Hidden loophole all Centrelink recipients must know before buying $150m Powerball ticket

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An important warning has been issued to all Australian Centrelink recipients ahead of tonight’s $150m Powerball draw. The Powerball Draw 1462 division one prize has hit the eye-watering amount after going unclaimed for six weeks. If one person selects all seven winning numbers and the all-important Powerball number this week, they’ll become Australia’s biggest-ever lottery winner and collect the entire $150 million.

Giving your prize away may also affect your social security benefits, so we encourage you to get financial advice and check with Centrelink.” Services Australia says lump sums — or one-off amounts of money — can count “in your income test and may affect your payment from us”. You can read more on which benefits are affected by large payments here.

 

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