Pension bonus estimator

Last updated: 
20 March 2020

The tables in this page may be used as a guide to estimate the amount of pension bonus that may be payable to registered members of the pension bonus scheme (the scheme).

Purpose

These figures are only an estimate and the actual amount of pension bonus received at the time of claim will depend on:

  • the person’s income and assets;
  • the rate of pension payable;
  • the pension or pensions deferred; and
  • the person meeting all the requirements of the scheme.

*Note: - If the level of your income or assets is too high to receive a pension, then you will not be paid a bonus.

As pension rates and thresholds are subject to regular adjustment in line with CPI and/or average wages, the information in this page is current from 1 July 2020 to 19 September 2020.

Important Note

From 1 July 2014, the pension bonus scheme was closed to new registrations. Current members can remain in the scheme while they continue to meet the work requirements to accrue a pension bonus if they wish.

If you are currently registered in the pension bonus scheme, you may wish to consider whether you will be better off claiming the pension and any bonus you are entitled to. You may also then benefit from the work bonus arrangements. The work bonus is a concession on the income test treatment of employment income for pensioners over qualifying age. This may influence your choices about work and retirement. For more information on this change to the pension income test, refer to Work Bonus.

We encourage you to obtain independent financial advice before claiming pension to find out how these changes may affect your finances and your retirement and work plans.

Estimating bonus

To estimate the amount of pension bonus you may receive, there are two steps:

1. Calculate your estimated rate of pension or income support supplement (ISS) using the appropriate ready reckoner:

For bonus purposes you should include only the basic amount of pension supplement. The energy supplement and the remainder of the pension supplement are excluded from the bonus calculation. This means that:

  • Single Service Pensioners should subtract $59.50 from the figure in the ready reckoner
  • Service Pensioner Couples should subtract $43.20 from the figure in the ready reckoner
  • Single ISS recipients should subtract $45.40 from the figure in the ready reckoner
  • Partnered ISS recipients should subtract $32.60 from the figure in the ready reckoner.

2. Use the bonus estimator to estimate the amount of pension bonus you may receive.

Calculating my estimated rate of pension

  • Select the type of pension you are deferring:
    • age service pension;
    • partner service pension;
    • income support supplement;
  • Choose pension rate based on the appropriate Ready Reckoner.

Using the Pension estimator

  • Select the type of pension: service pension, partner service pension or income support supplement (couple or single)
  • Estimate the amount of months you plan to defer (minimum 12 months to a maximum 60 months)
  • Select your estimated payment rate.

Example 1: Your estimated fortnightly single rate Service Pension after deducting $59.50 is $239.40 and your estimated deferral period is 20 months. Using the “Single Rate” table under the service pension, you would then select $239.40 in the “Pension Rate” column and 20 months in the “Number of Months Deferred” column to estimate your pension bonus. Your bonus would then be $1,612.

Understanding the table

You need to understand the following in relation to the tables:

  • all amounts are given in dollars ($);
  • all pension amounts are fortnightly payments and are after deduction of $59.50 (single) or $43.20 (partnered);
  • all ISS amounts are fortnightly payments and are after deduction of $45.40 (single) or $32.60 (partnered);
  • the estimated amount of bonus is a one off, tax-free lump sum payment you may receive at time of claim;
  • all amounts are only estimates and may vary;
  • where only one pension has been deferred, the bonus payable is based on the amount of pension payable at the time of claiming and depends on your income and assets at the time of claiming; and
  • if more than one pension has been deferred, this calculator will not give you an accurate estimate of bonus.

Notes

The figures in the tables are only applicable if there are no changes to relationship status or type of pension deferred during the deferment period.

Figures are based on current pension rates and are subject to change.

Blinded pensioners and blinded ISS recipients should calculate their bonus amount using the highest fortnightly rate from the relevant table.

If you change relationship status or the type of pension deferred, please contact DVA or your financial planner for more information on the amount of pension bonus you may receive.

