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 January 2022 to 19 March 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
26.70 65 116 181 261 355 464 587 725 877 1,044 1,044 1,421 1,631
53.30 130 232 362 521 709 926 1,172 1,447 1,751 2,084 2,084 2,837 3,257
80.00 196 348 543 782 1,064 1,390 1,760 2,172 2,629 3,128 3,128 4,258 4,888
106.70 261 464 724 1,043 1,420 1,854 2,347 2,897 3,506 4,172 4,172 5,679 6,519
133.40 326 580 906 1,304 1,775 2,318 2,934 3,623 4,383 5,216 5,216 7,100 8,151
160.00 391 695 1,086 1,564 2,129 2,781 3,519 4,345 5,257 6,257 6,257 8,516 9,776
186.70 456 811 1,267 1,825 2,484 3,245 4,107 5,070 6,135 7,301 7,301 9,937 11,407
213.40 522 927 1,449 2,086 2,840 3,709 4,694 5,795 7,012 8,345 8,345 11,358 13,039
240.10 587 1,043 1,630 2,347 3,195 4,173 5,281 6,520 7,889 9,389 9,389 12,779 14,670
266.70 652 1,159 1,811 2,607 3,549 4,635 5,866 7,242 8,763 10,429 10,429 14,195 16,295
293.40 717 1,275 1,992 2,868 3,904 5,099 6,454 7,967 9,641 11,473 11,473 15,616 17,927
320.10 782 1,391 2,173 3,129 4,259 5,563 7,041 8,692 10,518 12,517 12,517 17,037 19,558
346.80 848 1,507 2,354 3,390 4,615 6,027 7,628 9,418 11,395 13,561 13,561 18,458 21,189
373.40 913 1,622 2,535 3,650 4,969 6,490 8,213 10,140 12,269 14,601 14,601 19,874 22,815
400.10 978 1,738 2,716 3,911 5,324 6,954 8,801 10,865 13,147 15,646 15,646 21,295 24,446
426.80 1,043 1,854 2,897 4,172 5,679 7,418 9,388 11,590 14,024 16,690 16,690 22,716 26,077
453.50 1,108 1,970 3,079 4,433 6,034 7,882 9,975 12,315 14,901 17,734 17,734 24,137 27,709
480.10 1,173 2,086 3,259 4,693 6,388 8,344 10,560 13,037 15,775 18,774 18,774 25,553 29,334
506.80 1,239 2,202 3,441 4,954 6,744 8,808 11,148 13,762 16,653 19,818 19,818 26,974 30,965
533.50 1,304 2,318 3,622 5,215 7,099 9,272 11,735 14,487 17,530 20,862 20,862 28,395 32,597
560.10 1,369 2,434 3,802 5,476 7,453 9,734 12,320 15,210 18,404 21,902 21,902 29,811 34,222
586.80 1,434 2,550 3,984 5,737 7,808 10,198 12,907 15,935 19,281 22,946 22,946 31,232 35,853
613.50 1,499 2,666 4,165 5,998 8,163 10,662 13,495 16,660 20,159 23,990 23,990 32,653 37,485
640.20 1,565 2,782 4,346 6,259 8,519 11,126 14,082 17,385 21,036 25,034 25,034 34,075 39,116
666.80 1,630 2,897 4,527 6,519 8,873 11,589 14,667 18,107 21,910 26,075 26,075 35,490 40,741
693.50 1,695 3,013 4,708 6,780 9,228 12,053 15,254 18,832 22,787 27,119 27,119 36,911 42,373
720.20 1,760 3,129 4,889 7,041 9,583 12,517 15,842 19,557 23,664 28,163 28,163 38,333 44,004
746.90 1,825 3,245 5,071 7,302 9,938 12,981 16,429 20,282 24,542 29,207 29,207 39,754 45,636
773.50 1,890 3,361 5,251 7,562 10,292 13,443 17,014 21,005 25,416 30,247 30,247 41,169 47,261
800.20 1,956 3,477 5,432 7,823 10,648 13,907 17,601 21,730 26,293 31,291 31,291 42,591 48,892
826.90 2,021 3,593 5,614 8,084 11,003 14,371 18,188 22,455 27,170 32,335 32,335 44,012 50,524
