Your Finances

Seniors bonus payment

A $500 one-off bonus payment has been allocated to seniors in the Federal Government’s 2007-08 Budget. The purpose of this payment is to ensure older Australians share in the economic growth they helped create.

Individuals who are of aged pension age and are eligible for either the Utilities Allowance or the Seniors Concession Allowance will be entitled to the payment. Both eligible members of a couple will receive the bonus. These bonuses will be paid to recipients by 30 June 2007.

This budget continues the Government’s support for older Australians and carers in recognition of their important contribution to our society. If you would like to read more about the Budget, visit the Budget 2007-08 website.