Pension bonus estimator

Last updated: 
20 September 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 20 March 2021 to 30 June 2021.

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
26.30 64 114 179 257 350 457 578 714 864 1,028 1,207 1,400 1,607
52.50 128 228 356 513 699 912 1,155 1,426 1,725 2,053 2,409 2,794 3,208
78.80 193 342 535 770 1,049 1,370 1,733 2,140 2,589 3,081 3,616 4,194 4,815
105.00 257 456 713 1,026 1,397 1,825 2,310 2,851 3,450 4,106 4,819 5,589 6,416
131.30 321 570 891 1,284 1,747 2,282 2,888 3,566 4,314 5,134 6,026 6,988 8,022
157.50 385 684 1,069 1,540 2,096 2,737 3,464 4,277 5,175 6,159 7,228 8,383 9,623
183.80 449 799 1,248 1,797 2,446 3,194 4,043 4,991 6,039 7,187 8,435 9,783 11,230
210.00 513 912 1,426 2,053 2,794 3,650 4,619 5,703 6,900 8,212 9,638 11,177 12,831
236.30 578 1,027 1,604 2,310 3,144 4,107 5,198 6,417 7,764 9,240 10,844 12,577 14,438
262.60 642 1,141 1,783 2,567 3,494 4,564 5,776 7,131 8,629 10,269 12,051 13,977 16,045
288.80 706 1,255 1,961 2,823 3,843 5,019 6,352 7,843 9,489 11,293 13,254 15,371 17,646
315.10 770 1,369 2,139 3,080 4,193 5,476 6,931 8,557 10,354 12,322 14,461 16,771 19,253
341.30 834 1,483 2,317 3,337 4,541 5,932 7,507 9,268 11,215 13,346 15,663 18,166 20,853
367.60 898 1,597 2,496 3,594 4,891 6,389 8,086 9,982 12,079 14,375 16,870 19,565 22,460
393.80 962 1,711 2,673 3,850 5,240 6,844 8,662 10,694 12,940 15,399 18,073 20,960 24,061
420.10 1,027 1,825 2,852 4,107 5,590 7,301 9,241 11,408 13,804 16,428 19,280 22,360 25,668
446.40 1,091 1,940 3,031 4,364 5,940 7,758 9,819 12,122 14,668 17,456 20,487 23,760 27,275
472.60 1,155 2,053 3,208 4,620 6,289 8,214 10,395 12,834 15,529 18,481 21,689 25,154 28,876
498.90 1,219 2,168 3,387 4,877 6,638 8,671 10,974 13,548 16,393 19,509 22,896 26,554 30,483
525.10 1,283 2,282 3,565 5,133 6,987 9,126 11,550 14,259 17,254 20,534 24,098 27,948 32,084
551.40 1,348 2,396 3,743 5,390 7,337 9,583 12,129 14,974 18,118 21,562 25,305 29,348 33,691
577.60 1,412 2,510 3,921 5,647 7,686 10,038 12,705 15,685 18,979 22,586 26,508 30,743 35,291
603.90 1,476 2,624 4,100 5,904 8,036 10,496 13,283 16,399 19,843 23,615 27,715 32,143 36,898
630.10 1,540 2,738 4,278 6,160 8,384 10,951 13,860 17,111 20,704 24,639 28,917 33,537 38,499
656.40 1,604 2,852 4,456 6,417 8,734 11,408 14,438 17,825 21,568 25,668 30,124 34,937 40,106
682.70 1,669 2,966 4,635 6,674 9,084 11,865 15,017 18,539 22,432 26,696 31,331 36,337 41,713
708.90 1,733 3,080 4,813 6,930 9,433 12,320 15,593 19,251 23,293 27,721 32,533 37,731 43,314
735.20 1,797 3,194 4,991 7,187 9,783 12,777 16,171 19,965 24,157 28,749 33,740 39,131 44,921
761.40 1,861 3,308 5,169 7,443 10,131 13,233 16,748 20,676 25,018 29,774 34,943 40,525 46,522
787.70 1,925 3,422 5,348 7,701 10,481 13,690 17,326 21,390 25,882 30,802 36,150 41,925 48,128
813.90 1,989 3,536 5,525 7,957 10,830 14,145 17,903 22,102 26,743 31,827 37,352 43,320 49,729
840.20 2,053 3,651 5,704 8,214 11,180 14,602 18,481 22,816 27,607 32,855 38,559 44,720 51,336
866.40 2,117 3,764 5,882 8,470 11,529 15,058 19,057 23,528 28,468 33,880 39,762 46,114 52,937
892.70 2,182 3,879 6,060 8,727 11,878 15,515 19,636 24,242 29,333 34,908 40,969 47,514 54,544

