About Retirement Logo 3 Final White About Retirement

Stimulus payments for pensioners

Stimulus payments for pensioners

Extra Payments for Pensioners

During 2020 Australian government provided two separate payments of $750 each to eligible households and then two further payments of $250 each are made recognising the ongoing impact of the Coronavirus pandemic.

The first lot of $250 was already paid in December and the second payment of $250 is to be paid in March 2021 with your eligibility calculated on 26 February 2021.

Who’s eligible for the $250 payment?

This payment is not just for pensioners. If you receive any of the following payments or if you hold any of the following healthcare cards, then you’re eligible:

  • Age pension
  • Disability Support Pension
  • Carer Payment
  • Family Tax Benefit, including the Double Orphan Pension (but not in receipt of a primary income support payment)
  • Carer Allowance (but not in receipt of a primary income support payment)
  • Pensioner Concession Card (PCC) holders (not in receipt of primary income support payment)
  • Commonwealth Seniors Health Card holders
  • Eligible Veterans’ Affairs payment recipients and concession card holders

Will the payment be taxed?

No, the payment won’t be taxed, and it also won’t be counted as income under Income Test for the purposes of any income support payments.

All economic support payments were welcomed by Australian’s bodies representing older retirees when the Budget was originally announced together with all ongoing updates and benefits for retirees.

Another great news for pensioners is the increase in Age Pension payments. Read more

 

Say Hi on Social

Interesting Read

13 Financial Mistakes We All Make

ebook-cover About Retirement

Client’s Testimonials

For me, the nickname I gave her back then of ‘Wonder Woman ‘ still stands!

Andrew Banks Wainwright

More Great Read

12 Principles of Investing

Principles of Investing
Stimulus payments for pensioners

Calculators & Forms

A tiny request: if you liked this article, please share it

Most people don’t share articles, thinking that one share will not make a difference, but believe when I say, each article takes hours of putting it together, and I create them as I really want to make a difference in people’s lives.

So thank you so much for your support. Not only you will seriously help this blog to grow, but more importantly you will help people who might need this information and advice.

Some great suggestions how you can share it:

  • Pin it!
  • Share it on Facebook
  • Tweet it
  • Email to your friends and colleagues

It won’t take any more than 10 sec, as I’ve created all share buttons here for your convenience 😊

Just pick your favourite button from the left side of this post, write your note and it’s done. THANK YOU

Ethical Investing

Ethical Investing

Ethical Investing Ethical Investing When you enter my website AboutRetirement.com.au, you will immediately find lots of financial information about retirement.  You just cannot miss that I love working with people who are serious about taking the time to be well...

read more
Age pension and travel overseas

Age pension and travel overseas

Age Pension and Travel Overseas Age Pension and Travel Overseas Now that Covid is no longer such a thread, international borders have opened, all airlines are just waiting for you to jump on the plane and cruises boats are awaiting new passengers, many retirees start...

read more
Age Pension Work Bonus

Age Pension Work Bonus

Age Pension Work BonusAge Pension Work Bonus Age Pension rules are complicated, and Work Bonus is no different. It can be very beneficial for some pensioners and not apply to others, so hopefully today I will be able to simplify this Age Pension benefit for you.  I...

read more

Select More Resources

News

Books

Videos

Calculators

financial mistakes

13 FINANCIAL MISTAKES WE ALL MAKE

 

Where should we send your free copy?

You have Successfully Subscribed!

Pin It on Pinterest

Share This