Home / World News / Federal Budget 2022: One-off payment gives relief to older Australians

Federal Budget 2022: One-off payment gives relief to older Australians

Older Australians struggling to stretch their household budgets further will be among the main beneficiaries of a one-off $250 payment.

While not aimed at seniors alone, the cost-of-living payment will benefit many older Aussies, mostly pensioners, but also carers, veterans, eligible self-funded retirees and concession card holders.

Treasurer Josh Frydenberg said that coupled with existing indexation arrangements, the payment would see a single pensioner receive more than $500 in additional support in the next six months.

About brandsauthority

Check Also

Consumer stress levels rise as cost of living bites and retail sales slide

Four in 10 Australians have started cutting back on small treats and indulgences like buying …

%d bloggers like this: