Millions of Australians on Centrelink will have their payments boosted under indexation changes that come into effect tomorrow.

More than five million people will benefit from the change on March 20, including pensioners, renters and job seekers.

JobSeeker recipients will be between $3374 and $5038 better off per year as a result of indexation.

Starting March 20, pension recipients such as those on the age pension, disability support pension, and carer pension will see an increase in their maximum single rate by $4.60 to $1149 every fortnight.

For partnered pensioners, the maximum pension rate will rise by $3.50 to $866.10 fortnightly, or by $7 to $1732.20 per fortnight for couples receiving the pension together.

Both rates include the pension supplement and energy supplement.

Those receiving the parenting payment as single recipients will receive an additional $4 every fortnight, bringing their total fortnightly payment to $1030.30, inclusive of the pension supplement, pharmaceutical allowance, and energy supplement.

For a single recipient of JobSeeker payment aged 22 and over without children, indexation will deliver a $3.10 increase to their fortnightly payments, bringing the payment to $789.90 including the energy supplement.

Each person in a couple on JobSeeker payment, ABSTUDY (aged 22 and over) or Parenting Payment Partnered will receive an additional $2.80 per fortnight.

The fortnightly rate will increase to $723, including the energy supplement.

Minister for Social Services Amanda Rishworth said the changes would help Australians at “whatever age or stage they’re at in life”.

“Indexation is a critical part of our social security safety net,” Rishworth said when the changes were announced.

“For pensioners and other payment recipients receiving this financial boost, this will help ease some pressure.”