RECAP on SASSA Old-Age Pension increases for 2024
During a difficult time of year for the elderly, let’s recap the SASSA Old-Age Pension increases for 2024 that came into effect 18-weeks ago.
You may recall that SASSA old-age pension increases for 2024 came into effect back on 1 October 2023. That was 18-weeks ago and represented a R10 increase for the duration of 2024. Until, presumably, a new increase by the South African Social Security Agency takes places again in October of this year.
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Goodness knows, in this economy, old-age pension increases for 2024 of R10 don’t amount to much. However, for the elderly who find themselves on government grants that cater for 60% of their income, every Rand and cent counts at the backend of ‘Janu-worry’.
OLD-AGE PENSION INCREASES FOR 2024
To recap, the old-age pension increases for 2024 up the take-home amount to R2 090 for anyone between the ages of 60- and 74-years old. And R2 110 per month for pensioners over 75-years of age.
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If you or an elderly loved one are looking to get old-age pension support from the government in 2024, here’s what you need to know:
- You must be 60-years of age or older.
- Reside permanently in South Africa.
- Have no source of financial income that exceeds the means test.
PLAN THREE-MONTHS AHEAD
The processing of an application for a SASSA pension grant in 2024 can take upwards of three months. If and when your SASSA grant is accepted, however, you will receive back-dated funds from the time you applied.
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SASSA grants for pensioners can be received in the following ways:
- Through institutions such as an old-age home.
- Paid cash at pre-selected pay points on predetermined days.
- Electronic deposit to a bank of your choice (normal banking fees apply).
- You may also assign someone power of attorney to collect your SASSA grant for you.
SASSA CONTACT INFORMATION
- Call the SASSA toll-free line: 0800 601 011.
- SASSA Western Cape: 021 469 0200.
UPCOMING SASSA PAYMENT DATES FOR OLDER PERSONS
- Friday 2 February 2024.
- Tuesday 5 March 2024.
- Wednesday 4 April 2024.
The social security agency reminds beneficiaries that payments may take 2-3 days to reflect.
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