Finance

$250 Centrelink payment sent to 5.1 million Aussies from next week

Around 5.1 million Australians are set to receive two $250 payments.

The payments were originally unveiled as part of the 2020-21 budget and have now been rubber-stamped.

They are set to be paid progressively from 30 November 2020 and the second from 1 March 2021.

Those eligible for the handout include aged and disability pensioners, veterans, people on carer payments and family tax benefit recipients, as well as (CSHC) and pensioner concession cardholders.

“We can now deliver more practical support to older Australians, families and young people through these targeted, temporary initiatives in our social security system,” Minister for Families and Social Services Anne Ruston said.

The payments are set to support more than 2.5 million Age Pensioners, about 400,000 self-funded retirees with more than 1 million people with disabilities and carers, and 760,000 low-income families.

National Seniors Australia has advised self-funded retirees to check their eligibility for the handout too.

The country’s peak consumer group for older Australians says tens of thousands of self-funded retirees may be under the impression they don’t qualify for the CSHC – when they do.

Changes to deeming rates used as part of the CSHC income test have improved eligibility for the card, and therefore the budget stimulus payments.

5.1 million Aussies sent $250 from next week Credit: Kritchanut/Getty Images/iStockphoto

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