Millions of Australians will have their social security payments increased as indexation changes kick in later this month.
More than five million recipients, including pensioners, renters, and job seekers will receive increases from 20 March.
The maximum single rate of pension for those on the Age Pension, Disability Support Pension, and Carer Payment will increase by $4.60 to $1,149.00 a fortnight.
Those on parenting payment single will get an additional $4 a fortnight, taking the fortnightly payment to $1,030.
For a JobSeeker recipient aged 22 and over without children, the payment will increase by $3.10, taking the payment to $789.90 — including energy supplement.
The federal government said indexation changes delivered over the past three years will mean a single pensioner will pocket an extra $3,913 each year, with couples to receive an additional combined $5,902.
Social Services Minister Amanda Rishworth said people on JobSeeker payments will get an extra $3,374 to $5,038, with single parents, mainly women, set to be more than $7,500 better off annually as a result of indexation and Labor's changes to the payment over the past three years.
Rishworth said the government was committed to helping with the cost of living pressures.
"Indexation is a critical part of our social security safety net. For pensioners and other payment recipients receiving this financial boost, this will help ease some pressure."
Rishworth said Labor had committed $11.5 billion to the nation's social security system in the 2023/24 and 2024/25 federal budgets.
The complete list of payments increasing on 20 March, including income and asset limits, can be found on the
Correction: A previous version of this article contained incorrect information regarding social security payment increases. It has now been corrected.
