Pensioners in Forrest $78 better off since election

The Federal Member for Forrest Nola Marino today welcomed a further rise in the age pension to support local community members. “Age pensioners deserve our support, and I glad to see that once again the age pension is going up” Mrs Marino said. The latest indexing of the age pension coming into effect today will give single age pensioners a $5.90 boost to their fortnightly payments or $153.40 a year while couples will receive an extra $8.80 a fortnight or $228.80 a year. “These increases will see the maximum age pension rise to $860.20 a fortnight for single pensioners and $1,296.80 for couples” Mrs Marino said. “When other measures such as the abolition of the carbon tax are taken into account pensioners are effectively $66 better off per fortnight for singles and almost $100 better off, with a $99.20 effective increase, for couples since the last election. ”There is also good news for part pensioners as income tested part-pensioners will receive a double boost to their payments from today as lower deeming rates come into effect amounting to $200 million in additional payments over the forward estimates. “On average part pensioners will get an extra $3.20 a fortnight or $83.20 a year as a result of this decision. “Today’s indexation of the pension occurred in line with the Consumer Price Index. If since the last election pensions had only been indexed to Male Total Average Weekly Earnings then single age pensioners would currently be $22.40 worse off a fortnight and couples $16.80 worse off. “The Coalition Government is committed to ensuring our welfare system looks after those who need it most and that this assistance is sustainable. Our welfare system must assist not only those who need it today but those who will come to rely on it in the future The Newstart Allowance, Parenting Payment Partnered, Widow Allowance, Partner Allowance and Sickness Allowance will also increase as a result of today’s indexation. Full details of all rates and thresholds indexed today can be found at https://www.dss.gov.au/about-the-department/benefits-payments