853.60 2,086 3,709 5,795 8,345 11,358 14,835 18,776 23,180 28,048 33,379 33,379 45,433 52,155
880.20 2,151 3,824 5,976 8,605 11,712 15,297 19,361 23,902 28,922 34,419 34,419 46,849 53,780
906.90 2,216 3,940 6,157 8,866 12,067 15,762 19,948 24,627 29,799 35,463 35,463 48,270 55,412
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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
20.20 49 88 137 197 269 351 444 549 664 790 790 1,075 1,234
40.30 98 175 274 394 536 700 886 1,094 1,324 1,576 1,576 2,145 2,462
60.50 148 263 411 591 805 1,051 1,331 1,643 1,988 2,366 2,366 3,220 3,697
80.60 197 350 547 788 1,072 1,401 1,773 2,189 2,648 3,152 3,152 4,290 4,925
100.80 246 438 684 985 1,341 1,752 2,217 2,737 3,312 3,942 3,942 5,365 6,159
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
141.10 345 613 958 1,379 1,878 2,452 3,104 3,832 4,636 5,518 5,518 7,510 8,621
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
181.40 443 788 1,232 1,773 2,414 3,153 3,990 4,926 5,960 7,093 7,093 9,655 11,084
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
221.70 542 963 1,505 2,167 2,950 3,853 4,877 6,020 7,285 8,669 8,669 11,800 13,546
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
262.10 641 1,139 1,779 2,562 3,488 4,555 5,765 7,117 8,612 10,249 10,249 13,950 16,014
282.20 690 1,226 1,916 2,759 3,755 4,905 6,207 7,663 9,273 11,035 11,035 15,020 17,242
302.40 739 1,314 2,053 2,956 4,024 5,256 6,652 8,212 9,936 11,825 11,825 16,095 18,477
322.50 788 1,401 2,189 3,153 4,291 5,605 7,094 8,758 10,597 12,611 12,611 17,165 19,705
342.70 838 1,489 2,327 3,350 4,560 5,956 7,538 9,306 11,261 13,401 13,401 18,240 20,939
362.90 887 1,577 2,464 3,548 4,829 6,307 7,982 9,855 11,924 14,191 14,191 19,315 22,173
383.00 936 1,664 2,600 3,744 5,096 6,656 8,424 10,401 12,585 14,977 14,977 20,385 23,401
403.20 985 1,752 2,737 3,942 5,365 7,007 8,869 10,949 13,248 15,767 15,767 21,460 24,636
423.30 1,035 1,839 2,874 4,138 5,633 7,357 9,311 11,495 13,909 16,553 16,553 22,530 25,864
443.50 1,084 1,927 3,011 4,336 5,901 7,708 9,755 12,043 14,573 17,343 17,343 23,605 27,098
463.70 1,133 2,015 3,148 4,533 6,170 8,059 10,200 12,592 15,236 18,133 18,133 24,680 28,332
483.80 1,182 2,102 3,284 4,730 6,438 8,408 10,642 13,138 15,897 18,919 18,919 25,750 29,560
504.00 1,232 2,190 3,422 4,927 6,706 8,759 11,086 13,686 16,561 19,708 19,708 26,825 30,794
524.10 1,281 2,277 3,558 5,124 6,974 9,109 11,528 14,232 17,221 20,494 20,494 27,895 32,023
544.30 1,330 2,365 3,695 5,321 7,243 9,460 11,972 14,781 17,885 21,284 21,284 28,970 33,257
564.40 1,379 2,452 3,832 5,518 7,510 9,809 12,415 15,327 18,545 22,070 22,070 30,040 34,485
584.60 1,429 2,540 3,969 5,715 7,779 10,160 12,859 15,875 19,209 22,860 22,860 31,115 35,719
604.80 1,478 2,628 4,106 5,913 8,048 10,511 13,303 16,424 19,873 23,650 23,650 32,190 36,953
624.90 1,527 2,715 4,242 6,109 8,315 10,860 13,745 16,970 20,533 24,436 24,436 33,260 38,181