Pension Bonus Table - Service Pension - Couple Rate

Pension Rate 12 16 20 24 28 32 36 40 44 48 52 56 60 Months
19.80 48 86 134 194 263 344 436 538 651 774 909 1,054 1,210
39.70 97 172 270 388 528 690 873 1,078 1,304 1,552 1,822 2,113 2,426
59.50 145 259 404 582 792 1,034 1,309 1,616 1,955 2,327 2,731 3,167 3,635
79.40 194 345 539 776 1,057 1,380 1,746 2,156 2,609 3,105 3,644 4,226 4,851
99.20 242 431 673 970 1,320 1,724 2,182 2,694 3,260 3,879 4,553 5,280 6,061
119.00 291 517 808 1,163 1,583 2,068 2,618 3,232 3,910 4,653 5,461 6,334 7,271
138.90 339 604 943 1,358 1,848 2,414 3,055 3,772 4,564 5,432 6,375 7,393 8,487
158.70 388 690 1,077 1,551 2,112 2,758 3,491 4,310 5,215 6,206 7,283 8,447 9,697
178.60 436 776 1,212 1,746 2,376 3,104 3,928 4,850 5,868 6,984 8,196 9,506 10,912
198.40 485 862 1,347 1,940 2,640 3,448 4,364 5,388 6,519 7,758 9,105 10,560 12,122
218.30 534 948 1,482 2,134 2,905 3,794 4,802 5,928 7,173 8,536 10,018 11,619 13,338
238.10 582 1,035 1,616 2,328 3,168 4,138 5,237 6,466 7,824 9,311 10,927 12,673 14,548
257.90 630 1,121 1,751 2,521 3,432 4,482 5,673 7,003 8,474 10,085 11,836 13,727 15,758
277.80 679 1,207 1,886 2,716 3,696 4,828 6,110 7,544 9,128 10,863 12,749 14,786 16,974
297.60 727 1,293 2,020 2,909 3,960 5,172 6,546 8,081 9,779 11,637 13,658 15,840 18,183
317.50 776 1,380 2,155 3,104 4,225 5,518 6,984 8,622 10,432 12,416 14,571 16,899 19,399
337.30 824 1,466 2,290 3,297 4,488 5,862 7,419 9,160 11,083 13,190 15,480 17,953 20,609
357.10 873 1,552 2,424 3,491 4,752 6,206 7,855 9,697 11,734 13,964 16,388 19,007 21,819
377.00 921 1,638 2,559 3,686 5,016 6,552 8,292 10,238 12,388 14,742 17,302 20,066 23,035
396.80 970 1,724 2,694 3,879 5,280 6,896 8,728 10,775 13,038 15,516 18,210 21,120 24,244
416.70 1,018 1,811 2,829 4,074 5,545 7,242 9,166 11,316 13,692 16,295 19,124 22,179 25,460
436.50 1,067 1,897 2,963 4,267 5,808 7,586 9,601 11,853 14,343 17,069 20,032 23,233 26,670
456.30 1,115 1,983 3,098 4,461 6,072 7,930 10,037 12,391 14,993 17,843 20,941 24,287 27,880
476.20 1,164 2,069 3,233 4,655 6,336 8,276 10,474 12,931 15,647 18,621 21,854 25,346 29,096
496.00 1,212 2,155 3,367 4,849 6,600 8,620 10,910 13,469 16,298 19,396 22,763 26,400 30,306
515.90 1,261 2,242 3,502 5,043 6,865 8,966 11,348 14,010 16,952 20,174 23,676 27,459 31,521
535.70 1,309 2,328 3,637 5,237 7,128 9,310 11,783 14,547 17,602 20,948 24,585 28,513 32,731
555.60 1,358 2,414 3,772 5,432 7,393 9,656 12,221 15,088 18,256 21,726 25,498 29,572 33,947
575.40 1,406 2,500 3,906 5,625 7,656 10,000 12,656 15,625 18,907 22,500 26,407 30,626 35,157
595.20 1,455 2,586 4,041 5,819 7,920 10,344 13,092 16,163 19,557 23,275 27,315 31,679 36,367
615.10 1,503 2,673 4,176 6,013 8,185 10,690 13,530 16,703 20,211 24,053 28,229 32,739 37,583
634.90 1,552 2,759 4,310 6,207 8,448 11,034 13,965 17,241 20,862 24,827 29,137 33,792 38,792
654.80 1,600 2,845 4,445 6,401 8,713 11,380 14,403 17,781 21,516 25,605 30,051 34,852 40,008
674.60 1,649 2,931 4,580 6,595 8,976 11,724 14,839 18,319 22,166 26,380 30,959 35,906 41,218

