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
  • the person meeting all the requirements of the scheme.

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 2024 to 30 June 2024.

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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 a 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 $67.40 from the figure in the ready reckoner
  • Service Pensioner Couples should subtract $48.80 from the figure in the ready reckoner
  • Single ISS recipients should subtract $53.30 from the figure in the ready reckoner
  • Partnered ISS recipients should subtract $38.20 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:
    • 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 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 $67.40 is $277.70 and your estimated deferral period is 20 months. Using the “Single Rate” table under the Service Pension, you would then select $277.70 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 $1,885.27.

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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 $67.40 (single) or $48.80 (partnered)
  • all ISS amounts are fortnightly payments and are after deduction of $53.30 (single) or $38.20 (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
  • 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 us 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
30.90 76 134 210 302 411 537 680 839 1,015 1,208 1,208 1,645 1,888
61.70 151 268 419 603 821 1,072 1,357 1,675 2,027 2,413 2,413 3,284 3,770
92.60 226 402 629 905 1,232 1,609 2,037 2,515 3,043 3,621 3,621 4,929 5,658
123.40 302 536 838 1,206 1,642 2,145 2,714 3,351 4,055 4,825 4,825 6,568 7,540
154.30 377 670 1,048 1,508 2,053 2,682 3,394 4,190 5,070 6,034 6,034 8,213 9,428
185.10 452 804 1,257 1,810 2,463 3,217 4,071 5,026 6,082 7,238 7,238 9,852 11,310
216.00 528 938 1,466 2,112 2,874 3,754 4,751 5,866 7,097 8,446 8,446 11,497 13,198
246.80 603 1,072 1,675 2,413 3,284 4,289 5,429 6,702 8,109 9,651 9,651 13,136 15,079
277.70 679 1,207 1,885 2,715 3,695 4,826 6,108 7,541 9,125 10,859 10,859 14,781 16,967
308.50 754 1,340 2,094 3,016 4,105 5,362 6,786 8,377 10,137 12,064 12,064 16,420 18,849
339.40 829 1,475 2,304 3,318 4,516 5,899 7,465 9,217 11,152 13,272 13,272 18,065 20,737
370.20 905 1,608 2,513 3,619 4,926 6,434 8,143 10,053 12,164 14,476 14,476 19,704 22,619
401.10 980 1,743 2,723 3,921 5,337 6,971 8,823 10,892 13,179 15,685 15,685 21,349 24,507
431.90 1,056 1,877 2,932 4,222 5,747 7,506 9,500 11,728 14,191 16,889 16,889 22,988 26,389
462.80 1,131 2,011 3,142 4,524 6,158 8,043 10,180 12,568 15,207 18,097 18,097 24,632 28,277
493.60 1,206 2,145 3,351 4,825 6,568 8,579 10,857 13,404 16,219 19,302 19,302 26,272 30,159
524.50 1,282 2,279 3,561 5,128 6,979 9,116 11,537 14,243 17,234 20,510 20,510 27,916 32,047
555.30 1,357 2,413 3,770 5,429 7,389 9,651 12,214 15,079 18,246 21,714 21,714 29,556 33,929
586.20 1,433 2,547 3,980 5,731 7,800 10,188 12,894 15,919 19,261 22,923 22,923 31,200 35,817
