Lottery prize money or gambling winnings
Lottery or gambling wins don’t need to be declared as income. But if you get Accommodation Supplement, Temporary Additional Support or Special Benefit you do need to tell us about it.
What is this?
These include winnings you get from Lotto, pokie machines and TAB.
If you give some of the money away to family as a gift this could affect your benefit.
A client wins $10,000 on the lottery. They use half of the money to pay off their credit card. They put the remaining $5,000 into a high interest bank account. They will have to tell us about any interest they earn on the bank account.
How it affects your benefit and allowances
You have to tell us about this payment if you:
- get Accommodation Supplement, Temporary Additional Support or Special Benefit
- invest the money you get and earn interest, this will be counted as income.
If you need more information or want to discuss this in more detail contact us