Lantern Financial Group reposted this
📢 Exciting News for Youth, Students, and Carers! 📢 Starting January 1, 2025, over one million Australians will see an increase in their support payments thanks to the latest round of indexation! 🎉 Here are some key highlights: • Youth Allowance: Single recipients with dependent children will see an increase of $30.60, bringing the maximum rate to $845.80 per fortnight. • Austudy: Payments for single or partnered recipients with no dependent children will rise to $670.30 per fortnight. • Carer Allowance: Over 600,000 carers will receive an increase of $5.80, making the new rate $159.30 per fortnight. • ABSTUDY Living Allowance: For Masters and Doctorate students, the maximum rate will increase to $1,285.40 per fortnight. • Parental Income Test Threshold: For Youth Allowance, this will increase to $65,189 a year. These changes are part of the Albanese Labor Government's commitment to helping Australians manage cost of living pressures and ensuring a strong social security safety net. 💪 For more details, check out the full announcement here. https://lnkd.in/gSuzJ3h8 #YouthAllowance #Austudy #CarerAllowance #ABSTUDY #SocialSecurity #CostOfLiving
