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Centrelink cash boost for Australians arrives July 1: How to claim & who's eligible
Centrelink cash boost for Australians arrives July 1: How to claim & who's eligible

Time of India

time12-06-2025

  • Business
  • Time of India

Centrelink cash boost for Australians arrives July 1: How to claim & who's eligible

Live Events What's Changing & When From July 1, payments and thresholds across many social services will rise by 2.4%. The increase follows earlier payment raises made in January and March this year. Who Gets More Money in this Cash Boost JobSeeker, Youth Allowance, Austudy, ABSTUDY Living Allowance, Parenting Payment, and Special Benefit Age Pension, Disability Support Pension, and Carer Payment Family Tax Benefit Part A & B, Paid Parental Leave, Newborn Supplement, and Multiple Birth Allowance How Much Will You Receive? Families with children under 13 in Family Tax Benefit A will gain about $5 extra per fortnight. Families with children aged 13+ will see the rate climb to $295.82 per fortnight. Newborn Supplement recipients receive roughly $48 more over 13 weeks. Triplet parents pick up an extra $120 over the year. The Paid Parental Leave income cap rises, too; the individual limit is $180,007, and the family cap is $373,094. What Isn't Included This Round Youth and student payments were already adjusted in January, so they won't see another rise now. JobSeeker and similar payments go next in March and September indexation cycles. How to Access the Cash Boost No action is needed; eligible recipients receive the extra cash automatically after July 1. Ensure your myGov–Centrelink account is up to date, especially bank details and personal information [you can update key changes online]. Check the Department of Social Services website for new rates and eligibility thresholds. Government Perspective (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Around 2.4 million Australians who rely on Centrelink and Services Australia support will receive a small increase in their payments starting July 1. This cash boost for Australians is part of the government's recent increase in social services by 2.4%, offering some relief to families, job seekers, students, pensioners, and automatic indexation means eligible recipients of JobSeeker, Youth Allowance, Austudy, ABSTUDY Living Allowance, Parenting Payment, and Special Benefit will receive more money in their bank receiving paid parental leave, family tax benefits (Parts A and B), newborn supplements, or multiple birth Allowances will also addition, pensioners and carers, those on the Age Pension, Disability Support Pension, and Carer Payment, will see modest increases as income and asset thresholds are regular adjustment is made to keep payments in line with the cost of 2.4 million people will benefit, including recipients of:Social Services Minister Tanya Plibersek said this indexation reflects the rising cost of living. She noted, 'From 1 July, millions of recipients of social security payments will see more money in their bank accounts.'If you receive a Centrelink or Services Australia payment listed above, expect a modest automatic boost from July 1. No action needed, just keep your details current and check your account. For complete rate breakdowns, visit the Department of Social Services website.

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