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Final pandemic payment in March but pension rise is a maybe | The Senior



Many older Australians can look forward to a financial boost in late March with the final $250 economic support payment heading for bank accounts and a possible, albeit small, increase in the age pension.

The economic support payment follows payments made last year to bolster the economy.

Those eligible are recipients of an age pension, carer allowance, carer payment, disability support pension, double orphan pension and family tax benefit, and holders of Pensioner Concession and Commonwealth Seniors Health Cards.

Pensions traditionally increase on March 20 and September 20 and are determined by the higher of increases in the Consumer Price Index (CPI) or the Pensioner and Beneficiary Living Cost Index; and benchmarked against movements in…

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