The Federal Budget and your Budget

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8 October, 2020

There are winners and losers in the 2020 Budget. This years budget has been defined by the coronavirus pandemic.

If you are struggling with finances and bills, need help putting together your own budget, there are a range of organisations and people that can help. Have a look at our listing of money and finance services: https://www.affordablesa.com.au/programs/money-and-finances

You can also call our helpline on 1800 025 539 to get help to find the right services for you.

ABC Budget Coverage

The ABC has had excellent, comprehensive coverage of the 2020 budget, here are a few highlights and articles about how this years budget could affect your budget:

Tax cuts were revealed in the Budget — here's how to make yours work for you

Many of us are going to have a little extra cash in our pockets this year. It's all because of the tax cuts and $500 cash payments announced in this year's Federal Budget.

The Treasurer wants us all to spend up big to help pull the economy out of recession, but is that the best option for your financial situation?

Here are five ways to get the most out of your money.

  1. Don't impulse spend
  2. Consider saving it (in a high-interest account)
  3. Pay off those debts
  4. Put it back into your super
  5. Invest it


Who's eligible for the $250 payments?

There are cash payments totalling $500 which are available for over 5 million eligible recipients. It's not just pensioners.If you receive any of the following payments or if you hold any of the following healthcare cards, then you're eligible:

  • Age pension
  • Disability Support Pension
  • Carer Payment
  • Family Tax Benefit, including the Double Orphan Pension (but not in receipt of a primary income support payment)
  • Carer Allowance (but not in receipt of a primary income support payment)
  • Pensioner Concession Card (PCC) holders (not in receipt of primary income support payment)
  • Commonwealth Seniors Health Card holders
  • eligible Veterans' Affairs payment recipients and concession card holders

When will they be paid out?

The first payment of the two will start being paid out from November. And the second part is due to follow in March 2021.

Will the payments be taxed?

No, the payments won't be taxed. They also won't count as income support for the purposes of any income support payments.


Federal Budget 2020: Winners and losers


We asked what Australians thought of this year's Federal Budget. Most people thought there were some big gaps


Child care, domestic violence, science jobs and the unemployed: What do women get in the Federal Budget?


Budget tax cuts tipped to boost household saving rather than lift us out of COVID recession


South Australia stung with $1.3 billion GST write-down in 2020 Federal Budget


More From 'News Articles'

12 days of Christmas with Affordable SA

On the first day of Christmas, my true love gave to me...

An emu up a gum tree?!

Merry Christmas!

It feels like the Christmas season starts earlier every year, with shops, online stores and businesses putting up decorations and holding promotions in the months leading up to Christmas day. But, did you know that the Christmas season and the 12 days of Christmas actually begin on Christmas Day itself?

The 12 days of Christmas is the period in Christian theology that marks the span between the birth of Christ and the coming of the Magi, the three wise men. It begins on December 25 (Christmas) and runs through January 6 (the Epiphany, sometimes also called Three Kings’ Day).

The 12 Days of Christmas song that most of us are familiar with comes from an English composer named Frederic Austin. In 1909, he set the melody and lyrics (including changing 'colly' to 'calling') and added as his own flourish, the drawn-out cadence of 'five go-old rings'. The earliest known version first appeared in a 1780 children's book called 'Mirth With-out Mischief'.

Learn more about the history of the '12 days of Christmas' in this interesting article: https://www.vox.com/21796404/12-days-of-christmas-explained

Australian lyrics of the 12 Days of Christmas: https://www.thechristmastreefarm.com.au/australian-12-days-of-christmas-lyrics/

Christmas Day

It’s Christmas Day – time to spend time with family and friends. To be honest, I’m not even sure why you are reading this? Go, get off your phone or computer and enjoy Christmas.

If you're alone this Christmas for any reason, take a moment to pick up a phone and connect with a friend or family member.

If you don't have access to a phone or wi-fi, all Telstra pay phones are free to use over Christmas till New Years Day: https://www.abc.net.au/news/2020-12-23/telstra-payphones-made-free-for-christmas/13009548 - This includes Telstra Air wi-fi access points.

