Federal Budget 2024:
Cost-of-living wins
for seniors

National Seniors Australia celebrates three successful outcomes

Budget wins

Energy Rebate

The Federal Government has provided a one-off $300 energy rebate in the 2024 budget for all households. In Queensland, the total rebate will be $1000 (on top of the existing $372 Energy Rebate for seniors).

Deeming rates

Freeze on deeming

A 12 month freeze on deeming rates has been provided in the 2024 Budget until 30 June 2025 ensuring pension payments do not reduce as inflation rises. This extends the initial two-year freeze that was ending on 30 June 2024.

Rent assistance

10% increase to Commonwealth Rent Assistance

A 10% increase to the maximum rate of CRA was announced in the 2024 Federal Budget. This increase will begin from September 2024 and is on top of the 15% increase provided in the 2023 Budget to assist renters with rising housing costs.

Our priorities

National Seniors is calling for a reduction in the fuel excise; a cost-of-living rebate of up to $500; a targeted Pensioner Concessions Card for those in need and a further 12-month freeze on deeming rates.

National Seniors is calling for a full review of the private health system; an increase in the Private Health Insurance Rebate for people on low income and targeted Seniors Dental Benefit Scheme.

National Seniors is calling for support for people who share their home; an exemption from the assets test for downsizers and an increase in rent assistance.

National Seniors is calling for an exemption of work income from the Age Pension income test for people working in the care sector, including aged care and disability care.

National Seniors is calling for an increase in Age Pension gifting limits to support people who give to charity or to younger generations.

How we're making a difference

National Seniors Australia has been fighting for older Australians for over 40 years.
As a not-for-profit organisation, we work hard to achieve better outcomes for older Australians and have achieved many wins.
See what we've successfully lobbied for:

View advocacy wins

Become a National Seniors Member

National Seniors members have exclusive access to a range of benefits and services including discounts on Travel, Health and Life Insurance, and our new EAT | PLAY | SAVE Discounts app – developed in partnership with Frequent Values by Entertainment.

Redeem offers Australia-wide on dining, takeaway, shopping, gift cards, local services, and more. Discounts can be redeemed repeatedly, daily, meaning members can enjoy discounts of up to 20% every day, even if they’ve used that discount previously.

Along with the app, enjoy a yearly subscription to Our Generation magazine, access to local community branches, our Financial Information Consultant for independent information, tools and resources, and more.

For only $49.50 you can become a member online via the below button, or you can contact our friendly Membership team on 1300 76 50 50.

Donate

National Seniors is the leading not-for-profit organisation fighting for a fair go for older Australians.

We rely on people like you to donate so we can continue to tackle issues such as age discrimination, accessible housing, pension poverty, health costs, aged care, improve retirement income and provide more home care places so that older Australians can live safely and make ends meet.