Financial support for individuals and households
The COVID-19 pandemic has resulted in significant community and business disruption. The financial impacts will likely be prolonged and severe.
Government have announced a range of measures to support individuals and families.
Below is the link to the Treasury website that outlines the financial support packages available to individuals.
Summary of support for individuals
- JobKeeper payment for employees
- Income support for individuals
- Payments to support households
- Temporary early release of superannuation
- Temporarily reducing superannuation minimum drawdown rates
- Reducing social security deeming rates.
Services Australia, the Australian Taxation Office, Department of Veteran Affairs and Department of Social Services
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