each week.

About 4.8 million Australians are preparing to boost their pensions and social assistance payments next week, thanks to a biannual adjustment of indexation rates.

About 4.8 million Australians are preparing to boost their pensions and social assistance payments next week, thanks to a biannual adjustment of indexation rates.

Welfare rates increase every six months in line with rising living costs

Welfare rates increase every six months in line with rising living costs

Welfare rates increase every six months in line with rising living costs

Single pensioners currently receive $ 826.20 per fortnight, but their payments will increase by an additional $ 8.70.

Couples receiving pensions will see their current payment of $ 1208.40 driven by an additional $ 13.20 per fortnight.

Existing parenting payments – approximately $ 762.40 per week for single parents and $ 492.80 for a couple – will also increase by approximately $ 3 per week.

Rental assistance rates will also increase as of September 20, as well as a range of income limits and asset tests for various payments, including the age pension.

Pensions are linked to prices and wages, while social benefits are linked to the consumer price index.

According to Statista, the unemployment rate in Australia in 2017 was 5.6%, with the predictions for 2018 falling to 5.25%.

Couples receiving pensions will see their current payment of $ 1208.40 driven by an additional $ 13.20 per fortnight

Couples receiving pensions will see their current payment of $ 1208.40 driven by an additional $ 13.20 per fortnight

Couples receiving pensions will see their current payment of $ 1208.40 driven by an additional $ 13.20 per fortnight

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