how much sassa grant for old age 2024-2025

how much sassa grant for old age 2024-2025

Citizens, permanent residents, and refugees over the age of 60 who do not have any other means of financial support are eligible for the Older Person’s Grant, also referred to as the state old-age pension. This grant is intended to assist our elderly residents in managing their finances as they age.

An older person’s grant is available to you if you:

• are either refugees, permanent residents, or citizens of South Africa.
• Live in South Africa.
• Are 60 years or older.
• Are not living in a state institution.
• Are not receiving payments from another social grant.
• Your spouse must comply with the means test.
• You must submit your identity document (ID).
• If you’re single, you can’t make more than R86 280, or R172 560, if you’re married.
• If you’re single, your assets can’t be more than R1 227 600, or R2 455 200, if you’re married.

The means test

The grant is only available to individuals with monthly incomes below a predetermined threshold. A means test is a test used to make this decision.

The South African Social Security Agency (SASSA) examines a person’s assets and income when determining whether or not they are eligible to receive a social grant because social assistance, like state grants, is intended for those who are unable to support themselves.

What is the grant for the elderly person?

• Every year, the number of elderly grants changes. At this time, the maximum monthly amount you can receive is R1 980. You will receive R2,000 if you are over 75 years old. Every year, the national budget speech or the opening of Parliament reflects any changes in grant amounts.

What is the cost of the 2022 Sassa old age grant?

• The most extreme sum that you will get is R1 980 every month. You will receive R2,000 if you are over 75 years old.