617.00 1,508 2,681 4,189 6,032 8,210 10,723 13,572 16,755 20,274 24,127 24,127 32,840 37,699
647.90 1,583 2,815 4,399 6,334 8,621 11,260 14,251 17,594 21,289 25,335 25,335 34,484 39,587
678.70 1,659 2,949 4,608 6,635 9,031 11,796 14,929 18,430 22,301 26,540 26,540 36,124 41,469
709.60 1,734 3,083 4,817 6,937 9,442 12,333 15,608 19,270 23,316 27,748 27,748 37,768 43,357
740.40 1,810 3,217 5,026 7,238 9,852 12,868 16,286 20,106 24,328 28,953 28,953 39,408 45,238
771.30 1,885 3,351 5,236 7,540 10,263 13,405 16,966 20,945 25,344 30,161 30,161 41,052 47,126
802.10 1,960 3,485 5,445 7,841 10,673 13,940 17,643 21,781 26,356 31,365 31,365 42,692 49,008
833.00 2,036 3,619 5,655 8,143 11,084 14,477 18,323 22,621 27,371 32,574 32,574 44,336 50,896
863.80 2,111 3,753 5,864 8,445 11,494 15,012 19,000 23,457 28,383 33,778 33,778 45,976 52,778
894.70 2,187 3,887 6,074 8,747 11,905 15,549 19,680 24,296 29,398 34,986 34,986 47,620 54,666
925.50 2,262 4,021 6,283 9,048 12,315 16,085 20,357 25,132 30,410 36,191 36,191 49,260 56,548
956.40 2,337 4,155 6,493 9,350 12,726 16,622 21,037 25,972 31,426 37,399 37,399 50,904 58,436
987.20 2,413 4,289 6,702 9,651 13,136 17,157 21,714 26,808 32,438 38,603 38,603 52,544 60,318
1018.10 2,488 4,424 6,912 9,953 13,547 17,694 22,394 27,647 33,453 39,812 39,812 54,188 62,206
1048.90 2,564 4,557 7,121 10,254 13,957 18,229 23,072 28,483 34,465 41,016 41,016 55,828 64,088
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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
23.30 57 101 158 228 310 405 513 633 766 911 911 1,240 1,424
46.60 114 202 316 456 620 810 1,025 1,265 1,531 1,822 1,822 2,480 2,847
69.90 171 304 475 683 930 1,215 1,538 1,898 2,297 2,733 2,733 3,720 4,271
93.20 228 405 633 911 1,240 1,620 2,050 2,531 3,062 3,644 3,644 4,961 5,695
116.60 285 507 792 1,140 1,552 2,026 2,565 3,166 3,831 4,560 4,560 6,206 7,124
139.90 342 608 950 1,368 1,862 2,431 3,077 3,799 4,597 5,471 5,471 7,446 8,548
163.20 399 709 1,108 1,595 2,172 2,836 3,590 4,432 5,362 6,382 6,382 8,686 9,972
186.50 456 810 1,266 1,823 2,482 3,241 4,102 5,065 6,128 7,293 7,293 9,926 11,395
209.80 513 912 1,424 2,051 2,792 3,646 4,615 5,697 6,894 8,204 8,204 11,167 12,819
233.10 570 1,013 1,582 2,279 3,102 4,051 5,127 6,330 7,659 9,115 9,115 12,407 14,242
256.40 627 1,114 1,741 2,507 3,412 4,456 5,640 6,963 8,425 10,026 10,026 13,647 15,666
279.70 684 1,215 1,899 2,734 3,722 4,861 6,152 7,595 9,190 10,937 10,937 14,887 17,090
303.10 741 1,317 2,058 2,963 4,033 5,268 6,667 8,231 9,959 11,852 11,852 16,132 18,519
326.40 798 1,418 2,216 3,191 4,343 5,673 7,179 8,864 10,725 12,764 12,764 17,373 19,943
349.70 855 1,519 2,374 3,419 4,653 6,078 7,692 9,496 11,491 13,675 13,675 18,613 21,367
373.00 912 1,621 2,532 3,646 4,963 6,483 8,205 10,129 12,256 14,586 14,586 19,853 22,790
396.30 969 1,722 2,690 3,874 5,273 6,888 8,717 10,762 13,022 15,497 15,497 21,093 24,214
419.60 1,026 1,823 2,849 4,102 5,583 7,292 9,230 11,394 13,787 16,408 16,408 22,333 25,638
442.90 1,082 1,924 3,007 4,330 5,893 7,697 9,742 12,027 14,553 17,319 17,319 23,573 27,061