Here's some tips from the ABC if you're in isolation or alone on Christmas Day: https://www.abc.net.au/everyday/tips-for-spending-christmas-alone/100004504

Lifeline provides a 24/7 helpline for crisis support and suicide prevention on 13 11 14.

https://affordablesa.com.au/programs/health-care/lifeline

From all of us at Affordable SA, we wish you a safe and very merry Christmas and a happy, healthy and prosperous new year for 2021

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Only a Week till Christmas

Where does the time go? Only 7 Days until Christmas!

Time to pick-up last-minute gifts and prepare for celebrations with family and friends. There’s presents to wrap, food to make and lots and lots of little jobs that can make it a very busy time.

Christmas Finances

The tricky thing about the festive season is that life doesn’t stop. Your real estate agent will still direct debit your rental payment, your electricity company will still want your quarterly bill paid and your telco company will still demand your BPay payment on a set day of the month.

With the added expense of Christmas, the end of the year can put a lot of pressure on people’s financial situation and unfortunately here on the Affordable SA helpline we tend to see the aftermath at the start of the new year.

Being part of the billion-dollar Christmas debt hangover is no way to start the New Year. If you are struggling with your expenses call the Affordable SA Helpline on 1800 025 539 to speak to a Financial Counsellor.

You can also find a range of programs that can help here:

https://affordablesa.com.au/programs/money-and-finances

Food for Christmas

Have you got enough food for you and your family this Christmas?

There's still time to access food pantries and emergency relief, but be quick as services may be closed, providing limited service or have different hours during the Christmas and New Year period.

A food pantry offers free or low cost food and groceries to the community. Find a local Food Pantry here:

https://affordablesa.com.au/programs/food/food-pantry

You can find local, emergency relief here:

https://affordablesa.com.au/programs/food/emergency-relief

You can also call the Affordable SA helpline to be connected to services near you that can help. Call the helpline on 1800 025 539

A Christmas Together

It's also an important time to check in on people you know who may be experiencing loneliness or hardship.

Spare a thought for your elderly neighbour who lives alone, your friend who is experiencing financial hardship, your relative who is going through a separation or your co-worker who is struggling with depression.

If you know someone who finds this time of year especially difficult, consider reaching out to them to show that you are thinking of them.

If you or someone you know finds this time of year especially difficult, services such as Lifeline are available 24 hours a day 7 days a week to take your call on 13 11 14

https://affordablesa.com.au/programs/health-care/lifeline

Have a Merry Christmas South Australia

From everyone at Affordable SA, we wish you a very merry Christmas and all the best for 2021!

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Salvos Christmas Cheer

Christmas is meant to be a time of celebration and joy, but if times are tough it can be challenging and isolating.

If you are unsure if you have enough food for Christmas, or you don’t know how you will afford presents for your kids, please contact your local Salvation Army. COVID-19 and other challenging circumstances may have you facing unexpected financial difficulties. The Salvos are committed to giving you non-judgemental and confidential support to help you through this season.

Christmas Cheer

Every year, local Salvation Army centers and churches give hope to individuals and families in need by providing food hampers and gift assistance. Christmas hampers are prepared with care using donated goods and shared with those in the community who have fallen on tough times and during the Christmas season.

Accessing Support

Registrations for Christmas Cheer close soon!

Each Salvos Centre and Corp organises 'Christmas Cheer' slightly differently, but the overall practice is much the same. You contact your local Salvos to register for Christmas Cheer. You would normally then go to the Centre for a brief interview and fill out some forms. You will be given a timeslot to attend to collect the hamper/vouchers and toys.

This year things are being done differently due to COVID-19. Contact your local Salvos or the Salvos Assistance Line on 1300 371 288

More information is available on the Salvation Army website: https://www.salvationarmy.org.au/christmas/need-help-this-christmas/food-hamper-and-gift-assistance/

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