Pension Bonus Table - Income Support Supplement - Single Rate

Pension Rate 12 16 20 24 28 32 36 40 44 48 52 56 60 Months
7.10 17 31 48 69 94 123 156 193 233 278 326 378 434
14.20 35 62 96 139 189 247 312 386 467 555 652 756 868
21.30 52 93 145 208 283 370 469 578 700 833 978 1,134 1,301
28.30 69 123 192 277 377 492 622 769 930 1,107 1,299 1,506 1,729
35.40 87 154 240 346 471 615 779 961 1,163 1,384 1,625 1,884 2,163
42.50 104 185 289 415 566 739 935 1,154 1,396 1,662 1,950 2,262 2,597
49.60 121 216 337 485 660 862 1,091 1,347 1,630 1,940 2,276 2,640 3,031
56.70 139 246 385 554 754 985 1,247 1,540 1,863 2,217 2,602 3,018 3,464
63.80 156 277 433 624 849 1,109 1,403 1,733 2,096 2,495 2,928 3,396 3,898
70.90 173 308 481 693 943 1,232 1,560 1,925 2,330 2,772 3,254 3,774 4,332
77.90 190 338 529 762 1,037 1,354 1,713 2,115 2,560 3,046 3,575 4,146 4,760
85.00 208 369 577 831 1,131 1,477 1,870 2,308 2,793 3,324 3,901 4,524 5,194
92.10 225 400 625 900 1,226 1,601 2,026 2,501 3,026 3,601 4,227 4,902 5,627
99.20 242 431 673 970 1,320 1,724 2,182 2,694 3,260 3,879 4,553 5,280 6,061
106.30 260 462 722 1,039 1,414 1,847 2,338 2,887 3,493 4,157 4,878 5,658 6,495
113.40 277 493 770 1,109 1,509 1,971 2,494 3,079 3,726 4,434 5,204 6,036 6,929
120.50 295 524 818 1,178 1,603 2,094 2,651 3,272 3,959 4,712 5,530 6,414 7,363
127.50 312 554 866 1,246 1,697 2,216 2,804 3,462 4,189 4,986 5,851 6,786 7,790
134.60 329 585 914 1,316 1,791 2,339 2,961 3,655 4,423 5,263 6,177 7,164 8,224
141.70 346 616 962 1,385 1,885 2,463 3,117 3,848 4,656 5,541 6,503 7,542 8,658
148.80 364 647 1,010 1,455 1,980 2,586 3,273 4,041 4,889 5,819 6,829 7,920 9,092
155.90 381 677 1,058 1,524 2,074 2,709 3,429 4,234 5,123 6,096 7,155 8,298 9,525
163.00 398 708 1,107 1,593 2,169 2,833 3,585 4,426 5,356 6,374 7,481 8,676 9,959
170.00 415 739 1,154 1,662 2,262 2,955 3,739 4,616 5,586 6,648 7,802 9,048 10,387
177.10 433 769 1,202 1,731 2,357 3,078 3,895 4,809 5,819 6,925 8,128 9,426 10,821
184.20 450 800 1,251 1,801 2,451 3,201 4,052 5,002 6,052 7,203 8,453 9,804 11,255
191.30 468 831 1,299 1,870 2,545 3,325 4,208 5,195 6,286 7,481 8,779 10,182 11,688
198.40 485 862 1,347 1,940 2,640 3,448 4,364 5,388 6,519 7,758 9,105 10,560 12,122
205.50 502 893 1,395 2,009 2,734 3,571 4,520 5,580 6,752 8,036 9,431 10,938 12,556
212.60 520 924 1,443 2,078 2,829 3,695 4,676 5,773 6,986 8,314 9,757 11,316 12,990
219.60 537 954 1,491 2,147 2,922 3,817 4,830 5,963 7,216 8,587 10,078 11,688 13,418
226.70 554 985 1,539 2,216 3,017 3,940 4,986 6,156 7,449 8,865 10,404 12,066 13,851
233.80 571 1,016 1,587 2,286 3,111 4,063 5,143 6,349 7,682 9,143 10,730 12,444 14,285
240.90 589 1,047 1,635 2,355 3,205 4,187 5,299 6,542 7,916 9,420 11,056 12,822 14,719

