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.
The 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
Financial support and payments
- JobKeeper payment for employees
- Income support for individuals
Wages and employment
- Income support
- Payments to support households
- Temporary early release of superannuation
Support for retirees
- 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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