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 (the 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 July 2022 to 19 September 2022.

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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 $60.60 from the figure in the ready reckoner
  • Service Pensioner Couples should subtract $43.90 from the figure in the ready reckoner
  • Single ISS recipients should subtract $46.50 from the figure in the ready reckoner
  • Partnered ISS recipients should subtract $33.30 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 $60.60 is $240.10 and your estimated deferral period is 20 months. Using the “Single Rate” table under the service pension, you would then select $240.10 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 $1,630.

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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 $60.60 (single) or $43.90 (partnered);
  • all ISS amounts are fortnightly payments and are after deduction of $46.50 (single) or $33.30 (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
27.20 66 118 185 266 362 473 598 739 894 1,064 1,064 1,448 1,662
54.50 133 237 370 533 725 947 1,199 1,480 1,791 2,131 2,131 2,901 3,330
81.70 200 355 555 799 1,087 1,420 1,797 2,219 2,685 3,195 3,195 4,348 4,992
108.90 266 473 739 1,065 1,449 1,893 2,395 2,957 3,578 4,258 4,258 5,796 6,654
136.20 333 592 925 1,331 1,812 2,367 2,996 3,699 4,475 5,326 5,326 7,249 8,322
163.40 399 710 1,109 1,597 2,174 2,840 3,594 4,437 5,369 6,390 6,390 8,697 9,984
190.60 466 828 1,294 1,863 2,536 3,313 4,192 5,176 6,263 7,453 7,453 10,145 11,646
217.90 533 947 1,479 2,130 2,899 3,787 4,793 5,917 7,160 8,521 8,521 11,598 13,314
245.10 599 1,065 1,664 2,396 3,261 4,260 5,391 6,656 8,054 9,584 9,584 13,045 14,976
272.40 666 1,184 1,849 2,663 3,625 4,734 5,992 7,397 8,951 10,652 10,652 14,498 16,644
299.60 732 1,302 2,034 2,929 3,987 5,207 6,590 8,136 9,844 11,716 11,716 15,946 18,306
326.80 799 1,420 2,219 3,195 4,348 5,680 7,188 8,874 10,738 12,779 12,779 17,394 19,967
354.10 865 1,539 2,404 3,462 4,712 6,154 7,789 9,616 11,635 13,847 13,847 18,847 21,636
381.30 932 1,657 2,589 3,728 5,074 6,627 8,387 10,354 12,529 14,910 14,910 20,295 23,297
408.50 998 1,775 2,773 3,993 5,436 7,100 8,985 11,093 13,423 15,974 15,974 21,742 24,959
435.80 1,065 1,894 2,959 4,260 5,799 7,574 9,586 11,834 14,320 17,042 17,042 23,195 26,627
463.00 1,132 2,012 3,143 4,526 6,161 8,047 10,184 12,573 15,213 18,105 18,105 24,643 28,289
490.20 1,198 2,130 3,328 4,792 6,523 8,519 10,782 13,312 16,107 19,169 19,169 26,091 29,951
517.50 1,265 2,248 3,513 5,059 6,886 8,994 11,383 14,053 17,004 20,236 20,236 27,544 31,619
544.70 1,331 2,367 3,698 5,325 7,248 9,467 11,981 14,792 17,898 21,300 21,300 28,992 33,281
571.90 1,398 2,485 3,883 5,591 7,610 9,939 12,580 15,530 18,792 22,364 22,364 30,439 34,943
599.20 1,464 2,603 4,068 5,858 7,973 10,414 13,180 16,272 19,689 23,431 23,431 31,892 36,611
626.40 1,531 2,722 4,253 6,124 8,335 10,887 13,778 17,010 20,582 24,495 24,495 33,340 38,273
653.60 1,597 2,840 4,437 6,390 8,697 11,359 14,377 17,749 21,476 25,558 25,558 34,788 39,935