Pension Bonus Table - Service Pension - Single Rate

Pension Rate 12 16 20 24 28 32 36 40 44 48 52 56 60 Months
26.00 64 113 177 254 346 452 572 706 854 1,017 1,193 1,384 1,589
52.00 127 226 353 508 692 904 1,144 1,412 1,709 2,033 2,386 2,768 3,177
78.10 191 339 530 764 1,039 1,357 1,718 2,121 2,566 3,054 3,584 4,157 4,772
104.10 254 452 707 1,018 1,385 1,809 2,290 2,827 3,421 4,071 4,777 5,541 6,361
130.10 318 565 883 1,272 1,731 2,261 2,862 3,533 4,275 5,087 5,971 6,925 7,949
156.10 382 678 1,060 1,526 2,077 2,713 3,434 4,239 5,129 6,104 7,164 8,308 9,538
182.20 445 792 1,237 1,781 2,424 3,167 4,008 4,948 5,987 7,125 8,362 9,698 11,132
208.20 509 905 1,413 2,035 2,770 3,618 4,580 5,654 6,841 8,141 9,555 11,081 12,721
234.20 572 1,018 1,590 2,290 3,116 4,070 5,151 6,360 7,695 9,158 10,748 12,465 14,310
260.20 636 1,131 1,766 2,544 3,462 4,522 5,723 7,066 8,550 10,175 11,941 13,849 15,898
286.30 700 1,244 1,944 2,799 3,810 4,976 6,297 7,775 9,407 11,195 13,139 15,238 17,493
312.30 763 1,357 2,120 3,053 4,156 5,428 6,869 8,481 10,262 12,212 14,332 16,622 19,082
338.30 827 1,470 2,297 3,307 4,501 5,880 7,441 9,187 11,116 13,229 15,526 18,006 20,670
364.30 890 1,583 2,473 3,561 4,847 6,331 8,013 9,893 11,970 14,246 16,719 19,390 22,259
390.40 954 1,696 2,650 3,817 5,195 6,785 8,587 10,602 12,828 15,266 17,917 20,779 23,853
416.40 1,018 1,809 2,827 4,071 5,541 7,237 9,159 11,308 13,682 16,283 19,110 22,163 25,442
442.40 1,081 1,922 3,003 4,325 5,887 7,689 9,731 12,014 14,536 17,300 20,303 23,547 27,031
468.40 1,145 2,035 3,180 4,579 6,233 8,141 10,303 12,720 15,391 18,316 21,496 24,931 28,619
494.40 1,208 2,148 3,356 4,833 6,579 8,592 10,875 13,426 16,245 19,333 22,689 26,314 30,208
520.50 1,272 2,262 3,534 5,088 6,926 9,046 11,449 14,134 17,103 20,354 23,887 27,704 31,803
546.50 1,336 2,374 3,710 5,343 7,272 9,498 12,021 14,841 17,957 21,370 25,080 29,087 33,391
572.50 1,399 2,487 3,887 5,597 7,618 9,950 12,593 15,547 18,811 22,387 26,274 30,471 34,980
598.50 1,463 2,600 4,063 5,851 7,964 10,402 13,165 16,253 19,666 23,404 27,467 31,855 36,568
624.60 1,527 2,714 4,240 6,106 8,311 10,855 13,739 16,961 20,523 24,424 28,665 33,244 38,163
650.60 1,590 2,827 4,417 6,360 8,657 11,307 14,311 17,667 21,378 25,441 29,858 34,628 39,752
676.60 1,654 2,940 4,593 6,614 9,003 11,759 14,882 18,373 22,232 26,458 31,051 36,012 41,340
702.60 1,717 3,053 4,770 6,869 9,349 12,211 15,454 19,079 23,086 27,474 32,244 37,396 42,929
728.70 1,781 3,166 4,947 7,124 9,696 12,664 16,028 19,788 23,944 28,495 33,442 38,785 44,524
754.70 1,844 3,279 5,124 7,378 10,042 13,116 16,600 20,494 24,798 29,512 34,635 40,169 46,112
780.70 1,908 3,392 5,300 7,632 10,388 13,568 17,172 21,200 25,652 30,528 35,829 41,553 47,701
806.70 1,972 3,505 5,477 7,886 10,734 14,020 17,744 21,906 26,507 31,545 37,022 42,937 49,289
832.80 2,035 3,618 5,654 8,141 11,081 14,474 18,318 22,615 27,364 32,566 38,220 44,326 50,884
858.80 2,099 3,731 5,830 8,396 11,427 14,926 18,890 23,321 28,219 33,583 39,413 45,710 52,473
884.80 2,162 3,844 6,007 8,650 11,773 15,377 19,462 24,027 29,073 34,599 40,606 47,093 54,061

