Cash windfall: Thousands to receive $256 financial relief—find out if you're eligible
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As the cost of living continues to rise, many Australians feel the pinch, particularly our senior community, which often lives on fixed incomes.
But there's some good news on the horizon for South Australians: The state government is rolling out a significant financial boost to help ease the burden.
Starting this month, the South Australian government will begin distributing its annual Cost of Living Concession to thousands of eligible recipients across the state.
Eligible households can expect to receive a $255.60 Cost of Living Concession for the 2024-25 financial year.
This concession is aimed explicitly at supporting pensioners, Centrelink recipients, and low-income households within South Australia.
In addition to this annual concession, recipients were granted a once-off extra cost-of-living payment of $243.90 in June, a measure announced in the state budget earlier this year.
This extra payment reached more than 210,000 households.
The government has also confirmed a substantial investment of $36.6 million over four years to double the concession for two key groups: renters and self-funded retirees.
This change means these groups will now receive the same amount as homeowners.
Premier Peter Malinauskas has emphasised the importance of this initiative, stating:
'We are providing significant additional ongoing support for those recipients who are renters and Commonwealth Seniors Health Card holders. From July, they will receive double what they previously received.'
The concession payments are scheduled to be paid in late August, and funds will be directly deposited into the bank accounts of eligible recipients.
It's also worth noting that the concession amount is indexed each year.
The SA Cost of Living Concession targets pensioners, low-income households, and Centrelink recipients of payments such as JobSeeker, the Parenting Payment, and Youth Allowance.
It provides comprehensive eligibility criteria and information on how cardholders and Centrelink recipients can apply.
If you want to receive the concession for the current financial year, apply by December 31.
The application process can be completed online.
If you've received the payment in the past and your circumstances haven't changed, there's no need to reapply—the concession will be automatically paid to one person per household.
Similar to previous news, Centrelink recipients are eligible for an automatic rebate on their electricity bills, with the rebate amount varying by state.
Services Australia will send letters to recipients, providing instructions on how to consent to share their details with electricity retailers for automatic payment. Read more about this news here.
Have you received the Cost of Living Concession before, or will this be your first time applying? Share your experiences and tips with fellow members in the comments below.
But there's some good news on the horizon for South Australians: The state government is rolling out a significant financial boost to help ease the burden.
Starting this month, the South Australian government will begin distributing its annual Cost of Living Concession to thousands of eligible recipients across the state.
Eligible households can expect to receive a $255.60 Cost of Living Concession for the 2024-25 financial year.
This concession is aimed explicitly at supporting pensioners, Centrelink recipients, and low-income households within South Australia.
In addition to this annual concession, recipients were granted a once-off extra cost-of-living payment of $243.90 in June, a measure announced in the state budget earlier this year.
SA Government doubles annual Cost of Living Concession for 2024-25. Credit: Shutterstock
This extra payment reached more than 210,000 households.
The government has also confirmed a substantial investment of $36.6 million over four years to double the concession for two key groups: renters and self-funded retirees.
This change means these groups will now receive the same amount as homeowners.
Premier Peter Malinauskas has emphasised the importance of this initiative, stating:
'We are providing significant additional ongoing support for those recipients who are renters and Commonwealth Seniors Health Card holders. From July, they will receive double what they previously received.'
The concession payments are scheduled to be paid in late August, and funds will be directly deposited into the bank accounts of eligible recipients.
It's also worth noting that the concession amount is indexed each year.
The SA Cost of Living Concession targets pensioners, low-income households, and Centrelink recipients of payments such as JobSeeker, the Parenting Payment, and Youth Allowance.
It provides comprehensive eligibility criteria and information on how cardholders and Centrelink recipients can apply.
If you want to receive the concession for the current financial year, apply by December 31.
The application process can be completed online.
If you've received the payment in the past and your circumstances haven't changed, there's no need to reapply—the concession will be automatically paid to one person per household.
Similar to previous news, Centrelink recipients are eligible for an automatic rebate on their electricity bills, with the rebate amount varying by state.
Services Australia will send letters to recipients, providing instructions on how to consent to share their details with electricity retailers for automatic payment. Read more about this news here.
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