20,381 pensioners receive payment boost in Sunshine Coast electorate of Fisher
Tens of thousands of pension and allowance recipients in the Fisher are now benefitting from another increase to payment rates delivered by the Morrison Government.
Federal Member for Fisher, Andrew Wallace said pension payments including Age Pension, Disability Support Pension and Carer Payment increased by $9.90 a fortnight to $926.20 for singles, and by $14.80 a fortnight to $1,396.20 for couples combined on 20 March.
“Since we were first elected, the Age Pension has increased by $117.80 per fortnight for single pensioners and by $177.40 per fortnight for couples combined,” said Mr Wallace.
This will directly benefit the 20,381 pensioners living in Fisher.
Individuals receiving Newstart Allowance, Widow Allowance and Sickness Allowance are benefitting from an increase of $5.50 a fortnight to $564.50, including Energy Supplement. Members of a couple are seeing an increase of $5.00 a fortnight to $509.60 each, including Energy Supplement.
The rate of Parenting Payment (Single) is increasing by $7.60 to $788.10 a fortnight, including Pension Supplement and Energy Supplement. These changes will benefit more than 5,000 additional individuals in Fisher.
“The Morrison Government understands the importance of these increases to help pensioners and allowance recipients keep up with the cost of living,” Mr Wallace said.
“Rent Assistance rates also increased from 20 March, as well as a range of income and assets limits for pensions and allowances. This includes higher limits to the income and assets tests for age pensioners.”
“While the Morrison Government is protecting older Australians in Fisher, Labor and Bill Shorten wants to steal their retirement incomes. Labor’s Retiree Tax would rip an average of $1,400 in income away from more than 1 million retirees across Australia, including pensioners. At least 7,200 retirees in Fisher would be affected.” Mr Wallace said.
Full details of new rates and thresholds can be found on the Department of Social Services website at www.dss.gov.au/about-the-department/benefits-payments.