Australia Pension Increase In September 2024: Know Eligibility & Payment Dates

The Australian Government provides a pension program to the senior citizens of the country. The people who are 65 or older are eligible for the pension program. However, there is some good news for all the Australian Pensioners. Due to an increase in the cost-of-living,

the government of Australia has decided to increase the pension amount. Due to increasing inflation, there are many senior citizens of Australia who are in financial stress. Due to this, the Government of Australia is putting efforts in providing financial assistance to the low and middle-class citizens including the elderly citizens of the country. 

The estimated pension amount for September 2024, will range between $1,116.30 and $1,682.8. To get details about the eligibility criteria, payment dates, and claiming process, continue reading this below article. 

Highlights of Pension Increase in September 2024

Title	Pension Increase in September 2024
Country	Australia
Authority	Pension Support System of Australia
Maximum Payout	$1,538.60
Frequency of Payment	Monthly
Post Category	Government Aid
Official Portal	Services Australia

Eligibility Criteria

To receive the pension, the applicants must fulfill this below criteria to qualify the pension program. 

1. Age limit: 65 years old or above are eligible for the pension program. 
2. Residency: People who are applying for the pension must live in Australia for more than 10 years. If you are a wife of a late person or a refugee can also claim the Australian Pension scheme, then you do not need to fulfill the 10 years eligibility criteria.
3. Centrelink Account: They need to have the centrelink account to receive the pension payment.
4. Income Criteria: People who earn less than or equal to $212 biweekly are eligible to receive the 100% pension.
5. Tax Payer: People must be contributing towards the well-being of the country in the form of tax, and are eligible for the pension scheme. 

Payment Dates

1. The issuing payment dates for the month September are 10th and 24th. 
2. If you have applied through direct deposit, then you will receive the payment in 7 business days.
3. If you have applied to receive the payment through cheque, then you can receive the cheque via 10-12 business days.

Application Procedure

Follow these below steps to apply for the pension payment given by the government of Australia.

1. Visit the official government site, i.e., Services Australia, and if you have not created an account, then create a new ID and password. 
2. Login through your ID and provide all the necessary information including your personal and income details in the application form. 
3. After submitting the application form, the Australian government will verify your information.
4. After successful verification, the government of Australia will execute further with the process. 
5. If you have applied through direct deposit, then you will receive the payment in 7 business days.
6. If you have applied to receive the payment through cheque, then you can receive the cheque via 10-12 business days.

Increment in the Pension Payment in September 2024

The government of Australia decided to increase the pension after evaluating cost of living and inflation. If it gets approved then the current pensioners receive a letter from the centrelink informing about the new date and amount of the pension. The Australian government announces the plan in the budget or through the various official channels. 

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If anyone has any issue or doubt then they can directly contact centrelink. 

FAQs about Pension Increase September 2024