Pension bonus estimator

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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.

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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 January 2023 to 19 March 2023.

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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.

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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 $63.50 from the figure in the ready reckoner
  • Service Pensioner Couples should subtract $46.00 from the figure in the ready reckoner
  • Single ISS recipients should subtract $49.40 from the figure in the ready reckoner
  • Partnered ISS recipients should subtract $35.40 from the figure in the ready reckoner.

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

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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.
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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 $63.50 is $254.90 and your estimated deferral period is 20 months. Using the “Single Rate” table under the service pension, you would then select $254.90 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 $1,730.00.

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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 $63.50 (single) or $46.00 (partnered);
  • all ISS amounts are fortnightly payments and are after deduction of $49.40 (single) or $35.40 (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.
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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.

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Pension Bonus Table - Service Pension - Single Rate

Pension Rate 12 16 20 24 28 32 36 40 44 48 52 56 60 Months
28.30 69 123 192 277 377 492 622 769 930 1,107 1,107 1,506 1,729
56.60 138 246 384 553 753 984 1,245 1,537 1,860 2,213 2,213 3,013 3,458
85.00 208 369 577 831 1,131 1,477 1,870 2,308 2,793 3,324 3,324 4,524 5,194
113.30 277 492 769 1,108 1,508 1,969 2,492 3,077 3,723 4,430 4,430 6,030 6,923
141.60 346 615 961 1,384 1,884 2,461 3,115 3,845 4,653 5,537 5,537 7,537 8,652
169.90 415 738 1,153 1,661 2,261 2,953 3,737 4,614 5,583 6,644 6,644 9,043 10,381
198.30 485 862 1,346 1,939 2,639 3,446 4,362 5,385 6,516 7,754 7,754 10,554 12,116
226.60 554 985 1,538 2,215 3,015 3,938 4,984 6,153 7,446 8,861 8,861 12,061 13,845
254.90 623 1,108 1,730 2,492 3,392 4,430 5,607 6,922 8,376 9,968 9,968 13,567 15,574
283.20 692 1,230 1,923 2,769 3,768 4,922 6,229 7,690 9,305 11,074 11,074 15,073 17,304
311.60 762 1,354 2,115 3,046 4,146 5,415 6,854 8,462 10,239 12,185 12,185 16,585 19,039
339.90 831 1,477 2,308 3,323 4,523 5,907 7,476 9,230 11,169 13,291 13,291 18,091 20,768
368.20 900 1,600 2,500 3,600 4,899 6,399 8,099 9,999 12,098 14,398 14,398 19,597 22,497
396.50 969 1,723 2,692 3,876 5,276 6,891 8,721 10,767 13,028 15,505 15,505 21,104 24,226
424.90 1,038 1,846 2,885 4,154 5,654 7,385 9,346 11,538 13,961 16,615 16,615 22,615 25,961
453.20 1,108 1,969 3,077 4,430 6,030 7,876 9,969 12,307 14,891 17,722 17,722 24,122 27,691
481.50 1,177 2,092 3,269 4,707 6,407 8,368 10,591 13,075 15,821 18,829 18,829 25,628 29,420
509.80 1,246 2,215 3,461 4,984 6,784 8,860 11,214 13,844 16,751 19,935 19,935 27,134 31,149
538.10 1,315 2,338 3,653 5,260 7,160 9,352 11,836 14,612 17,681 21,042 21,042 28,640 32,878
566.50 1,385 2,461 3,846 5,538 7,538 9,846 12,461 15,384 18,614 22,152 22,152 30,152 34,613
594.80 1,454 2,584 4,038 5,815 7,915 10,337 13,083 16,152 19,544 23,259 23,259 31,658 36,342
623.10 1,523 2,707 4,230 6,091 8,291 10,829 13,706 16,921 20,474 24,366 24,366 33,164 38,071
651.40 1,592 2,830 4,422 6,368 8,668 11,321 14,328 17,689 21,404 25,472 25,472 34,671 39,801
679.80 1,661 2,954 4,615 6,646 9,046 11,815 14,953 18,460 22,337 26,583 26,583 36,182 41,536
708.10 1,731 3,077 4,807 6,922 9,422 12,306 15,575 19,229 23,267 27,690 27,690 37,689 43,265
736.40 1,800 3,200 4,999 7,199 9,799 12,798 16,198 19,997 24,197 28,796 28,796 39,195 44,994
764.70 1,869 3,323 5,191 7,476 10,175 13,290 16,820 20,766 25,127 29,903 29,903 40,701 46,723
793.10 1,938 3,446 5,384 7,753 10,553 13,784 17,445 21,537 26,060 31,013 31,013 42,213 48,458
821.40 2,008 3,569 5,576 8,030 10,930 14,276 18,068 22,306 26,990 32,120 32,120 43,719 50,188
849.70 2,077 3,692 5,769 8,307 11,306 14,767 18,690 23,074 27,920 33,227 33,227 45,225 51,917
878.00 2,146 3,815 5,961 8,583 11,683 15,259 19,312 23,843 28,850 34,333 34,333 46,731 53,646
906.40 2,215 3,938 6,153 8,861 12,061 15,753 19,937 24,614 29,783 35,444 35,444 48,243 55,381
934.70 2,284 4,061 6,346 9,138 12,437 16,245 20,560 25,382 30,713 36,551 36,551 49,749 57,110
963.00 2,354 4,184 6,538 9,414 12,814 16,737 21,182 26,151 31,642 37,657 37,657 51,256 58,839
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Pension Bonus Table - Service Pension - Couple Rate

