Tue. Jun 18th, 2024

Latest Update: June 2024 SASSA Old-age Pension Grants

Following the General Elections, we delve into payment dates, amounts, and all the latest on June 2024 SASSA Old-age Pension Grants.

June 2024 SASSA Old-age Pension Grants

Amid the uncertainty surrounding the General Elections, June 2024 SASSA Old-age Pension Grants are next payable this coming Tuesday, 4 June 2024. As the nation awaits the outcome of one of its closest votes in 30 years, eligible beneficiaries are urged to manage their finances prudently.

It’s essential to note the recent 12.8% electricity tariff hikes from Eskom, surpassing inflation, and the 4.8% grant increases by the South African Social Security Agency earlier this year. Though food inflation has slightly decreased from over 6.0% in recent weeks, the volatility in everyday items remains a concern. Additionally, the formation of coalition governments with the ANC in the coming weeks may influence the future of SASSA grants in the medium to long term.

10 Benefits of Joining a Stokvel for SASSA Grant Beneficiaries

June 2024 SASSA Old-age Pension Grant Details

Currently, old-age pensioners receive R2,180 (over 60) and R2,200 (over 75), while individuals with disabilities receive R2,180. These amounts will increase nominally by R10 in October 2024. However, studies suggest that this increment is insufficient to meet the needs of beneficiaries.

More Than One Mouth to Feed

Studies reveal that approximately 4 million old-age pension beneficiaries support households of four or more, with an average household income of just R6,850 (or R1,370 per person). Consequently, many pensioners often have to forego essential needs like chronic medication and healthcare to afford basic necessities.

Old-age pensioners lacking adequate financial support are 50% more likely to suffer from illnesses such as diabetes, hypertension, arthritis, and sight, mobility, and cognitive difficulties. Thus, it is imperative to prioritize the well-being of our elderly citizens who have contributed to building the nation.

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How to Apply for a SASSA Old-age Grant

June 2024 SASSA Old-age Pension Grants mark the first payment cycle after the General Election. To apply for a government old-age pension, you or a representative must visit any SASSA branch. You must be 60 years or older and provide the following documents:

  • 13-digit bar-coded identity document (ID).
  • Proof of marital status.
  • Proof of residence (utility bill).
  • Proof of income and/or dividends.
  • Asset information, including property value.
  • Declaration of a private pension (if applicable).
  • Three months’ certified bank statements.
  • UIF membership ‘blue book’ or discharge certificate.
  • Copy of your will and liquidation accounts (if applicable).
LATEST UPDATE: SASSA Grant Beneficiaries In Joining a Stokvel

Pass the Means and Asset Test

To qualify for June 2024 SASSA Old-age Pension Grants, beneficiaries must pass an asset and means test:

  • Single individuals must earn below R8,070 per month.
  • Married couples’ combined income must not exceed R16,140 per month.
  • Asset limits are R1,372,800 for singles and R2,745,600 for married couples.
SASSA Payment Dates for June 2024

Upcoming SASSA Old-age Payment Dates

  • Tuesday, 4 June 2024
  • Tuesday, 2 July 2024
  • Friday, 2 August 2024
  • Tuesday, 3 September 2024
  • Wednesday, 2 October 2024
  • Tuesday, 5 November 2024
  • Tuesday, 3 December 2024

SASSA reminds beneficiaries that old-age pension grants in June 2024 may take 2-3 days to reflect in their bank accounts.

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