Casuals and sole trades

20 Mar 2020

Ben | Subsidies | 0 comments

If you have been affected by the economic downturn, you’ll be able to access a “coronavirus supplement” of $550 a fortnight for the next six months.
That is on top of other benefits – so if you’re already receiving payments through Jobseeker (formerly known as Newstart), your can claim both.

Sole traders and casual workers who are currently making less than $1.075 a fortnight will be eligible to receive the full supplement.

In practice, that means if you’re a single parent (receiving a maximum fortnightly payment of $612 through Jobseeker), for example, and you meet the criteria, you’ll take home about $1,162 a fortnight.
This means anyone eligible for the maximum Jobseeker payment will now receive more than $1,100 a fortnight, “effectively doubling the Jobseeker allowance,” Treasurer Josh Frydenberg said.

Sole traders or casual worker who have had their income or hours reduced by 20 per cent or more as a result of Coronavirus will also be able to access to up to $10,000 of their superannuation tax-free.

Read more here

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Valenti Lawyers

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