When first $250 payments from Centrelink will be paid: Who is entitled to the $250 government payment?
Millions of Australians will begin receiving the first of two significant cost-of-living payments within weeks.
A key measure in last Tuesday’s federal budget was a one-off $250 cash payment for vulnerable Australians.
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Some six million Australians – pensioners, carers, veterans, job seekers, eligible self-funded retirees and concession card holders – are eligible for the payment.
$250 payment date
The budget said the payment would be rolled out sometime this month – with Services Australia now saying the first payments will be made on April 28.
It adds, however, that date is subject to legislation.
Who is eligible for the $250 payment?
Eligible Australians do not need to apply, it added, saying that the payments would be issued automatically.
These are the eligible payments:
The eligible concession cards are these:
You’ll only get the $250 payment once, even if you’re eligible for one of the payments above and are a concession card holder.
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The cost-of-living payment is one of two keystone measures unveiled in the federal budget – the other being a tax offset for low and middle income earners.
That $420 offset will be paid out in addition to the LMITO – the low and middle income earner tax offset – to the tune of up to $1080.
That means that when people earning less than $126,000 file their tax return in July, they could receive up to $1500 in offsets.
The amount offset is dependant on taxable income reported.
– Those earning $37,000 or less, receive an extra $675 offset in their tax returns.
– Those earning between $37,001 and $48,000 receive between $675 and $1500.
– Those earning between $48,001 and $90,000 receive the maximum $1500 offset.
– Those earning between $90,001 and $126,000 receive $1500 minus three cents for every dollar over $90,000.
– Those earning $126,000 or more will not receive an offset.
Treasurer Josh Frydenberg says the measures are designed to “help individuals meet rising cost of living pressures”.