Pension Bonus Table - Service Pension - Couple Rate

Pension Rate 12 16 20 24 28 32 36 40 44 48 52 56 60 Months
19.70 48 86 134 193 262 342 433 535 647 770 904 1,049 1,204
39.30 96 171 267 384 523 683 864 1,067 1,291 1,537 1,804 2,092 2,401
59.00 144 256 401 577 785 1,025 1,298 1,602 1,939 2,307 2,708 3,140 3,605
78.70 192 342 534 769 1,047 1,368 1,731 2,137 2,586 3,077 3,612 4,189 4,809
98.30 240 427 667 961 1,308 1,708 2,162 2,669 3,230 3,844 4,511 5,232 6,006
118.00 288 513 801 1,154 1,570 2,051 2,596 3,204 3,877 4,614 5,415 6,281 7,210
137.70 337 598 935 1,346 1,832 2,393 3,029 3,739 4,525 5,385 6,319 7,329 8,413
157.30 384 683 1,068 1,538 2,093 2,734 3,460 4,272 5,169 6,151 7,219 8,372 9,611
177.00 433 769 1,202 1,730 2,355 3,076 3,893 4,807 5,816 6,921 8,123 9,421 10,815
196.60 480 854 1,335 1,922 2,616 3,417 4,324 5,339 6,460 7,688 9,023 10,464 12,012
216.30 529 940 1,468 2,115 2,878 3,759 4,758 5,874 7,107 8,458 9,927 11,513 13,216
236.00 577 1,025 1,602 2,307 3,140 4,102 5,191 6,409 7,755 9,229 10,831 12,561 14,420
255.60 625 1,111 1,735 2,499 3,401 4,442 5,622 6,941 8,399 9,995 11,730 13,604 15,617
275.30 673 1,196 1,869 2,691 3,663 4,785 6,055 7,476 9,046 10,765 12,634 14,653 16,821
295.00 721 1,282 2,003 2,884 3,925 5,127 6,489 8,011 9,693 11,536 13,538 15,701 18,025
314.60 769 1,367 2,136 3,076 4,186 5,468 6,920 8,543 10,337 12,302 14,438 16,745 19,222
334.30 817 1,452 2,270 3,268 4,448 5,810 7,353 9,078 10,985 13,072 15,342 17,793 20,426
354.00 865 1,538 2,403 3,461 4,710 6,152 7,787 9,613 11,632 13,843 16,246 18,842 21,629
373.60 913 1,623 2,536 3,652 4,971 6,493 8,218 10,145 12,276 14,609 17,146 19,885 22,827
393.30 961 1,709 2,670 3,845 5,233 6,835 8,651 10,680 12,923 15,380 18,050 20,933 24,031
413.00 1,009 1,794 2,804 4,037 5,495 7,178 9,084 11,215 13,570 16,150 18,954 21,982 25,234
432.60 1,057 1,880 2,937 4,229 5,756 7,518 9,515 11,747 14,214 16,916 19,853 23,025 26,432
452.30 1,105 1,965 3,071 4,422 6,018 7,861 9,949 12,282 14,862 17,687 20,757 24,074 27,636
472.00 1,154 2,051 3,204 4,614 6,281 8,203 10,382 12,817 15,509 18,457 21,661 25,122 28,839
491.60 1,201 2,136 3,337 4,806 6,541 8,544 10,813 13,350 16,153 19,224 22,561 26,165 30,037
511.30 1,250 2,222 3,471 4,998 6,803 8,886 11,247 13,885 16,800 19,994 23,465 27,214 31,240
530.90 1,298 2,307 3,604 5,190 7,064 9,227 11,678 14,417 17,444 20,760 24,365 28,257 32,438
550.60 1,346 2,392 3,738 5,383 7,326 9,569 12,111 14,952 18,092 21,531 25,269 29,306 33,642
570.30 1,394 2,478 3,872 5,575 7,589 9,912 12,544 15,487 18,739 22,301 26,173 30,354 34,845
589.90 1,442 2,563 4,005 5,767 7,849 10,252 12,975 16,019 19,383 23,067 27,072 31,397 36,043
609.60 1,490 2,649 4,139 5,959 8,111 10,595 13,409 16,554 20,030 23,838 27,976 32,446 37,247
629.30 1,538 2,734 4,272 6,152 8,374 10,937 13,842 17,089 20,678 24,608 28,880 33,494 38,450
648.90 1,586 2,819 4,405 6,344 8,634 11,278 14,273 17,621 21,322 25,375 29,780 34,538 39,648
668.60 1,634 2,905 4,539 6,536 8,897 11,620 14,707 18,156 21,969 26,145 30,684 35,586 40,851