Pension Bonus Table - Income Support Supplement - Couple Rate

Pension Rate 12 16 20 24 28 32 36 40 44 48 52 56 60 Months
7.50 18 33 51 73 100 130 165 204 246 293 344 399 458
14.90 36 65 101 146 198 259 328 405 490 583 684 793 910
22.40 55 97 152 219 298 389 493 608 736 876 1,028 1,192 1,369
29.90 73 130 203 292 398 520 658 812 982 1,169 1,372 1,591 1,827
37.30 91 162 253 365 496 648 820 1,013 1,226 1,459 1,712 1,985 2,279
44.80 109 195 304 438 596 779 985 1,217 1,472 1,752 2,056 2,384 2,737
52.30 128 227 355 511 696 909 1,150 1,420 1,718 2,045 2,400 2,784 3,196
59.70 146 259 405 584 794 1,038 1,313 1,621 1,962 2,335 2,740 3,178 3,648
67.20 164 292 456 657 894 1,168 1,478 1,825 2,208 2,628 3,084 3,577 4,106
74.70 183 325 507 730 994 1,298 1,643 2,029 2,455 2,921 3,428 3,976 4,564
82.10 201 357 557 803 1,092 1,427 1,806 2,229 2,698 3,210 3,768 4,370 5,016
89.60 219 389 608 876 1,192 1,557 1,971 2,433 2,944 3,504 4,112 4,769 5,475
97.10 237 422 659 949 1,292 1,688 2,136 2,637 3,191 3,797 4,456 5,168 5,933
104.50 255 454 709 1,022 1,391 1,816 2,299 2,838 3,434 4,086 4,796 5,562 6,385
112.00 274 487 760 1,095 1,490 1,947 2,464 3,041 3,680 4,380 5,140 5,961 6,843
119.50 292 519 811 1,168 1,590 2,077 2,629 3,245 3,927 4,673 5,484 6,360 7,301
127.00 310 552 862 1,242 1,690 2,207 2,793 3,449 4,173 4,966 5,828 6,760 7,760
134.40 328 584 912 1,314 1,788 2,336 2,956 3,650 4,416 5,256 6,168 7,153 8,212
141.90 347 617 963 1,387 1,888 2,466 3,121 3,853 4,663 5,549 6,512 7,553 8,670
149.40 365 649 1,014 1,461 1,988 2,597 3,286 4,057 4,909 5,842 6,856 7,952 9,128
156.80 383 681 1,064 1,533 2,086 2,725 3,449 4,258 5,152 6,132 7,196 8,346 9,580
164.30 402 714 1,115 1,606 2,186 2,855 3,614 4,462 5,399 6,425 7,540 8,745 10,039
171.80 420 746 1,166 1,680 2,286 2,986 3,779 4,665 5,645 6,718 7,884 9,144 10,497
179.20 438 779 1,217 1,752 2,384 3,114 3,942 4,866 5,888 7,007 8,224 9,538 10,949
186.70 456 811 1,267 1,825 2,484 3,245 4,107 5,070 6,135 7,301 8,568 9,937 11,407
194.20 475 844 1,318 1,898 2,584 3,375 4,272 5,274 6,381 7,594 8,912 10,336 11,866
201.60 493 876 1,369 1,971 2,683 3,504 4,434 5,475 6,624 7,883 9,252 10,730 12,318
209.10 511 909 1,420 2,044 2,782 3,634 4,599 5,678 6,871 8,177 9,596 11,129 12,776
216.60 529 941 1,470 2,117 2,882 3,764 4,764 5,882 7,117 8,470 9,940 11,529 13,234
224.00 547 973 1,521 2,190 2,981 3,893 4,927 6,083 7,360 8,759 10,280 11,922 13,686
231.50 566 1,006 1,572 2,263 3,080 4,023 5,092 6,287 7,607 9,053 10,624 12,322 14,145
239.00 584 1,038 1,623 2,336 3,180 4,154 5,257 6,490 7,853 9,346 10,968 12,721 14,603
246.40 602 1,071 1,673 2,409 3,279 4,282 5,420 6,691 8,096 9,635 11,308 13,115 15,055
253.90 621 1,103 1,724 2,482 3,378 4,413 5,585 6,895 8,343 9,929 11,652 13,514 15,513