680.90 1,664 2,958 4,623 6,656 9,060 11,834 14,977 18,490 22,373 26,626 26,626 36,241 41,603
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
735.40 1,797 3,195 4,993 7,189 9,785 12,781 16,176 19,970 24,164 28,757 28,757 39,142 44,933
762.60 1,864 3,313 5,177 7,455 10,147 13,254 16,774 20,709 25,058 29,821 29,821 40,589 46,595
789.80 1,930 3,432 5,362 7,721 10,509 13,726 17,372 21,447 25,951 30,884 30,884 42,037 48,257
817.10 1,997 3,550 5,547 7,988 10,873 14,201 17,973 22,189 26,848 31,952 31,952 43,490 49,925
844.30 2,063 3,668 5,732 8,254 11,234 14,674 18,571 22,927 27,742 33,016 33,016 44,938 51,587
871.50 2,130 3,787 5,917 8,520 11,596 15,146 19,170 23,666 28,636 34,079 34,079 46,385 53,249
898.80 2,197 3,905 6,102 8,787 11,960 15,621 19,770 24,407 29,533 35,147 35,147 47,839 54,917
926.00 2,263 4,023 6,287 9,053 12,322 16,093 20,368 25,146 30,427 36,210 36,210 49,286 56,579
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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
20.60 50 90 140 201 274 358 453 559 677 806 806 1,096 1,259
41.20 101 179 280 403 548 716 906 1,119 1,354 1,611 1,611 2,193 2,517
61.70 151 268 419 603 821 1,072 1,357 1,675 2,027 2,413 2,413 3,284 3,770
82.30 201 358 559 805 1,095 1,430 1,810 2,235 2,704 3,218 3,218 4,380 5,029
102.90 251 447 699 1,006 1,369 1,788 2,263 2,794 3,381 4,024 4,024 5,477 6,287
123.50 302 537 838 1,207 1,643 2,146 2,717 3,354 4,058 4,829 4,829 6,573 7,546
144.10 352 626 978 1,409 1,917 2,504 3,170 3,913 4,735 5,635 5,635 7,670 8,805
164.70 403 716 1,118 1,610 2,192 2,862 3,623 4,473 5,412 6,440 6,440 8,766 10,063
185.20 453 805 1,257 1,811 2,464 3,219 4,074 5,029 6,085 7,242 7,242 9,857 11,316
205.80 503 894 1,397 2,012 2,738 3,577 4,527 5,589 6,762 8,048 8,048 10,954 12,574
226.40 553 984 1,537 2,213 3,013 3,935 4,980 6,148 7,439 8,853 8,853 12,050 13,833
247.00 604 1,073 1,677 2,415 3,287 4,293 5,433 6,707 8,116 9,659 9,659 13,147 15,092
267.60 654 1,163 1,817 2,616 3,561 4,651 5,886 7,267 8,793 10,464 10,464 14,243 16,350
288.20 704 1,252 1,957 2,817 3,835 5,009 6,339 7,826 9,470 11,270 11,270 15,339 17,609
308.70 754 1,341 2,096 3,018 4,108 5,365 6,790 8,383 10,143 12,071 12,071 16,431 18,862
329.30 805 1,431 2,236 3,219 4,382 5,723 7,243 8,942 10,820 12,877 12,877 17,527 20,120
349.90 855 1,520 2,375 3,421 4,656 6,081 7,696 9,502 11,497 13,682 13,682 18,623 21,379
370.50 906 1,610 2,515 3,622 4,930 6,439 8,150 10,061 12,174 14,488 14,488 19,720 22,638
391.10 956 1,699 2,655 3,823 5,204 6,797 8,603 10,621 12,851 15,294 15,294 20,816 23,896
411.60 1,006 1,788 2,794 4,024 5,477 7,153 9,054 11,177 13,524 16,095 16,095 21,907 25,149
432.20 1,056 1,878 2,934 4,225 5,751 7,511 9,507 11,737 14,201 16,901 16,901 23,004 26,407
452.80 1,107 1,967 3,074 4,427 6,025 7,869 9,960 12,296 14,878 17,706 17,706 24,100 27,666
473.40 1,157 2,057 3,214 4,628 6,299 8,227 10,413 12,855 15,555 18,512 18,512 25,197 28,925
494.00 1,207 2,146 3,354 4,829 6,573 8,586 10,866 13,415 16,232 19,317 19,317 26,293 30,183
514.60 1,258 2,236 3,494 5,031 6,847 8,944 11,319 13,974 16,909 20,123 20,123 27,390 31,442