Pension Bonus Table - Income Support Supplement - Single Rate

Pension Rate 12 16 20 24 28 32 36 40 44 48 52 56 60 Months
7.00 17 30 48 68 93 122 154 190 230 274 321 373 428
14.00 34 61 95 137 186 243 308 380 460 547 643 745 855
21.10 52 92 143 206 281 367 464 573 693 825 968 1,123 1,289
28.10 69 122 191 275 374 488 618 763 923 1,099 1,290 1,496 1,717
35.10 86 153 238 343 467 610 772 953 1,153 1,373 1,611 1,868 2,145
42.10 103 183 286 412 560 732 926 1,143 1,383 1,646 1,932 2,241 2,572
49.20 120 214 334 481 655 855 1,082 1,336 1,617 1,924 2,258 2,619 3,006
56.20 137 244 382 549 748 977 1,236 1,526 1,847 2,198 2,579 2,991 3,434
63.20 154 275 429 618 841 1,098 1,390 1,716 2,077 2,471 2,900 3,364 3,862
70.20 172 305 477 686 934 1,220 1,544 1,906 2,307 2,745 3,222 3,736 4,289
77.30 189 336 525 756 1,029 1,343 1,700 2,099 2,540 3,023 3,548 4,114 4,723
84.30 206 366 572 824 1,122 1,465 1,854 2,289 2,770 3,296 3,869 4,487 5,151
91.30 223 397 620 893 1,215 1,587 2,008 2,479 3,000 3,570 4,190 4,859 5,578
98.30 240 427 667 961 1,308 1,708 2,162 2,669 3,230 3,844 4,511 5,232 6,006
105.40 258 458 716 1,030 1,402 1,832 2,318 2,862 3,463 4,122 4,837 5,610 6,440
112.40 275 488 763 1,099 1,496 1,953 2,472 3,052 3,693 4,395 5,158 5,982 6,868
119.40 292 519 811 1,167 1,589 2,075 2,626 3,242 3,923 4,669 5,480 6,355 7,295
126.40 309 549 858 1,236 1,682 2,197 2,780 3,432 4,153 4,943 5,801 6,728 7,723
133.40 326 580 906 1,304 1,775 2,318 2,934 3,623 4,383 5,216 6,122 7,100 8,151
140.50 343 610 954 1,374 1,870 2,442 3,090 3,815 4,617 5,494 6,448 7,478 8,585
147.50 360 641 1,001 1,442 1,963 2,563 3,244 4,005 4,847 5,768 6,769 7,851 9,012
154.50 378 671 1,049 1,510 2,056 2,685 3,398 4,196 5,077 6,042 7,090 8,223 9,440
161.50 395 702 1,096 1,579 2,149 2,807 3,552 4,386 5,307 6,315 7,412 8,596 9,868
168.60 412 733 1,145 1,648 2,243 2,930 3,709 4,578 5,540 6,593 7,738 8,974 10,301
175.60 429 763 1,192 1,717 2,337 3,052 3,862 4,769 5,770 6,867 8,059 9,346 10,729
182.60 446 793 1,240 1,785 2,430 3,174 4,016 4,959 6,000 7,140 8,380 9,719 11,157
189.60 463 824 1,287 1,854 2,523 3,295 4,170 5,149 6,230 7,414 8,701 10,091 11,585
196.70 481 855 1,335 1,923 2,617 3,419 4,327 5,341 6,463 7,692 9,027 10,469 12,018
203.70 498 885 1,383 1,991 2,710 3,540 4,481 5,532 6,693 7,965 9,348 10,842 12,446
210.70 515 915 1,430 2,060 2,804 3,662 4,635 5,722 6,923 8,239 9,670 11,214 12,874
217.70 532 946 1,478 2,128 2,897 3,784 4,789 5,912 7,153 8,513 9,991 11,587 13,301
224.80 549 977 1,526 2,198 2,991 3,907 4,945 6,105 7,387 8,791 10,317 11,965 13,735
231.80 567 1,007 1,574 2,266 3,084 4,029 5,099 6,295 7,617 9,064 10,638 12,338 14,163
238.80 584 1,038 1,621 2,335 3,178 4,150 5,253 6,485 7,847 9,338 10,959 12,710 14,591

