To identify your income gap as a result of COVID-19 enter your after-tax income sources to the best of your ability
Available from 30 March 2020 for six months.
Investment and other income
Include Dividends from Shares and Rent
Centrelink income support
Total take-home pay
No income gap
To close the income gap, or to reduce your expenses, you may be able to:
Draw down on existing cash savings, if available
Is part time work or casual work an option?
Can you sell unwanted items?
Complete a budget calculator to identify all expenses
Check eligibility for the Low income Health Care Card for discounts on health services and household bills
Reduce loan repayments until your income increases, or contact your bank to ask about pausing your repayments
Understand the payment options utility service providers are offering to customers experiencing financial hardship
Private health insurers may allow you to pause payments
Speak with your child's school about their relief program
Reduce non-essential spending - takeaway food, memberships, subscriptions etc
Speak with a financial adviser, financial counsellor or your superannuation fund
Once you have explored all other options, then look into drawing down from your superannuation account
Testing your eligibility for the JobKeeper Payment - THIS IS A GUIDE ONLY
Were you employed on 1 March 2020?
Are you currently employed by the employer?
(Including if stood down or re-hired since 1 March 2020)
Are you employed full time, part-time, or long-term casual?
(a casual employee is only eligible if employed on a regular basis for at least 12 months at 1 March 2020)
Are you at least 16 years of age?
Are you already receiving a JobKeeper Payment from another employer?
Are you an Australian citizen, permanent resident holder, protected special category visa holder, non-protected special category visa holder who has been residing continually in Australia for 10 years or more, or a subclass 444 visa holder?