$250 one-off payment to land in your bank account THIS WEEK

The Government's $250 one-off payment aims to help with the cost of living. (Source: Getty)

Recipients of the $250 one-off payment flagged in the 2022 Budget will likely see the single lump sum arrive in their bank accounts this week.

Services Australia announced on Tuesday that it had started paying eligible Australians the one-off payments.

Anyone receiving a welfare payment, including pensioners, veterans and concession card holders, will get an automatic $250 payment starting from Wednesday 27 April. All payments are expected to be made by the end of the week.

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Once the payment has been made, Services Australia will send the recipient a letter to confirm.

The $250 payments were announced by Treasurer Josh Frydenberg in the 2022 Budget as a targeted measure to help vulnerable Australians cope with the rising costs of living. The payments will cost the Government $1.5 billion in total.

Australians are facing a sharp rise in the cost of living, with the cost of groceries, petrol and housing putting strain on households.

In March, the Government also announced a boost to Centrelink payments to help cover the cost of rising inflation.

The boost meant a $20.10 fortnightly increase for individuals to $987.60 and a $30.20 increase for couples combined at $1,488.80.

Who is eligible for the $250 cash payment ?

To receive the one-off payment, you need to be receiving Centrelink or Department of Veterans’ Affairs (DVA) support and have been living in Australia on 29 March.

The eligible Centrelink payments and concession cards include:

• ABSTUDY Living Allowance

• Age Pension

• Austudy

• Carer Payment

• Carer Allowance, but only if you’re not getting another income support payment

• Disability Support Pension

• Double Orphan Pension

• Farm Household Allowance

• JobSeeker Payment

• Parenting Payment

• Special Benefit

• Youth Allowance for students and Australian Apprentices

• Youth Allowance for job seekers

• Commonwealth Seniors Health Card

• Pension Concession Card.

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