Australians battling rising prices in 2025 are set to receive some relief through a $243 cost of living boost. This one-off payment is designed to support low-income households, Centrelink recipients, and eligible concession card holders during a time of economic strain.
The initiative targets both homeowners and tenants and is part of the broader effort to reduce financial pressure on vulnerable groups.
Payment Dates & Disbursement
The $243 cost of living payment will be deposited into bank accounts over a defined schedule from August to December 2025.
Most eligible recipients will receive the payment automatically, provided their details and eligibility remain unchanged from previous years. New applicants will need to apply before the end of the calendar year.
| Payment Period | Status | Disbursement Method |
|---|---|---|
| August – September | For existing recipients | Bank Transfer (EFT) |
| October – December | For approved new claims | Bank Transfer (EFT) |
| Claim Deadline | 31 December 2025 | N/A |
Who Is Eligible?
To receive the $243 cost of living support, individuals must meet one or more of the following criteria:
- Be an Australian resident living at the claimed property
- Hold an eligible concession card
- Receive a qualifying Centrelink benefit
- Meet low-income thresholds based on household size and income
Eligible Concession Cards Include:
- Pensioner Concession Card
- Low Income Health Care Card
- Commonwealth Seniors Health Card
- Veteran Gold Card (including TPI, War Widow)
Eligible Payments Include:
- JobSeeker Payment
- Parenting Payment
- Youth Allowance
- Austudy or ABSTUDY
- Carer Payment
- Disability Support Pension
Low-Income Thresholds:
| Household Type | Max Fortnightly Income | Max Annual Income |
|---|---|---|
| Single | $912.70 | $23,730.20 |
| Single with Children | $966.90 | $25,139.40 |
| Couple (Combined) | $1,696.60 | $44,111.60 |
Applicants who do not receive welfare or hold a concession card may still qualify based on these income brackets.
How to Claim the $243 Payment
If you’ve received the payment before and your situation hasn’t changed, no action is needed—the payment will arrive automatically. However, if you’re applying for the first time or your circumstances have changed, follow these steps:
- Create or log in to your myGov account
- Complete the concession claim form
- Submit required documents (e.g. Centrelink reference, income statements, proof of residence)
- Provide valid bank account details for EFT
Applications must be submitted by 31 December 2025 to receive the payment this year.
The $243 cost of living boost is a timely and essential support for thousands of Australians struggling with financial stress. Whether you’re a pensioner, a low-income earner, or a tenant receiving benefits, this one-time payment can provide meaningful relief.
Be sure to check your eligibility, keep your Centrelink or concession details current, and submit any required documents before the deadline to ensure you don’t miss out.
FAQs
When will I receive my $243 payment?
A: Most payments will be deposited between August and December 2025, depending on when your application is processed
Do I need to apply again if I received this payment last year?
A: No, unless your personal or financial circumstances have changed, your payment will be processed automatically.
What happens if I submit my claim after the deadline?
A: Claims submitted after 31 December 2025 will not be eligible for the current year’s payment.