Anthony Albanese’s government to give $4000 cash boost to thousands of Aussies on Centrelink
Age pensioners will be able to pick up extra shifts and earn some extra cash before Christmas without losing their benefits.
New laws increase the amount they can earn by $4000 to $11,800 from December 1 until the end of 2023 before their pension starts to taper.
It will benefit more than 50,000 pensioners in the workforce.
The new laws also scrap the need to reapply for their payment for up to two years if they exceed the income limit.
The pension is currently cut off after the income limit is exceeded for three months.
More than 50,000 pensioners will benefit from a change to their benefits enabling them to earn more
Social Services Minister Amanda Rishworth said the changes would help address crippling workforce shortages.
‘Older workers are an untapped market, having years of knowledge and skills to offer employers,’ she said.
‘Giving older Australians the choice to engage in the workforce will not only benefit them, it is also an important step towards addressing Australia’s labour shortages.’
Eligible pensioners do not need to do anything, the increase will be automatically credited into their income bank, so they will be able to earn an additional $4000 from employment income from 1 December 2022 until 31 December 2023.