As a pensioner in South Africa, you may be wondering how much money you can expect to receive from the South African Social Security Agency (SASSA) every month. The answer to that question depends on which category of pensioner you fall under.
SASSA provides financial assistance to pensioners in three categories: Old Age (below the age of 75 years), Old Age (above the age of 75 years), and War Veterans. The amount of money you can receive each month from SASSA depends on which category you belong to.
For the 2023/2024 fiscal year, SASSA has announced a two-fold increase in pension payments. Starting from April 2023, pensioners in each category will receive an additional R90 on top of their current monthly payment of R1990, R2010, and R2010 respectively. Then in October, each pensioner will receive an additional R10 on top of that.
So, let’s break it down for each category of pensioner:
- Old Age (below the age of 75 years):
If you are a pensioner in this category, you will receive a monthly payment of R2080 starting from April 2023. In October, your payment will increase to R2090.
- Old Age (above the age of 75 years):
If you are a pensioner in this category, you will receive a monthly payment of R2100 starting from April 2023. In October, your payment will increase to R2110.
- War Veterans:
If you are a pensioner in this category, you will receive a monthly payment of R2100 starting from April 2023. In October, your payment will increase to R2110.
Here’s a table that shows the monthly payments for each category of SASSA pensioners, as well as the new amounts they will receive after the April 2023 and October 2023 increases:
Category | Current monthly payment | April 2023 payment | October 2023 payment |
---|---|---|---|
Old Age (below 75 years old) | R1990 | R2080 | R2090 |
Old Age (above 75 years old) | R2010 | R2100 | R2110 |
War Veterans | R2010 | R2100 | R2110 |
As you can see, each category of SASSA pensioner will receive an increase in their monthly payment starting from April 2023, with an additional increase in October 2023. These increases are intended to provide additional financial support to pensioners in South Africa and help ensure that they can maintain a basic standard of living.
Read Also: How to Apply for SASSA Old Age Grants
It’s important to note that these payment amounts are subject to change based on inflation and other economic factors. However, the government has committed to providing financial assistance to pensioners in South Africa, and SASSA will continue to play a crucial role in ensuring that pensioners receive the support they need.
In conclusion, if you are eligible for a SASSA pension, you can expect to receive a monthly payment depending on which category of pensioner you fall under. The amounts are set to increase from April 2023, with an additional increase in October. These payments are intended to provide financial assistance to pensioners in South Africa and help ensure that they can live their lives with dignity and security.
Source: SASSA
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