{"id":819861,"date":"2026-08-20T12:12:13","date_gmt":"2026-08-20T12:12:13","guid":{"rendered":"https:\/\/www.newsbeep.com\/us\/819861\/"},"modified":"2026-08-20T12:12:13","modified_gmt":"2026-08-20T12:12:13","slug":"cash-boost-for-millions-of-aussies","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us\/819861\/","title":{"rendered":"Cash boost for millions of Aussies"},"content":{"rendered":"

\"Millions<\/a> Millions of Aussies will receive a fortnightly cash boost after September 20. <\/p>\n

More than five million Australians will get a fortnightly cash boost as social security payments are indexed from September 20. <\/p>\n

The maximum rate of Jobseeker Payment for a single recipient without children is set to climb by $16.20 to $833.70 per fortnight, while those on a pension will see the maximum rate increase by $36.80 for singles and $55.60 for couples. <\/p>\n

Fortnightly Parenting Payments will increase by $20.90 to $1,087.20 for singles, or an increase of $14.80 to $763.00 for partnered recipients. <\/p>\n

\"ECONOMY<\/a> Centrelink payments are set to increase from September 20. Picture: NewsWire \/ Max Mason-Hubers <\/p>\n

Social Services Minister Tanya Plibersek said the increased payments would benefit those who needed it most. <\/p>\n

“Whether it’s paying the rent, putting food on the table or covering everyday bills, this extra support will help Australians on income support make ends meet,” Ms Plibersek said. <\/p>\n

“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.” <\/p>\n

Rates and means-testing thresholds are indexed twice a year in Australia, typically in March and September, to ensure social security payments are aligned with cost of living benchmarks like the Consumer Price Index. <\/p>\n

\"QUESTION<\/a> Social Services Minister Tanya Plibersek described the cash boost as “extra support” for struggling Australians. Picture: NewsWire \/ Martin Ollman <\/p>\n

Alongside the rate increases, the federal government has accepted the Australian Government Actuary (AGA) recommendation to lift social security deeming rates. <\/p>\n

Deeming rates are used to “work out income from financial assets” for the purpose of the social security means test, according to the Department of Social Services. <\/p>\n

The assessment is designed to ensure government support is being directed at those who need it most. <\/p>\n

From September 20, the deeming rate will be updated to 1.75 per cent for financial assets up to $66,800 for singles, and $110,600 for couples with a rate of 3.75 per cent for any financial assets above the threshold. <\/p>\n","protected":false},"excerpt":{"rendered":"Millions of Aussies will receive a fortnightly cash boost after September 20. More than five million Australians will…\n","protected":false},"author":2,"featured_media":819862,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[35632,28,347654,347653,347655,147,530,733,76345],"class_list":["post-819861","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-aussies","tag-business","tag-income-support","tag-maximum-rate","tag-maximum-rate-increase","tag-personal-finance","tag-personalfinance","tag-social-security","tag-tanya-plibersek"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/819861","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=819861"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/819861\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/819862"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=819861"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=819861"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=819861"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}