645.10 1,577 2,803 4,380 6,306 8,584 11,212 14,190 17,518 21,197 25,226 25,226 34,335 39,416
665.20 1,626 2,890 4,516 6,503 8,851 11,561 14,632 18,064 21,857 26,012 26,012 35,405 40,644
685.40 1,675 2,978 4,653 6,700 9,120 11,912 15,076 18,612 22,521 26,802 26,802 36,480 41,878
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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
7.20 18 31 49 70 96 125 158 196 237 282 282 383 440
14.40 35 63 98 141 192 250 317 391 473 563 563 766 880
21.60 53 94 147 211 287 375 475 587 710 845 845 1,150 1,320
28.80 70 125 196 282 383 501 633 782 946 1,126 1,126 1,533 1,760
36.00 88 156 244 352 479 626 792 978 1,183 1,408 1,408 1,916 2,200
43.20 106 188 293 422 575 751 950 1,173 1,419 1,689 1,689 2,299 2,640
50.40 123 219 342 493 671 876 1,109 1,369 1,656 1,971 1,971 2,683 3,079
57.60 141 250 391 563 766 1,001 1,267 1,564 1,893 2,252 2,252 3,066 3,519
64.80 158 282 440 633 862 1,126 1,425 1,760 2,129 2,534 2,534 3,449 3,959
72.00 176 313 489 704 958 1,251 1,584 1,955 2,366 2,815 2,815 3,832 4,399
79.20 194 344 538 774 1,054 1,376 1,742 2,151 2,602 3,097 3,097 4,215 4,839
86.40 211 375 587 845 1,150 1,502 1,900 2,346 2,839 3,379 3,379 4,599 5,279
93.60 229 407 635 915 1,245 1,627 2,059 2,542 3,076 3,660 3,660 4,982 5,719
100.80 246 438 684 985 1,341 1,752 2,217 2,737 3,312 3,942 3,942 5,365 6,159
108.00 264 469 733 1,056 1,437 1,877 2,376 2,933 3,549 4,223 4,223 5,748 6,599
115.20 282 501 782 1,126 1,533 2,002 2,534 3,128 3,785 4,505 4,505 6,132 7,039
122.50 299 532 832 1,198 1,630 2,129 2,695 3,327 4,025 4,790 4,790 6,520 7,485
129.70 317 564 881 1,268 1,726 2,254 2,853 3,522 4,262 5,072 5,072 6,903 7,925
136.90 335 595 929 1,338 1,822 2,379 3,011 3,718 4,498 5,353 5,353 7,286 8,365
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
151.30 370 657 1,027 1,479 2,013 2,630 3,328 4,109 4,971 5,916 5,916 8,053 9,244
158.50 387 689 1,076 1,549 2,109 2,755 3,486 4,304 5,208 6,198 6,198 8,436 9,684
165.70 405 720 1,125 1,620 2,205 2,880 3,645 4,500 5,445 6,480 6,480 8,819 10,124
172.90 423 751 1,174 1,690 2,301 3,005 3,803 4,695 5,681 6,761 6,761 9,203 10,564
180.10 440 783 1,223 1,761 2,396 3,130 3,961 4,891 5,918 7,043 7,043 9,586 11,004
187.30 458 814 1,272 1,831 2,492 3,255 4,120 5,086 6,154 7,324 7,324 9,969 11,444
194.50 475 845 1,320 1,901 2,588 3,380 4,278 5,282 6,391 7,606 7,606 10,352 11,884
201.70 493 876 1,369 1,972 2,684 3,505 4,437 5,477 6,628 7,887 7,887 10,735 12,324
208.90 511 908 1,418 2,042 2,780 3,631 4,595 5,673 6,864 8,169 8,169 11,119 12,764
216.10 528 939 1,467 2,113 2,875 3,756 4,753 5,868 7,101 8,450 8,450 11,502 13,204
223.30 546 970 1,516 2,183 2,971 3,881 4,912 6,064 7,337 8,732 8,732 11,885 13,644
230.50 563 1,001 1,565 2,253 3,067 4,006 5,070 6,259 7,574 9,013 9,013 12,268 14,084
