More than 5.3 million Australians will see hip pocket relief each fortnight as social security payments are indexed from September 20.

Pensioners will see the maximum rate for singles rise by $36.80 to $1237.70 and for couples by $55.60 to $1866 per fortnight.

Millions of Aussies will see their social security payments increase from September 20.  Getty Images

Jobseekers without children will see their payments rise by $16.20 to $833.70 per fortnight, while parents will see the maximum rates for singles increase by $20.90 to $1087.20 and for couples by $14.80 to $763 each per fortnight.

Renters will see the maximum rate for singles rise by $4.40 to $223.80 and $4.20 to $211 for couples.

Meanwhile, singles on the youth allowance will see a $20.90 increase to $1087.20 per fortnight.

The deeming rate will also be raised to 1.75 per cent for financial assets up to $66,800 for singles and $110,600 for couples, and 3.75 per cent for any financial assets above the threshold.

Social Services Minister Tanya Plibersek said the extra $4 billion in relief will help Australians make ends meet.

“We’ll continue to make sure the system is there to support those who need it most, ensuring that everyone can make ends meet and no one gets left behind,” she said.

But Australian Council of Social Service (ACOSS) chief executive Cassandra Goldie said indexation is not enough and called for the federal government to deliver a significant real increase to social security payments.

“While every extra dollar counts, routine indexation does not lift people out of poverty and deprivation,” she told nine.com.au.

Social Services Minister Tanya Plibersek announced the indexation on Wednesday. AP

“JobSeeker remains stuck at 40 per cent of the minimum wage and is not enough to afford the things we all need – food, housing and other essentials.

“We know it’s tough going trying to survive on the minimum wage, yet people on JobSeeker are expected to survive on an income of less than half that.”

Anglicare’s 2026 Cost of Living Index report found that a person on JobSeeker is falling behind by $502 a fortnight after paying rent, food and transport costs, while a single parent falls behind by $348 per fortnight.