The Australian Government provides advance payments to eligible income support recipients to help manage unexpected expenses. One such payment is the $1,587.45 advance, an interest-free loan deducted from future payments.
Eligibility Criteria
To qualify, you must be receiving a Centrelink income support payment such as the Disability Support Pension (DSP), Age Pension, JobSeeker Payment, or Parenting Payment. You generally need to have received your payment for at least three months, have no outstanding debts with Centrelink, and demonstrate financial capacity to repay the advance without hardship.
How to Apply
Applications can be made online via MyGov by logging into your Centrelink account, selecting ‘Manage Payments,’ and following the prompts. You can also apply by calling Centrelink at 132 300 or visiting a Centrelink service center.
Required Documents
Applicants must provide valid identification, proof of income and assets (such as bank statements), and medical certificates if applicable (especially for DSP applicants).
Repayment Terms
The advance is repaid through automatic deductions from future Centrelink payments. The repayment schedule is agreed upon during the application process, ensuring it remains manageable.
Important Dates for 2025
Applications for the advance payment are generally open year-round for eligible individuals. Processing times are usually a few business days, and repayments begin from your next income support payment after approval.
Conclusion
The $1,587.45 advance payment is a useful financial tool for those in need. Staying informed about eligibility, application steps, and repayment terms ensures you can access this support effectively. For official updates, visit the Services Australia website or contact Centrelink.