466.20 1,139 2,026 3,165 4,558 6,203 8,102 10,255 12,660 15,319 18,230 18,230 24,813 28,485
489.50 1,196 2,127 3,323 4,785 6,513 8,507 10,767 13,293 16,084 19,141 19,141 26,054 29,908
512.90 1,254 2,228 3,482 5,014 6,825 8,914 11,282 13,928 16,853 20,056 20,056 27,299 31,338
536.20 1,310 2,330 3,640 5,242 7,135 9,319 11,794 14,561 17,619 20,968 20,968 28,539 32,762
559.50 1,367 2,431 3,798 5,470 7,445 9,724 12,307 15,194 18,384 21,879 21,879 29,779 34,185
582.80 1,424 2,532 3,957 5,697 7,755 10,129 12,819 15,826 19,150 22,790 22,790 31,019 35,609
606.10 1,481 2,633 4,115 5,925 8,065 10,534 13,332 16,459 19,915 23,701 23,701 32,260 37,033
629.40 1,538 2,735 4,273 6,153 8,375 10,939 13,844 17,092 20,681 24,612 24,612 33,500 38,456
652.70 1,595 2,836 4,431 6,381 8,685 11,344 14,357 17,724 21,447 25,523 25,523 34,740 39,880
676.00 1,652 2,937 4,589 6,609 8,995 11,749 14,869 18,357 22,212 26,434 26,434 35,980 41,304
699.40 1,709 3,039 4,748 6,837 9,306 12,155 15,384 18,993 22,981 27,349 27,349 37,225 42,733
722.70 1,766 3,140 4,906 7,065 9,616 12,560 15,897 19,625 23,747 28,260 28,260 38,466 44,157
746.00 1,823 3,241 5,065 7,293 9,926 12,965 16,409 20,258 24,512 29,172 29,172 39,706 45,581
769.30 1,880 3,343 5,223 7,521 10,236 13,370 16,922 20,891 25,278 30,083 30,083 40,946 47,004
792.60 1,937 3,444 5,381 7,748 10,547 13,775 17,434 21,523 26,043 30,994 30,994 42,186 48,428
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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
8.40 21 36 57 82 112 146 185 228 276 328 328 447 513
16.70 41 73 113 163 222 290 367 453 549 653 653 889 1,020
25.10 61 109 170 245 334 436 552 682 825 982 982 1,336 1,534
33.40 82 145 227 327 444 580 735 907 1,097 1,306 1,306 1,778 2,041
41.80 102 182 284 409 556 726 919 1,135 1,373 1,635 1,635 2,225 2,554
50.10 122 218 340 490 667 871 1,102 1,360 1,646 1,959 1,959 2,667 3,061
58.50 143 254 397 572 778 1,017 1,287 1,589 1,922 2,288 2,288 3,114 3,574
66.80 163 290 453 653 889 1,161 1,469 1,814 2,195 2,612 2,612 3,555 4,081
75.20 184 327 511 735 1,001 1,307 1,654 2,042 2,471 2,941 2,941 4,003 4,595
83.60 204 363 568 817 1,112 1,453 1,839 2,270 2,747 3,269 3,269 4,450 5,108
91.90 225 399 624 898 1,223 1,597 2,021 2,496 3,020 3,594 3,594 4,891 5,615
100.30 245 436 681 981 1,335 1,743 2,206 2,724 3,296 3,922 3,922 5,338 6,128
108.60 265 472 737 1,062 1,445 1,887 2,389 2,949 3,568 4,247 4,247 5,780 6,635
117.00 286 508 794 1,144 1,557 2,033 2,574 3,177 3,844 4,575 4,575 6,227 7,149
125.30 306 544 851 1,225 1,667 2,178 2,756 3,403 4,117 4,900 4,900 6,669 7,656
133.70 327 581 908 1,307 1,779 2,324 2,941 3,631 4,393 5,228 5,228 7,116 8,169
142.10 347 617 965 1,389 1,891 2,470 3,126 3,859 4,669 5,557 5,557 7,563 8,682
150.40 368 653 1,021 1,470 2,001 2,614 3,308 4,084 4,942 5,881 5,881 8,005 9,189
158.80 388 690 1,078 1,552 2,113 2,760 3,493 4,312 5,218 6,210 6,210 8,452 9,703
167.10 408 726 1,134 1,634 2,223 2,904 3,676 4,538 5,491 6,534 6,534 8,894 10,210
175.50 429 763 1,191 1,716 2,335 3,050 3,860 4,766 5,767 6,863 6,863 9,341 10,723
