Eligible pensioners will receive a one-off $4,000 boost to Work Bonus balances from 1 December, 2022. The $4,000 bonus will lift the income cap lift from $7,800 to $11,800 for eligible pensioners.
The Work Bonus income bank is useful for pensioners who wish to work, particularly those who undertake intermittent or occasional work. Note: from 1 December 2022 to 31 December 2023, a one-off, temporary credit of $4,000 applies to Work Bonus income bank balances.
Eligible pensioners have had $4,000 credited to their Work Bonus balance since 1 December 2022, increasing the maximum Work Bonus balance from $7,800 to $11,800. This measure extends the increase to 31 December 2023.
Pensioners To Receive $4,000 Boost To Centrelink Payments Until December 2023.
From 1 December 2022 to 31 December 2023, your maximum Work Bonus balance limit increases from $7,800 to $11,800. This will reset to $7,800 on 1 January 2024. You'll also get a one-off increase of $4,000 to your Work Bonus balance during this period. Work Bonus is not money you can draw on to use for other things.
If you're a pensioner currently receiving support through Centrelink, you may be eligible for extra help with bills and medicine costs through the Pension Supplement. This supplement is a combined payment of Pharmaceutical Allowance, Utilities Allowance, GST Supplement and Telephone Allowance.
On 1 February 2022, the Federal Government announced aged care workers would be eligible to receive a bonus payment of up to $800.
This payment is for those who start studying at any point in the year immediately after completing year 12 or equivalent. If you're eligible, you can only claim the Tertiary Access Payment from January 1 to December 31 in your first year of tertiary study.
In the first week after this vaccination rate was reached, a $450 payment rate would apply for those who had lost eight or more hours of work (or a full day of their usual hours per week) except for those on income support who could receive a rate of $100.
As a temporary measure introduced in September 2022, age pensioners will be able to earn an extra $4000 this financial year.
Aussies who compare energy providers will receive a one-off $250 payment, as part of a new NSW election promise. NSW households will receive a $250 cost-of-living payment for comparing energy providers, if the Coalition is re-elected in March.
From 1 December 2022 to 31 December 2023, the Work Bonus balance increases from $7,800 to $11,800 – reverting back to $7,800 from 1 January 2024. Plus, a $4,000 Work Bonus increase was applied to all Work Bonus Income Bank balances on 1 December 2022 (up to a maximum of $11,800).
Make your claim
If your Centrelink account is linked to myGov you can claim online. To do this: Sign in to myGov. Select Make a claim or view claim status, then Make a claim.
The Government has provided two separate $750 payments to social security, veteran and other income support recipients and eligible concession card holders. Around half of those that benefit are pensioners. These payments will support households to manage the economic impact of the Coronavirus.
The Cost of Living Payment is a $250 one-off payment to help with the cost of living. The Cost of Living Payment is not taxable, and you don't need to report it as income. You'll get it if you were residing in Australia on 29 March 2022, and: you were able to claim, or were getting an eligible payment.
Australian pensioners doing it tough during COVID-19 have received some good news with the federal government announcing two cash payments as part of the 2020-21 budget. Pensioners will receive a $250 cash boost in December and another $250 in March next year.
Centrelink: Call 136 150
Advance Lump Sum $1000 – check how much your benefit would reduce each fortnight to see if you can manage it.
The one-off Australian Government Disaster Recovery Payment (AGDRP) was rolled out in July last year, offering $1000 for each eligible adult and $400 for each eligible child.
The Carer Supplement is an annual payment of $600 which is attached to each Carer Allowance. The Supplement is paid in July each year.
We'll apply the Work Bonus to your eligible income if you meet all the eligibility requirements. All you need to do is declare your income. You can use your Centrelink online account through myGov to see your Work Bonus balance.
The Carer Adjustment Payment (CAP) is a one off ex-gratia payment providing financial assistance of up to $10,000 to families in exceptional circumstances who do not qualify for any Government income support payments.
To be eligible for Pension Bonus you must meet the residence rules. You must work at least 960 hours during each 12 month period to pass the work test. We call this a bonus period. Only accruing membership can count toward your Pension Bonus.
Budget 2022: $250 one-time cash bonus for Centrelink recipients.
Top ups and supplements
We call this a top up. When we balance your FTB we'll also check if you're eligible for the: FTB Part A supplement of up to $788.40 for each eligible child. FTB Part B supplement of up to $383.25 per family.
Around 1.1 million Aussies on JobSeeker who are looking for work are set to benefit from the $40-per-fortnight cash boost.