Pension Rate 12 16 20 24 28 32 36 40 44 48 52 56 60 Months
21.40 52 93 145 209 285 372 471 581 703 837 837 1,139 1,308
42.80 105 186 291 418 570 744 941 1,162 1,406 1,674 1,674 2,278 2,615
64.20 157 279 436 628 854 1,116 1,412 1,743 2,109 2,510 2,510 3,417 3,923
85.60 209 372 581 837 1,139 1,488 1,883 2,325 2,813 3,347 3,347 4,556 5,230
107.00 262 465 726 1,046 1,424 1,860 2,354 2,906 3,516 4,184 4,184 5,695 6,538
128.40 314 558 872 1,255 1,709 2,232 2,824 3,487 4,219 5,021 5,021 6,834 7,845
149.80 366 651 1,017 1,464 1,993 2,603 3,295 4,068 4,922 5,858 5,858 7,973 9,153
171.20 418 744 1,162 1,674 2,278 2,975 3,766 4,649 5,625 6,695 6,695 9,112 10,460
192.70 471 837 1,308 1,884 2,564 3,349 4,239 5,233 6,332 7,535 7,535 10,256 11,774
214.10 523 930 1,454 2,093 2,849 3,721 4,709 5,814 7,035 8,372 8,372 11,395 13,082
235.50 576 1,023 1,599 2,302 3,134 4,093 5,180 6,395 7,738 9,209 9,209 12,534 14,389
256.90 628 1,116 1,744 2,511 3,418 4,465 5,651 6,976 8,441 10,046 10,046 13,673 15,697
278.30 680 1,209 1,889 2,721 3,703 4,837 6,121 7,557 9,144 10,883 10,883 14,812 17,004
299.70 732 1,302 2,035 2,930 3,988 5,209 6,592 8,139 9,848 11,719 11,719 15,951 18,312
321.10 785 1,395 2,180 3,139 4,273 5,581 7,063 8,720 10,551 12,556 12,556 17,091 19,619
342.50 837 1,488 2,325 3,348 4,557 5,952 7,534 9,301 11,254 13,393 13,393 18,230 20,927
363.90 889 1,581 2,470 3,557 4,842 6,324 8,004 9,882 11,957 14,230 14,230 19,369 22,234
385.30 942 1,674 2,616 3,767 5,127 6,696 8,475 10,463 12,660 15,067 15,067 20,508 23,542
406.70 994 1,767 2,761 3,976 5,412 7,068 8,946 11,044 13,363 15,904 15,904 21,647 24,849
428.10 1,046 1,860 2,906 4,185 5,696 7,440 9,416 11,625 14,067 16,740 16,740 22,786 26,157
449.50 1,099 1,953 3,052 4,394 5,981 7,812 9,887 12,206 14,770 17,577 17,577 23,925 27,464
470.90 1,151 2,046 3,197 4,604 6,266 8,184 10,358 12,788 15,473 18,414 18,414 25,064 28,772
492.30 1,203 2,139 3,342 4,813 6,551 8,556 10,829 13,369 16,176 19,251 19,251 26,203 30,080
513.70 1,255 2,232 3,487 5,022 6,835 8,928 11,299 13,950 16,879 20,088 20,088 27,342 31,387
535.10 1,308 2,325 3,633 5,231 7,120 9,300 11,770 14,531 17,582 20,925 20,925 28,481 32,695
556.60 1,360 2,418 3,779 5,441 7,406 9,673 12,243 15,115 18,289 21,765 21,765 29,625 34,008
578.00 1,413 2,511 3,924 5,651 7,691 10,045 12,714 15,696 18,992 22,602 22,602 30,764 35,316
599.40 1,465 2,604 4,069 5,860 7,976 10,417 13,184 16,277 19,695 23,439 23,439 31,903 36,623
620.80 1,517 2,697 4,215 6,069 8,261 10,789 13,655 16,858 20,398 24,276 24,276 33,042 37,931
642.20 1,570 2,790 4,360 6,278 8,545 11,161 14,126 17,439 21,102 25,113 25,113 34,181 39,238
663.60 1,622 2,883 4,505 6,487 8,830 11,533 14,597 18,020 21,805 25,949 25,949 35,320 40,546
685.00 1,674 2,976 4,650 6,697 9,115 11,905 15,067 18,602 22,508 26,786 26,786 36,459 41,854
706.40 1,726 3,069 4,796 6,906 9,400 12,277 15,538 19,183 23,211 27,623 27,623 37,598 43,161
727.80 1,779 3,162 4,941 7,115 9,684 12,649 16,009 19,764 23,914 28,460 28,460 38,737 44,469
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Pension Bonus Table - Income Support Supplement - Single Rate

