Families and individuals who rely on social services are due to get a small boost to their payments from July.
Centrelink payments will increase for 2.4 million Aussies by 2.4 per cent from July 1.
The changes will apply to JobSeeker, Youth Allowance, Austudy, ABSTUDY Living Allowance, Parenting Payment, Special Benefit, income assets thresholds for the Age Pension, Disability Support Pension, and Carer Payments.
The changes will also apply to thresholds and rates, including Family Tax Benefits.
The Family Tax Benefit Part A, the maximum rate of payment for children under 13 will increase to $227 a fortnight.
For children over 13, the rate will increase to $295.82 a fortnight.
Paid parental leave annual income limits will also increase, with the individual limit increasing to $180,007 per year, while the combined family income limit will be increased to $373,094.
The changes come as indexation is adjusted in line with the wider economy.
“From 1 July, millions of recipients of social security payments will see more money in their bank accounts,” Minister for Social Services Tanya Plibersek said.
“Payments like the Family Tax Benefit help cover the costs of raising children for many Australian families, and indexation is a crucial way to help families when cost of living rises.
