$987.70 Payment +$28.30 Pension Supplement in November 2024: The Parenting Payment, provided by the Australian government, offers critical financial support for single and partnered parents. As of November 2024, eligible single parents can receive $987.70 per fortnight, which includes a $28.30 Pension Supplement to help cover essential living costs. Partnered parents can receive up to $698.30 per fortnight. This support assists parents in managing the demands of raising children, especially on a limited income. This article covers the payment breakdown, eligibility, claim process, budgeting tips, and additional resources.
$987.70 Payment +$28.30 Pension Supplement in November 2024
| Key Information | Details |
|---|---|
| Payment Amount for Single Parents | $987.70 per fortnight (including $28.30 Pension Supplement) |
| Payment Amount for Partnered Parents | $698.30 per fortnight |
| Eligibility | $987.70 per fortnight (including a $28.30 Pension Supplement) |
| Income Limit for Single Parent | Up to $220.60 per fortnight (before payment reduction) |
| Income Limit for Partnered Parent | Payment decreases above $150 combined income |
| Asset Limits | $314,000 for single homeowners, varies for others |
| Payment Day | Wednesdays or Thursdays, depending on CRN |
| Application Process | Via myGov linked to Centrelink |
| Official Website | Services Australia |
The Parenting Payment, along with the Pension Supplement, provides crucial financial support for Australian parents raising young children. By understanding eligibility requirements, budgeting effectively, and making the most of available resources, parents can alleviate financial stress. Staying informed and organized with Centrelink updates will help ensure you’re receiving the correct amount.
Understanding the Parenting Payment and Pension Supplement
The Parenting Payment is a financial aid provided by Centrelink for parents of young children, helping to cover everyday expenses like food, clothing, housing, and utilities. The Pension Supplement is added to this payment to cover essential bills such as electricity and medical expenses. The total amount for single parents stands at $987.70 per fortnight, with the Pension Supplement included to adjust for the cost of living.
Who is Eligible for the Parenting Payment?
To qualify for this benefit, applicants must fulfill specific requirements:
Primary Carer Requirement
- Single Parents: Must be the primary caregiver of a child under 8.
- Partnered Parents: Must be the primary caregiver of a child under 6.
Residency Requirement
Applicants must be Australian residents and be physically present in the country at the time of claim submission.
Income and Asset Tests
Income Limits
- Single Parents: Can earn up to $220.60 per fortnight before the payment starts to reduce. Each additional dollar reduces the payment by 40 cents.
- Partnered Parents: Payments are reduced when the combined income exceeds $150 per fortnight. The payment decreases by 50 cents for every dollar over $150 and by 60 cents for each dollar the partner earns over $1,345.
Asset Limits
Asset limits also apply, depending on housing status:
- Single homeowners can have up to $314,000 in assets.
- For non-homeowners or partnered parents, limits vary.
For further income and asset tests, refer to the Services Australia Parenting Payment page.
Payment Schedule: Understanding Your Payment Dates
Parenting Payments are disbursed fortnightly. The specific payment day depends on your Centrelink Customer Reference Number (CRN):
- Odd-numbered CRNs: Payments on Wednesdays.
- Even-numbered CRNs: Payments on Thursdays.
These payments are adjusted biannually, typically in March and September, to align with inflation.
How to Apply for Parenting Payment: Step-by-Step Guide
Step 1: Set Up Your myGov Account
If you don’t have a myGov account, create one at myGov and link it to Centrelink.
Step 2: Verify Your Identity
Verify your identity on myGov using a passport, driver’s license, or Medicare card.
Step 3: Submit Your Claim
Log into Centrelink through myGov, choose Make a claim or view claim status, and select Apply for Parenting Payment.
Step 4: Provide Additional Documentation
You may need to submit extra documents like income statements or child support proof based on your circumstances.
Step 5: Track Your Claim Status
Check the progress of your claim via myGov. If Centrelink needs additional information, they’ll notify you.
Tips for Managing Your Parenting Payment
Making the most of your Parenting Payment involves careful budgeting and smart financial planning. Here are some tips to help you maximize your resources:
1. Prioritize Essential Expenses
List out essential monthly expenses – rent, utilities, food, and transportation – and ensure these are covered first. Then allocate funds for secondary needs.
2. Set Up a Budget and Stick to It
Break down your fortnightly payment into weekly spending limits. Use budgeting tools or apps like Pocketbook or MoneyBrilliant to track and manage your expenses.
3. Explore Concessions and Discounts
Many states offer discounts on utilities, public transportation, and health services for Parenting Payment recipients. For example, check with your local council for concession card discounts on electricity and water bills.
4. Create an Emergency Fund
Set aside a small amount each month to build a safety net for unexpected expenses, such as medical bills or home repairs.
Real-Life Example
Case Study: Emma, a single mom with a 5-year-old son, receives the Parenting Payment and Pension Supplement. By setting up a budget and using community resources, Emma managed to save enough to cover her son’s extracurricular activities.
Checklist: Ready to Claim Parenting Payment?
Before submitting your claim, make sure you have:
- A myGov account linked to Centrelink
- Proof of identity documents (e.g., passport or driver’s license)
- Income and asset statements for yourself and your partner (if applicable)
- Any additional documents requested by Centrelink
Use this checklist to ensure you have all documents prepared to avoid delays.
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Frequently Asked Questions (FAQs) $987.70 Payment +$28.30 Pension Supplement in November 2024:
1. What if my income changes?
Update any income changes with Centrelink to ensure your payment amount is correct.
2. Can I receive other benefits along with Parenting Payment?
Generally, Parenting Payment cannot be received with other major benefits like Newstart Allowance. However, you may qualify for additional supplements.
3. How often is the payment reviewed?
The payment amount is adjusted twice a year in March and September.
4. How do I track my claim?
Check your claim status via myGov. Centrelink will update you if additional information is required.