237.70 581 1,033 1,614 2,324 3,163 4,131 5,228 6,455 7,810 9,295 9,295 12,652 14,523
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
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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
7.60 19 33 52 74 101 132 167 206 250 297 297 405 464
15.20 37 66 103 149 202 264 334 413 499 594 594 809 929
22.80 56 99 155 223 303 396 502 619 749 892 892 1,214 1,393
30.40 74 132 206 297 405 528 669 826 999 1,189 1,189 1,618 1,857
38.00 93 165 258 371 506 660 836 1,032 1,249 1,486 1,486 2,023 2,322
45.50 111 198 309 445 605 791 1,001 1,236 1,495 1,779 1,779 2,422 2,780
53.10 130 231 360 519 707 923 1,168 1,442 1,745 2,076 2,076 2,826 3,244
60.70 148 264 412 593 808 1,055 1,335 1,648 1,994 2,374 2,374 3,231 3,709
68.30 167 297 464 668 909 1,187 1,502 1,855 2,244 2,671 2,671 3,635 4,173
75.90 185 330 515 742 1,010 1,319 1,669 2,061 2,494 2,968 2,968 4,040 4,637
83.50 204 363 567 816 1,111 1,451 1,837 2,267 2,744 3,265 3,265 4,444 5,102
91.10 223 396 618 891 1,212 1,583 2,004 2,474 2,993 3,562 3,562 4,849 5,566
98.70 241 429 670 965 1,313 1,715 2,171 2,680 3,243 3,860 3,860 5,253 6,031
106.30 260 462 722 1,039 1,414 1,847 2,338 2,887 3,493 4,157 4,157 5,658 6,495
113.90 278 495 773 1,113 1,516 1,980 2,505 3,093 3,743 4,454 4,454 6,062 6,959
121.50 297 528 825 1,188 1,617 2,112 2,673 3,299 3,992 4,751 4,751 6,467 7,424
129.10 316 561 876 1,262 1,718 2,244 2,840 3,506 4,242 5,048 5,048 6,871 7,888
136.60 334 594 927 1,335 1,818 2,374 3,005 3,709 4,488 5,342 5,342 7,271 8,346
144.20 352 627 979 1,410 1,919 2,506 3,172 3,916 4,738 5,639 5,639 7,675 8,811
151.80 371 660 1,031 1,484 2,020 2,638 3,339 4,122 4,988 5,936 5,936 8,080 9,275
159.40 390 693 1,082 1,558 2,121 2,770 3,506 4,329 5,238 6,233 6,233 8,484 9,739
167.00 408 726 1,134 1,633 2,222 2,902 3,673 4,535 5,487 6,530 6,530 8,889 10,204
174.60 427 759 1,185 1,707 2,323 3,034 3,841 4,741 5,737 6,828 6,828 9,293 10,668
182.20 445 792 1,237 1,781 2,424 3,167 4,008 4,948 5,987 7,125 7,125 9,698 11,132
189.80 464 825 1,289 1,855 2,526 3,299 4,175 5,154 6,236 7,422 7,422 10,102 11,597
197.40 482 858 1,340 1,930 2,627 3,431 4,342 5,361 6,486 7,719 7,719 10,507 12,061
205.00 501 891 1,392 2,004 2,728 3,563 4,509 5,567 6,736 8,016 8,016 10,911 12,526
212.60 520 924 1,443 2,078 2,829 3,695 4,676 5,773 6,986 8,314 8,314 11,316 12,990
220.10 538 956 1,494 2,152 2,929 3,825 4,841 5,977 7,232 8,607 8,607 11,715 13,448
227.70 556 989 1,546 2,226 3,030 3,957 5,008 6,183 7,482 8,904 8,904 12,119 13,912
235.30 575 1,022 1,597 2,300 3,131 4,089 5,176 6,390 7,732 9,201 9,201 12,524 14,377
242.90 594 1,055 1,649 2,375 3,232 4,221 5,343 6,596 7,981 9,498 9,498 12,928 14,841
250.50 612 1,088 1,701 2,449 3,333 4,354 5,510 6,802 8,231 9,796 9,796 13,333 15,306
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
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