Pension Bonus Table - Income Support Supplement - Couple Rate

Pension Rate 12 16 20 24 28 32 36 40 44 48 52 56 60 Months
7.40 18 32 50 72 98 129 163 201 243 289 340 394 452
14.80 36 64 100 145 197 257 326 402 486 579 679 788 904
22.20 54 96 151 217 295 386 488 603 729 868 1,019 1,182 1,356
29.60 72 129 201 289 394 514 651 804 973 1,157 1,358 1,575 1,809
37.00 90 161 251 362 492 643 814 1,005 1,216 1,447 1,698 1,969 2,261
44.40 109 193 301 434 591 772 977 1,206 1,459 1,736 2,038 2,363 2,713
51.80 127 225 352 506 689 900 1,139 1,407 1,702 2,026 2,377 2,757 3,165
59.20 145 257 402 579 788 1,029 1,302 1,608 1,945 2,315 2,717 3,151 3,617
66.60 163 289 452 651 886 1,157 1,465 1,809 2,188 2,604 3,056 3,545 4,069
74.00 181 322 502 723 985 1,286 1,628 2,010 2,432 2,894 3,396 3,939 4,521
81.40 199 354 553 796 1,083 1,415 1,790 2,210 2,675 3,183 3,736 4,333 4,974
88.80 217 386 603 868 1,182 1,543 1,953 2,411 2,918 3,472 4,075 4,726 5,426
96.20 235 418 653 940 1,280 1,672 2,116 2,612 3,161 3,762 4,415 5,120 5,878
103.60 253 450 703 1,013 1,379 1,801 2,279 2,813 3,404 4,051 4,755 5,514 6,330
111.00 271 482 754 1,085 1,477 1,929 2,442 3,014 3,647 4,341 5,094 5,908 6,782
118.40 289 514 804 1,157 1,575 2,058 2,604 3,215 3,890 4,630 5,434 6,302 7,234
125.80 307 547 854 1,230 1,674 2,186 2,767 3,416 4,134 4,919 5,773 6,696 7,686
133.20 326 579 904 1,302 1,772 2,315 2,930 3,617 4,377 5,209 6,113 7,090 8,139
140.60 344 611 955 1,375 1,871 2,444 3,093 3,818 4,620 5,498 6,453 7,483 8,591
148.00 362 643 1,005 1,447 1,969 2,572 3,255 4,019 4,863 5,787 6,792 7,877 9,043
155.40 380 675 1,055 1,519 2,068 2,701 3,418 4,220 5,106 6,077 7,132 8,271 9,495
162.80 398 707 1,105 1,592 2,166 2,829 3,581 4,421 5,349 6,366 7,471 8,665 9,947
170.20 416 740 1,155 1,664 2,265 2,958 3,744 4,622 5,592 6,656 7,811 9,059 10,399
177.60 434 772 1,206 1,736 2,363 3,087 3,906 4,823 5,836 6,945 8,151 9,453 10,851
185.00 452 804 1,256 1,809 2,462 3,215 4,069 5,024 6,079 7,234 8,490 9,847 11,304
192.40 470 836 1,306 1,881 2,560 3,344 4,232 5,225 6,322 7,524 8,830 10,240 11,756
199.80 488 868 1,356 1,953 2,659 3,472 4,395 5,426 6,565 7,813 9,169 10,634 12,208
207.20 506 900 1,407 2,026 2,757 3,601 4,558 5,627 6,808 8,102 9,509 11,028 12,660
214.60 524 932 1,457 2,098 2,856 3,730 4,720 5,828 7,051 8,392 9,849 11,422 13,112
222.00 543 965 1,507 2,170 2,954 3,858 4,883 6,029 7,295 8,681 10,188 11,816 13,564
229.40 561 997 1,557 2,243 3,052 3,987 5,046 6,229 7,538 8,970 10,528 12,210 14,016
236.80 579 1,029 1,608 2,315 3,151 4,115 5,209 6,430 7,781 9,260 10,867 12,604 14,468
244.20 597 1,061 1,658 2,387 3,249 4,244 5,371 6,631 8,024 9,549 11,207 12,998 14,921
251.60 615 1,093 1,708 2,460 3,348 4,373 5,534 6,832 8,267 9,839 11,547 13,391 15,373