Pension Rate 12 16 20 24 28 32 36 40 44 48 52 56 60 Months
7.70 19 33 52 75 102 134 169 209 253 301 301 410 470
15.30 37 66 104 150 204 266 337 415 503 598 598 814 935
23.00 56 100 156 225 306 400 506 625 756 899 899 1,224 1,405
30.60 75 133 208 299 407 532 673 831 1,005 1,197 1,197 1,629 1,870
38.30 94 166 260 374 510 666 842 1,040 1,258 1,498 1,498 2,039 2,340
45.90 112 199 312 449 611 798 1,010 1,246 1,508 1,795 1,795 2,443 2,804
53.60 131 233 364 524 713 932 1,179 1,456 1,761 2,096 2,096 2,853 3,275
61.20 150 266 415 598 814 1,064 1,346 1,662 2,011 2,393 2,393 3,257 3,739
68.90 168 299 468 674 917 1,197 1,516 1,871 2,264 2,694 2,694 3,667 4,210
76.50 187 332 519 748 1,018 1,330 1,683 2,077 2,514 2,991 2,991 4,072 4,674
84.20 206 366 572 823 1,120 1,463 1,852 2,286 2,767 3,293 3,293 4,482 5,145
91.80 224 399 623 897 1,222 1,595 2,019 2,493 3,016 3,590 3,590 4,886 5,609
99.50 243 432 675 973 1,324 1,729 2,189 2,702 3,269 3,891 3,891 5,296 6,079
107.10 262 465 727 1,047 1,425 1,861 2,356 2,908 3,519 4,188 4,188 5,700 6,544
114.80 281 499 779 1,122 1,528 1,995 2,525 3,117 3,772 4,489 4,489 6,110 7,014
122.40 299 532 831 1,197 1,629 2,127 2,692 3,324 4,022 4,786 4,786 6,515 7,479
130.10 318 565 883 1,272 1,731 2,261 2,862 3,533 4,275 5,087 5,087 6,925 7,949
137.80 337 599 936 1,347 1,834 2,395 3,031 3,742 4,528 5,389 5,389 7,334 8,420
145.40 355 632 987 1,421 1,935 2,527 3,198 3,948 4,778 5,686 5,686 7,739 8,884
153.10 374 665 1,039 1,497 2,037 2,661 3,368 4,158 5,031 5,987 5,987 8,149 9,354
160.70 393 698 1,091 1,571 2,138 2,793 3,535 4,364 5,280 6,284 6,284 8,553 9,819
168.40 412 732 1,143 1,646 2,241 2,927 3,704 4,573 5,533 6,585 6,585 8,963 10,289
176.00 430 765 1,195 1,721 2,342 3,059 3,871 4,779 5,783 6,882 6,882 9,368 10,754
183.70 449 798 1,247 1,796 2,444 3,193 4,041 4,988 6,036 7,183 7,183 9,777 11,224
191.30 468 831 1,299 1,870 2,545 3,325 4,208 5,195 6,286 7,481 7,481 10,182 11,688
199.00 486 865 1,351 1,945 2,648 3,459 4,377 5,404 6,539 7,782 7,782 10,592 12,159
206.60 505 898 1,403 2,020 2,749 3,591 4,544 5,610 6,789 8,079 8,079 10,996 12,623
214.30 524 931 1,455 2,095 2,852 3,724 4,714 5,819 7,042 8,380 8,380 11,406 13,094
221.90 542 964 1,506 2,169 2,953 3,857 4,881 6,026 7,291 8,677 8,677 11,811 13,558
229.60 561 998 1,559 2,245 3,055 3,990 5,050 6,235 7,544 8,978 8,978 12,220 14,029
237.20 580 1,031 1,610 2,319 3,156 4,122 5,217 6,441 7,794 9,275 9,275 12,625 14,493
244.90 599 1,064 1,663 2,394 3,259 4,256 5,387 6,650 8,047 9,577 9,577 13,035 14,963
252.50 617 1,097 1,714 2,468 3,360 4,388 5,554 6,857 8,297 9,874 9,874 13,439 15,428
260.20 636 1,131 1,766 2,544 3,462 4,522 5,723 7,066 8,550 10,175 10,175 13,849 15,898
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Pension Bonus Table - Income Support Supplement - Couple Rate

