Members are asking some very good questions about the Federal Government’s $750 one-off payment as part of its coronavirus economic stimulus package.
From March 31, the government wants you to spend the one-off payment help to boost the economy.
6.5 million people are expected to receive the payment, including 2.4 million pensioners.
This includes people on the Age Pension, Newstart, the Disability Support Pension, Carers' Allowance, Youth Allowance, Veterans’ Affairs payments, Family Tax Benefit and those holding a Pensioner Concession Card or Commonwealth Senior Health Card.
People who already receive these payments or hold these cards will get the cash automatically.
You don’t need to do anything.
Centrelink will pay you the $750 Economic Support Payment if you get 1 of the following payments:
- Age Pension
- Disability Support Pension
- Carer Payment
- Carer Allowance
- Parenting Payment
- Wife Pension
- Widow B Pension
- ABSTUDY (Living Allowance)
- Bereavement Allowance
- Newstart Allowance
- Youth Allowance
- Partner Allowance
- Sickness Allowance
- Special Benefit
- Widow Allowance
- Farm Household Allowance
- Family Tax Benefit A
- Family Tax Benefit B
- Double Orphan Pension.
You’ll also get the payment if you have 1 of the following concession cards:
- Pensioner Concession Card
- Commonwealth Seniors Health Card
- Veteran Gold Card.
You’ll also get the payment if you get 1 of the following Department of Veterans’ Affairs payments:
- Veterans Service Pension
- Veteran’s Income Support Supplement
- Veterans’ Compensation payments
- War Widow(er) Pension.
You’ll only get 1 payment, even if you get more than 1 qualifying payment or card.
The payment is subject to legislation passing. It won’t be counted as income for social security payments, Farm Household Allowance and veterans’ payments. It’s tax exempt. They won’t use this payment to pay off an existing Centrelink or Child Support debt.
As the nation's largest not-for-profit organisation for older Australians, we're committed to bringing you accurate, up to date information on COVID-19.
We also run a number of free campaigns aimed at tackling issues such as:
- Pension poverty
- Out of pocket health costs
- Inequities in the retirement income system
- Cost of living; and more.
You can show your support by joining our campaigns here.
You can also help us improve outcomes for older Australians (and enjoy a host of discounts and benefits) by becoming a National Seniors member.