More than a million Australians will receive a cash boost in less than a month.
Social Services Minister Tanya Plibersek today announced that after a new round of indexation, social security payments would increase for Australians receiving youth allowance, Austudy, ABSTUDY, youth disability pension, and carer allowance payments.
The changes will kick in from January 1, 2026.
Social security payments will get a boost in the new year. (iStock)
A single adult living away from home with no dependents, who receives youth allowance, will see their maximum fortnightly payment increase to $684.20.
Income thresholds for student payments will also increase, as well as the parental income test threshold for Youth Allowance and ABSTUDY.
About 680,000 people receiving the carer allowance will see their payments increase to $162.60 a fortnight.
This is in addition to carer supplement payments and other social security support that carers may also be receiving.
“Thanks to indexation, more than one million Aussies balancing study or caring responsibilities will receive a boost to their payments,” Plibersek said.