Pension Rate 12 16 20 24 28 32 36 40 44 48 52 56 60 Months
8.10 20 35 55 79 108 141 178 220 266 317 317 431 495
16.10 39 70 109 157 214 280 354 437 529 630 630 857 984
24.20 59 105 164 237 322 421 532 657 795 946 946 1,288 1,479
32.30 79 140 219 316 430 561 710 877 1,061 1,263 1,263 1,719 1,974
40.30 98 175 274 394 536 700 886 1,094 1,324 1,576 1,576 2,145 2,462
48.40 118 210 329 473 644 841 1,065 1,314 1,590 1,893 1,893 2,576 2,957
56.50 138 245 384 552 752 982 1,243 1,534 1,856 2,209 2,209 3,007 3,452
64.50 158 280 438 631 858 1,121 1,419 1,752 2,119 2,522 2,522 3,433 3,941
72.60 177 315 493 710 966 1,262 1,597 1,971 2,386 2,839 2,839 3,864 4,436
80.60 197 350 547 788 1,072 1,401 1,773 2,189 2,648 3,152 3,152 4,290 4,925
88.70 217 385 602 867 1,180 1,542 1,951 2,409 2,915 3,469 3,469 4,721 5,420
96.80 237 421 657 946 1,288 1,682 2,129 2,629 3,181 3,785 3,785 5,152 5,914
104.80 256 455 711 1,025 1,394 1,821 2,305 2,846 3,444 4,098 4,098 5,578 6,403
112.90 276 491 766 1,104 1,502 1,962 2,483 3,066 3,710 4,415 4,415 6,009 6,898
121.00 296 526 821 1,183 1,610 2,103 2,662 3,286 3,976 4,732 4,732 6,440 7,393
129.00 315 560 876 1,261 1,717 2,242 2,837 3,503 4,239 5,044 5,044 6,866 7,882
137.10 335 596 931 1,340 1,824 2,383 3,016 3,723 4,505 5,361 5,361 7,297 8,377
145.20 355 631 986 1,419 1,932 2,524 3,194 3,943 4,771 5,678 5,678 7,728 8,872
153.20 374 666 1,040 1,498 2,039 2,663 3,370 4,160 5,034 5,991 5,991 8,154 9,361
161.30 394 701 1,095 1,577 2,146 2,803 3,548 4,380 5,300 6,307 6,307 8,585 9,855
169.40 414 736 1,150 1,656 2,254 2,944 3,726 4,600 5,566 6,624 6,624 9,016 10,350
177.40 434 771 1,204 1,734 2,361 3,083 3,902 4,817 5,829 6,937 6,937 9,442 10,839
185.50 453 806 1,259 1,813 2,468 3,224 4,080 5,037 6,095 7,254 7,254 9,873 11,334
193.60 473 841 1,314 1,893 2,576 3,365 4,258 5,257 6,361 7,571 7,571 10,304 11,829
201.60 493 876 1,369 1,971 2,683 3,504 4,434 5,475 6,624 7,883 7,883 10,730 12,318
209.70 513 911 1,424 2,050 2,790 3,644 4,613 5,695 6,890 8,200 8,200 11,161 12,813
217.70 532 946 1,478 2,128 2,897 3,784 4,789 5,912 7,153 8,513 8,513 11,587 13,301
225.80 552 981 1,533 2,207 3,005 3,924 4,967 6,132 7,419 8,830 8,830 12,018 13,796
233.90 572 1,016 1,588 2,287 3,112 4,065 5,145 6,352 7,686 9,146 9,146 12,449 14,291
241.90 591 1,051 1,642 2,365 3,219 4,204 5,321 6,569 7,948 9,459 9,459 12,875 14,780
250.00 611 1,086 1,697 2,444 3,327 4,345 5,499 6,789 8,215 9,776 9,776 13,306 15,275
258.10 631 1,121 1,752 2,523 3,434 4,486 5,677 7,009 8,481 10,093 10,093 13,737 15,770
266.10 650 1,156 1,807 2,601 3,541 4,625 5,853 7,226 8,744 10,406 10,406 14,163 16,259
274.20 670 1,191 1,862 2,681 3,649 4,765 6,031 7,446 9,010 10,722 10,722 14,594 16,754
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