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Pensioners handed $2.6b in extra virus relief

Aleks Vickovich
Aleks VickovichWealth editor

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Age and disability pensioners will receive two separate one-off $250 payments to see them through to the other side of the public health crisis, while permanent pension rates will remain unchanged.

The government will provide $2.6 billion in additional stimulus over the next three years to facilitate the $250 support payments as part of its $25 billion "temporary and targeted" COVID-19 response package.

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Aleks Vickovich leads the Financial Review's coverage of wealth management, specialising in the business and regulation of investment markets, financial advice and superannuation. Email Aleks at aleks.vickovich@afr.com

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    Original URL: https://www.afr.com/politics/federal/pensioners-handed-2-6b-in-extra-virus-relief-20201006-p562fs