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Another $750 payment on way for pensioners

  • July 10 2020
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Another $750 payment on way for pensioners

By Grace Ormsby
July 10 2020

From today, the second cash payment that has formed part of the Australian government’s economic response to the coronavirus will be made available.

pensioners

Another $750 payment on way for pensioners

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  • July 10 2020
  • Share

From today, the second cash payment that has formed part of the Australian government’s economic response to the coronavirus will be made available.

pensioners

The $750 cash payment follows the previous $750 payment that was provided from 31 March 2020 as an early stimulus measures in response to the COVID-19 crisis.

According to a fact sheet from the Treasury, the second payment is expected to be made to around 5 million social security, veteran and other income support recipients as well as eligible concession cardholders.

Around half of those – about 2.5 million – are pensioners.

To be eligible for the second payment, individuals must be residing in Australia and be receiving one of the payments or holding one of the concession cards that were eligible for the first payment, except for those who are receiving an income support payment that is eligible to receive the coronavirus supplement.

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It is expected that the second payment will be paid automatically into the accounts of eligible Australians from 13 July 2020.

Eligible recipients include anyone on the age pension, disability support pension, carer payment, parenting payment, wife pension, widow B pension, ABSTUDY, Austudy, bereavement allowance, Newstart allowance, youth allowance, partner allowance, sickness allowance, carer allowance, pensioner concession card, veteran service pension, and Commonwealth Seniors Health Card.

Another $750 payment on way for pensioners
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About the author

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Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

About the author

Grace is a journalist on Momentum Media's nestegg. She enjoys being able to provide easy to digest information and practical tips for Australians with regard to their wealth, as well as having a platform on which to engage leading experts and commentators and leverage their insight.

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