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
555.70 1,358 2,414 3,773 5,433 7,394 9,658 12,223 15,090 18,259 21,730 21,730 29,577 33,953
576.30 1,408 2,504 3,912 5,634 7,668 10,016 12,676 15,650 18,936 22,536 22,536 30,674 35,212
596.90 1,459 2,593 4,052 5,835 7,942 10,374 13,129 16,209 19,613 23,341 23,341 31,770 36,471
617.50 1,509 2,683 4,192 6,037 8,217 10,732 13,583 16,769 20,290 24,147 24,147 32,866 37,729
638.10 1,560 2,772 4,332 6,238 8,491 11,090 14,036 17,328 20,967 24,952 24,952 33,963 38,988
658.60 1,610 2,862 4,471 6,438 8,763 11,446 14,487 17,885 21,640 25,754 25,754 35,054 40,240
679.20 1,660 2,951 4,611 6,640 9,038 11,804 14,940 18,444 22,317 26,559 26,559 36,150 41,499
699.80 1,710 3,041 4,751 6,841 9,312 12,162 15,393 19,003 22,994 27,365 27,365 37,247 42,758
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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
7.40 18 32 50 72 98 129 163 201 243 289 289 394 452
14.70 36 64 100 144 196 255 323 399 483 575 575 782 898
22.10 54 96 150 216 294 384 486 600 726 864 864 1,176 1,350
29.40 72 128 200 287 391 511 647 798 966 1,150 1,150 1,565 1,796
36.80 90 160 250 360 490 640 809 999 1,209 1,439 1,439 1,959 2,248
44.10 108 192 299 431 587 766 970 1,198 1,449 1,724 1,724 2,347 2,695
51.50 126 224 350 503 685 895 1,133 1,399 1,692 2,014 2,014 2,741 3,147
58.80 144 255 399 575 782 1,022 1,293 1,597 1,932 2,299 2,299 3,130 3,593
66.20 162 288 449 647 881 1,151 1,456 1,798 2,175 2,589 2,589 3,523 4,045
73.60 180 320 500 720 979 1,279 1,619 1,999 2,418 2,878 2,878 3,917 4,497
80.90 198 352 549 791 1,076 1,406 1,779 2,197 2,658 3,164 3,164 4,306 4,943
88.30 216 384 599 863 1,175 1,535 1,942 2,398 2,901 3,453 3,453 4,700 5,395
95.60 234 415 649 935 1,272 1,661 2,103 2,596 3,141 3,738 3,738 5,088 5,841
103.00 252 448 699 1,007 1,371 1,790 2,266 2,797 3,384 4,028 4,028 5,482 6,293
110.30 270 479 749 1,078 1,468 1,917 2,426 2,995 3,624 4,313 4,313 5,871 6,739
117.70 288 511 799 1,151 1,566 2,046 2,589 3,196 3,867 4,603 4,603 6,265 7,191
125.10 306 544 849 1,223 1,665 2,174 2,752 3,397 4,111 4,892 4,892 6,658 7,644
132.40 324 575 899 1,294 1,762 2,301 2,912 3,595 4,350 5,177 5,177 7,047 8,090
139.80 342 607 949 1,367 1,860 2,430 3,075 3,796 4,594 5,467 5,467 7,441 8,542
147.10 360 639 999 1,438 1,957 2,557 3,236 3,995 4,833 5,752 5,752 7,829 8,988
154.50 378 671 1,049 1,510 2,056 2,685 3,398 4,196 5,077 6,042 6,042 8,223 9,440
161.80 395 703 1,098 1,582 2,153 2,812 3,559 4,394 5,316 6,327 6,327 8,612 9,886
169.20 414 735 1,149 1,654 2,251 2,941 3,722 4,595 5,560 6,616 6,616 9,006 10,338
176.50 431 767 1,198 1,725 2,349 3,067 3,882 4,793 5,799 6,902 6,902 9,394 10,784
183.90 449 799 1,248 1,798 2,447 3,196 4,045 4,994 6,043 7,191 7,191 9,788 11,236
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
198.60 485 863 1,348 1,942 2,643 3,452 4,368 5,393 6,526 7,766 7,766 10,570 12,134
206.00 503 895 1,399 2,014 2,741 3,580 4,531 5,594 6,769 8,055 8,055 10,964 12,587
213.30 521 927 1,448 2,085 2,838 3,707 4,692 5,792 7,009 8,341 8,341 11,353 13,033
220.70 539 959 1,498 2,158 2,937 3,836 4,855 5,993 7,252 8,630 8,630 11,747 13,485
