Your pension is set to increase

The Age Pension, Disability Support Pension and Carer Payment benefits will all rise in accordance with indexation this month. These pension increase came into effect just 48 hours ago, on March 20th.

The maximum pension payment rates now apply, although the Energy Supplement is no longer subject to indexation. It will remain at its current rate of $14.10 for singles and $10.60 for couples.

However, not all pensioners are happy about this. “So we get a $10.20 increase, I’m not sure if that will cover my immediate problems”, one commented online.

Source: Your Life Choices 

Whilst another pensioner added, “My groceries bill have increased more than 20% in the last couple of months. Let those politicians go and do a bit of shopping and then… How are they going to feel?”

Have you received a little extra in your pension fund? Does more need to be done to support Aussie pensioners?