Pensioners in Pearce are $51.80 per fortnight better off for singles and $78 per fortnight for couples since the Coalition Government was elected, following a further rise in the age pension.
Federal Member for Pearce, Christian Porter, said the latest indexing of the age pension, which came into effect on Friday 20 March 2015, would give single age pensioners in Pearce a $5.90 boost to their fortnightly payments ($153.40 p.a) while couples will receive an extra $8.80 a fortnight ($228.80 p.a).
“These increases will see the maximum age pension rise to $860.20 a fortnight for single pensioners and $1,296.80 for couples,” Mr Porter said.
“The latest boost further exposes the false and misleading scare campaign from Labor and Bill Shorten who claim the age pension has been cut.
“The increases are in addition to the increase pensioners received from the abolition of the Carbon Tax and the Coalition Government’s decision to retain the Carbon Tax compensation of $14.10 per fortnight for single pensioners and $21.20 for couples.
“When these measures are taken into account pensioners in Pearce are effectively $66 better off per fortnight for singles and almost $100 better off for couples since the election.”
Mr Porter said there was also good news for part pensioners in Pearce. Income tested part-pensioners would receive a double boost to their payments as lower deeming rates come into effect amounting to $200 million in additional payments over the forward estimates.
“On average Pearce part pensioners will get an extra $3.20 a fortnight or $83.20 a year as a result of this Coalition Government decision,” Mr Porter said.
“Combined with this March increase, age pensioners across Australia will receive $22 million in increased payments every fortnight, or more than half a billion a year.
“I am pleased to be part of a Government that is delivering these increases to help pensioners in Pearce deal with the cost of living. We are committed to ensuring our welfare system looks after those who need it most and that this assistance is sustainable in to the future.
“Labor has no plan to secure the pension. Labor only has a plan to scare Pearce pensioners and cause needless anxiety for some of our most vulnerable Australians.”
The Newstart Allowance, Parenting Payment Partnered, Widow Allowance, Partner Allowance and Sickness Allowance will also increase as a result of the March indexation.
Full details of all rates and thresholds indexed today can be found at https://www.dss.gov.au/about-the-department/benefits-payments