Is there SASSA pension increase?

2024 SASSA Old-Age Pension Grant increases came into effect on 1 October 2023. The R10 increase for 2024 may not sound like a lot, but every Rand and cent counts for the elderly during this difficult time of year.

The 2024 SASSA Old-Age Pension Grant increase takes the amount to R2 090 for anyone between the ages of 60- and 74-years old. And R2 110 per month goes to anyone over 75-years of age.

2024 SASSA OLD-AGE PENSION GRANT

For you or an elderly loved one to qualify for a 2024 SASSA Old-Age Pension Grant they must comply with the following:

  • Be 60-years of age or older.
  • Permanent residents and refuges in South Africa.
  • Have no source of financial income and pass the means test.

Follow the link HERE to check the full list of requirements. Note that the application cannot be done online, it must be processed in-person at a SASSA branch. The processing of an application for a 2024 SASSA Old-Age Pension Grant can take upwards of three months.

If and when your SASSA grant is accepted, however, you receive back-dated funds from the time you applied. You can appeal to the ruling within 90 days if, for whatever reason, your SASSA grant application is denied.

Note that existing SASSA Old-Age Pension Grants will be suspended in the following cases:

  • The applicant passes away.
  • You are taken into a state institution funded by government. This includes a prison, rehabilitation center, etc.
  • Your circumstances change for the better.
  • You misrepresent yourself and your access to means and commit fraud.
  • Any mistakes occurred at the time of grant approval.
  • You fail to comply in any way during the review of your grant.
  • If you leave South Africa for 90 days or more
See also  The Two-Pot Retirement System in South Africa: Taxes and Flexibility

We expect the Disability grants, foster care grants, child support grants, and war veterans grants to rise in the new financial year. These grants will be beneficial for around 17.5 million beneficiaries in 2023–2024. You will have to wait for some more time to get complete details on how much will the SASSA grants increase in the new year.

SASSA Grants Payment

Every year, the government assesses the worth of social grants and makes SASSA payments after taking inflation, unemployment, and living expenses into account. These social subsidies, which come in the form of monthly payments, are intended to help people meet basic needs, including clothing, food, and housing.