Which Centrelink payments are going up from July 1
From July the 1st, over 1.4 million Australian families will benefit from an increase to their Centrelink payments.
The federal government has announced increases to the Family Tax Benefit (Part A and B) to keep up with the rising cost of living.
Under the Family Tax Benefit Part A, payments for families with a child aged under 13 will increase up to $204.40 over 2022-2023.
The payments will also increase by a maximum of $255.50 for families with a child 13 years and older.
For those receiving Family Tax Benefit Part B, there will be an increase of as much as $164.25 per year where a family has their youngest child under 5.
For those families on Family Tax Benefit Part B with a youngest child aged between five to eighteen will receive up to $116.80 more per year.
The changes are expected to impact more than 1.4 million families, Social Services Minister Amanda Rishworth said.
It was also announced that the amount of income or assets an Age Pension, Disability Support Pension or Carer Payment recipient can have before their payment is affected will increase.
“Social security and family payments have a built-in safeguard where they are automatically indexed at regular intervals to help them maintain purchasing power,” Rishworth said.
Those who receive other family payments, such as Multiple Birth Allowance and Newborn Supplement are also set to receive an increase.
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