Lotto winner Craig Hill says Centrelink is taking $2000 of his prize every month.
Winning the lottery comes once in a lifetime for those who get lucky, but for one Queensland pensioner, it turned into a nightmare after Centrelink got wind of his prize. Disability pensioner Craig Hill said he now considers himself one of the unluckiest lotto winners.
It's important to remember that if you do receive winnings, either as a lump sum or periodic payments, you need to let Services Australia know. You can tell us about your changes online, using your Centrelink account through myGov or on your Express Plus Centrelink app.
Since the game's launch in August 2015, Set for Life has created 117 winners across Australia who have taken home a massive total of $99,240,000 in prize money.
World's richest lottery winner Edwin Castro who won record $2BILLION jackpot on Powerball beams at the bank. A LOTTERY winner who scooped the world's biggest jackpot with a record $2billion prize was pictured beaming as he went to the bank.
Edwin Castro, who won the record-setting $3 billion (US$2.04 billion) Powerball jackpot in the United States, is spending his winnings on prime real estate. Castro, who claimed the winning ticket just last month, opted for the one-time lump sum payment of $1.5 billion (US$997.6 million), lottery officials said.
Odds of Winning Powerball (Australia)
It also has the most ways to win of any of our Australian lotteries, with eight prize divisions in total!
Man wins $20,000 a month for 20 years in Set for Life draw
The ecstatic man, aged in his early 30s, was the only first prize winner in Set for Life draw 839 on Wednesday. The man had been oblivious to his win and was at work this morning when contacted by a NSW Lotteries official.
Thelma Hayes of Falls City, NE, was paid a surprise visit Tuesday by the Publishers Clearing House Prize Patrol who named her the winner of the company's “Forever Prize”. Thelma will receive $5,000 a week for the rest of her life, then after that, someone she chooses will receive $5,000 a week for his or her life.
You can then request to withdraw your funds by direct deposit into your bank account, into a valid PayPal account, or by cheque. And yes — all Set for Life winnings are absolutely tax-free!
If eligible, we may be able to backdate your subsidy for up to 28 days.
Centrelink has very wide powers to thoroughly investigate deposits that have been made into your account. For example, it has the power to obtain your information from other government agencies as well as accessing information from banks, building societies and credit union accounts.
One-off lotto wins, according to the Centrelink website, should not affect anyone's pension.
“Meaning we are both being penalised for the same lottery win.” Along with Mr Hill's $500 a fortnight loss, his wife's pension also suffered the same fate. “Basically out of my $5000 [per month] lottery win, Centrelink are taking $2,000 of it,” he told news.com.au. Over 12 months that adds up to a whopping $24,000.
Most importantly, if not declared, hiding money is fraudulent and can result in having to repay money received and criminal charges. We've seen it many times before. The strategies and advice mentioned above is of general nature only.
Australia Lottery – First Nations Lotto
Compared to other lottery games like Powerball, Oz Lotto, Saturday Lotto, and Set for Life, which have extremely low chances of winning, these odds are truly exceptional.
Hawthorne man wins '$10,000 a week for life'
Ciociola chose to receive his winnings in annual payments of $520,000 for a minimum of 20 years.
Publishers Clearing House has said your chances of winning a top prize such as $7,000 a week for life are “in the hundreds of millions.” Other estimates place your odds at 1 in 1.7 billion. To put that in perspective, your odds of winning the Powerball lottery jackpot are 1 in 292 million.
Once again, no one beat the odds and won the $700 million Powerball jackpot in Saturday night's drawing.
Here it's important to understand that the longer we have to save and grow our money, the less we have to save each month to reach our goal. If we want to become a millionaire in 10 years, we would need to save about $6,000 per month.
Kevin Olmstead – Won the top prize on April 10, 2001; however, because the jackpot was set to increase by $10,000 each episode, he won $2,180,000 – making him the biggest winner in television history at the time.
The states with the most Powerball lottery winners are...
That would be Indiana. The Hoosier State boasts 39 jackpot wins since 1992, when Powerball got its start. Read on to see how your state stacks up! Keep in mind that five states don't have state lotteries: Alabama, Alaska, Hawaii, Nevada, and Utah.
Increase your odds with a Syndicate
Syndicates let you share the cost of a lotto ticket with other players so that you can play a lot more games for less money. Playing more games increases your chance of winning. And if the Syndicate wins, the prizes are shared equally among the Syndicate players.
Prizes less than $1500 can be claimed at any Tatts retail outlet. Prizes $1500 and over can be paid via cheque or Electronic Funds Transfer (EFT) in person at our Head Office, or by post with a Prize Claim Form.