Under the Financial Year 2024 Budget, SASSA has increased the Old Persons Grant by R100, which means that the new grant amount is R2 180/month for recipients between 60 and 74 years old and R2 200/month for beneficiaries over 75 years old.
Meanwhile, the Finance Department has already indicated that Old Age Pension will rise by R10 in October 2024, accumulating a grant amount of R2 190 for recipients between 60 and 74 years old and R2 210 for aspirants over 75 years.
Beyond increasing the grant amounts, SASSA has also revised the eligibility standards for the Old Age Grant. For instance, applicants of Old Age Pensions must not earn more than R97,320/Year, and their assets cannot be worth more than R1,379,400.
SASSA Old Age Pension New Grant Amount
SASSA Old Age Pension is a flagship Social Venture in South Africa since it benefits over half a million people over 65 years. In the meantime, the organization offers simple yet value-added mechanics to Apply For the SASSA Pensioner Grant.
Since South Africa is facing increasing inflation, the Government has decided to increase Old Age Pension Amounts. After approval from the Finance Department, SASSA now pays R2 180 for beneficiaries between 60 and 74 years and R2 200 for recipients over 75 years.
Tips For Instant Approval
In short, an increase in the SASSA Old Person Grant Amount is a considerable step by the South African Government to encounter increasing poverty.
Meanwhile, the organization has already notified the potential recipients regarding the change in grant and eligibility standards for Old Age Pension in 2024.
However, applicants can visit the Official SASSA Website to hook up with the latest news and updates about the SASSA Old Age Grant.
