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 Workers, families to get $950 cash bonus 

Workers, families to get $950 cash bonus

03 Feb, 2009 01:13 PM
SEE RELATED STORY: Are you eligible for the cash bonuses? FOR THE LATEST INFORMATION.

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WORKERS earning under $100,000 a year will get a cash bonus from the Rudd Government's $42 billion stimulus package announced today.

Immediate one-off payments worth $12.7 billion will also go to families with school-age children, farmers, single income families and people undergoing training.

The cash bonuses will be paid in March and April.

About 8.7 million workers will get a lump sum tax-free bonus, depending on their annual income.

Those earning up to $80,000 a year will receive $950, those earning between $80,000 and $90,000 will get $650 and those earning between $90,000 and $100,000 will get a $300 bonus.

Single-income families who receive the Family Tax Benefit Part B - about 1.5 million families - will get $950 on March 11. It will only be paid to those who were eligible for Family Tax Benefit Part B on February 3.

Those receiving Family Tax Benefit Part A with a child aged between four and 18 years will get a $950 back-to-school bonus.

The Government expects that 2.76 million children in 1.5 million families will share $2.6 billion.

About $511 million will fund a $950 training and learning bonus for 440,000 students and those returning to study such as those on youth allowance, Austudy and related payments (but not those who get the back-to-school bonus).

Farmers will also benefit with a hardship bonus of $950 for those receiving exceptional circumstances related income support in a package worth $20.4 million.

Mr Rudd said the spending was aimed at boosting economic activity and jobs and combating the global recession.

``There will be no quick fix to this global recession and many of its effects are still to be felt," he said.

"But the Government is taking the necessary and responsible action to help see Australia through this global crisis."

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comments


Date: Newest first | Oldest first
I hope this includes singles who earn under 100k coz im struggling too.... :(
Posted by Kristy_85, 3/02/2009 2:23:33 PM
Check out the story Who's eligible and who's not
Posted by julian burgess on 4/02/2009 1:17:54 PM
What the hell is someone who earns 100000 a year gonna do with 300 bucks?
Posted by Damo, 3/02/2009 3:06:31 PM
do apprentice's get this or is it only familys?
Posted by lea, 3/02/2009 4:05:24 PM
$950 bonus will be paid to eligible taxpayers with a taxable income of up to and including $80,000; • $650 bonus will paid to eligible taxpayers with taxable incomes exceeding $80,000 and up to $90,000; and • $300 bonus will be paid to eligible taxpayers with incomes exceeding $90,000 up to and including $100,000. Taxpayers will not need to apply for the payment. The Australian Taxation Office will automatically make the payment after determining eligibility.
Posted by lou clark, 3/02/2009 4:26:41 PM
Is the $950 back to school cash back bonus per child or per family, there seems to be a lot of confusion out there? I just spent $800 for my children to get glasses so that is where mine will go to! But I see nothing for full time uni students?? How about reducing our HECS debt!
Posted by truff2523, 3/02/2009 5:18:46 PM
Does this mean if im on youth allowance will i get it ?
Posted by Ricky, 3/02/2009 5:27:43 PM
So if we just got the sack do we still get it and how will they know our bank accounts?
Posted by Kay-la, 3/02/2009 6:23:55 PM
So what do they mean by eligible? Our kids have left home but only my husband is working, earning $32,000 before tax, we are struggling but I reckon we won't be eligble
Posted by penny m, 3/02/2009 6:35:38 PM
so does this mean that students on austudy etc, who also have part time jobs will get it twice as a tax bonus and a learning bonus???? well i am just a worker so i guess i'll just get one lot of it but i'm happy with that!!!!!
Posted by beth, 3/02/2009 7:12:08 PM
how do you receive the payment? and do apprentice's get this?
Posted by c.taylor, 3/02/2009 8:09:11 PM
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