If you’re lucky enough to win the ultimate Division 1 prize, then you will receive your payment on the 15th of every month — otherwise known as ‘$20K Day’! Winners of Division 2 will also receive their payments on the 15th. If you win one of the other Set for Life Divisions, then your prize payment will automatically be deposited into your Oz Lotteries online account. 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!