228.00 557 991 1,548 2,229 3,034 3,963 5,015 6,191 7,492 8,916 8,916 12,135 13,931
235.40 575 1,023 1,598 2,301 3,132 4,091 5,178 6,392 7,735 9,205 9,205 12,529 14,383
242.70 593 1,055 1,648 2,373 3,229 4,218 5,338 6,591 7,975 9,491 9,491 12,918 14,829
250.10 611 1,087 1,698 2,445 3,328 4,347 5,501 6,792 8,218 9,780 9,780 13,312 15,281
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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
7.80 19 34 53 76 104 136 172 212 256 305 305 415 477
15.50 38 67 105 152 206 269 341 421 509 606 606 825 947
23.30 57 101 158 228 310 405 513 633 766 911 911 1,240 1,424
31.00 76 135 210 303 412 539 682 842 1,019 1,212 1,212 1,650 1,894
38.80 95 169 263 379 516 674 853 1,054 1,275 1,517 1,517 2,065 2,371
46.50 114 202 316 455 619 808 1,023 1,263 1,528 1,818 1,818 2,475 2,841
54.30 133 236 369 531 723 944 1,194 1,475 1,784 2,123 2,123 2,890 3,318
62.00 152 269 421 606 825 1,078 1,364 1,684 2,037 2,424 2,424 3,300 3,788
69.80 171 303 474 682 929 1,213 1,535 1,895 2,294 2,729 2,729 3,715 4,265
77.50 189 337 526 758 1,031 1,347 1,705 2,105 2,547 3,031 3,031 4,125 4,735
85.30 208 371 579 834 1,135 1,482 1,876 2,316 2,803 3,336 3,336 4,540 5,212
93.00 227 404 631 909 1,237 1,616 2,046 2,525 3,056 3,637 3,637 4,950 5,682
100.80 246 438 684 985 1,341 1,752 2,217 2,737 3,312 3,942 3,942 5,365 6,159
108.50 265 471 737 1,061 1,444 1,886 2,387 2,946 3,565 4,243 4,243 5,775 6,629
116.30 284 505 790 1,137 1,548 2,021 2,558 3,158 3,821 4,548 4,548 6,190 7,106
124.00 303 539 842 1,212 1,650 2,155 2,728 3,367 4,074 4,849 4,849 6,600 7,576
131.80 322 573 895 1,288 1,754 2,291 2,899 3,579 4,331 5,154 5,154 7,015 8,053
139.60 341 607 948 1,365 1,858 2,426 3,071 3,791 4,587 5,459 5,459 7,430 8,530
147.30 360 640 1,000 1,440 1,960 2,560 3,240 4,000 4,840 5,760 5,760 7,840 9,000
155.10 379 674 1,053 1,516 2,064 2,696 3,412 4,212 5,096 6,065 6,065 8,255 9,477
162.80 398 707 1,105 1,592 2,166 2,829 3,581 4,421 5,349 6,366 6,366 8,665 9,947
170.60 417 741 1,158 1,668 2,270 2,965 3,753 4,633 5,606 6,671 6,671 9,080 10,424
178.30 436 775 1,210 1,743 2,372 3,099 3,922 4,842 5,859 6,972 6,972 9,490 10,894
186.10 455 809 1,263 1,819 2,476 3,234 4,093 5,054 6,115 7,277 7,277 9,905 11,371
193.80 474 842 1,316 1,895 2,579 3,368 4,263 5,263 6,368 7,578 7,578 10,315 11,841
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
209.30 512 909 1,421 2,046 2,785 3,638 4,604 5,684 6,877 8,184 8,184 11,140 12,788
217.10 531 943 1,474 2,122 2,889 3,773 4,775 5,895 7,134 8,489 8,489 11,555 13,265
224.80 549 977 1,526 2,198 2,991 3,907 4,945 6,105 7,387 8,791 8,791 11,965 13,735
232.60 568 1,011 1,579 2,274 3,095 4,042 5,116 6,316 7,643 9,096 9,096 12,380 14,212
240.30 587 1,044 1,631 2,349 3,197 4,176 5,286 6,525 7,896 9,397 9,397 12,790 14,682
248.10 606 1,078 1,684 2,425 3,301 4,312 5,457 6,737 8,152 9,702 9,702 13,205 15,159
255.80 625 1,111 1,737 2,501 3,404 4,446 5,627 6,946 8,405 10,003 10,003 13,615 15,629
263.60 644 1,145 1,790 2,577 3,508 4,581 5,798 7,158 8,661 10,308 10,308 14,030 16,106
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