183.80 449 799 1,248 1,797 2,446 3,194 4,043 4,991 6,039 7,187 7,187 9,783 11,230
192.20 470 835 1,305 1,879 2,557 3,340 4,228 5,219 6,315 7,516 7,516 10,230 11,743
200.50 490 871 1,361 1,960 2,668 3,485 4,410 5,445 6,588 7,840 7,840 10,672 12,251
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
217.30 531 944 1,475 2,124 2,891 3,777 4,780 5,901 7,140 8,497 8,497 11,566 13,277
225.60 551 980 1,532 2,205 3,002 3,921 4,962 6,126 7,413 8,822 8,822 12,008 13,784
234.00 572 1,017 1,589 2,288 3,114 4,067 5,147 6,354 7,689 9,150 9,150 12,455 14,297
242.30 592 1,053 1,645 2,369 3,224 4,211 5,330 6,580 7,962 9,475 9,475 12,896 14,805
250.70 613 1,089 1,702 2,451 3,336 4,357 5,514 6,808 8,238 9,803 9,803 13,343 15,318
259.00 633 1,125 1,758 2,532 3,446 4,501 5,697 7,033 8,510 10,128 10,128 13,785 15,825
267.40 654 1,162 1,815 2,614 3,558 4,647 5,882 7,261 8,786 10,456 10,456 14,232 16,338
275.70 674 1,198 1,872 2,695 3,669 4,792 6,064 7,487 9,059 10,781 10,781 14,674 16,845
284.10 694 1,234 1,929 2,777 3,780 4,938 6,249 7,715 9,335 11,109 11,109 15,121 17,359
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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
8.80 22 38 60 86 117 153 194 239 289 344 344 468 538
17.60 43 76 119 172 234 306 387 478 578 688 688 937 1,075
26.40 65 115 179 258 351 459 581 717 867 1,032 1,032 1,405 1,613
35.20 86 153 239 344 468 612 774 956 1,157 1,376 1,376 1,874 2,151
44.00 108 191 299 430 585 765 968 1,195 1,446 1,721 1,721 2,342 2,688
52.80 129 229 358 516 703 918 1,161 1,434 1,735 2,065 2,065 2,810 3,226
61.60 151 268 418 602 820 1,071 1,355 1,673 2,024 2,409 2,409 3,279 3,764
70.40 172 306 478 688 937 1,224 1,549 1,912 2,313 2,753 2,753 3,747 4,301
79.20 194 344 538 774 1,054 1,376 1,742 2,151 2,602 3,097 3,097 4,215 4,839
88.00 215 382 597 860 1,171 1,529 1,936 2,390 2,892 3,441 3,441 4,684 5,377
96.80 237 421 657 946 1,288 1,682 2,129 2,629 3,181 3,785 3,785 5,152 5,914
105.60 258 459 717 1,032 1,405 1,835 2,323 2,868 3,470 4,129 4,129 5,621 6,452
114.40 280 497 777 1,118 1,522 1,988 2,516 3,107 3,759 4,473 4,473 6,089 6,990
123.20 301 535 836 1,204 1,639 2,141 2,710 3,346 4,048 4,818 4,818 6,557 7,528
132.00 323 574 896 1,290 1,756 2,294 2,903 3,585 4,337 5,162 5,162 7,026 8,065
140.80 344 612 956 1,376 1,874 2,447 3,097 3,824 4,626 5,506 5,506 7,494 8,603
149.60 366 650 1,016 1,462 1,991 2,600 3,291 4,062 4,916 5,850 5,850 7,962 9,141
158.40 387 688 1,075 1,549 2,108 2,753 3,484 4,301 5,205 6,194 6,194 8,431 9,678
167.20 409 726 1,135 1,635 2,225 2,906 3,678 4,540 5,494 6,538 6,538 8,899 10,216
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
184.80 452 803 1,255 1,807 2,459 3,212 4,065 5,018 6,072 7,226 7,226 9,836 11,291
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
202.40 495 879 1,374 1,979 2,693 3,518 4,452 5,496 6,651 7,915 7,915 10,773 12,367
211.20 516 918 1,434 2,065 2,810 3,671 4,646 5,735 6,940 8,259 8,259 11,241 12,904
220.00 538 956 1,494 2,151 2,927 3,824 4,839 5,974 7,229 8,603 8,603 11,709 13,442
228.80 559 994 1,553 2,237 3,044 3,976 5,033 6,213 7,518 8,947 8,947 12,178 13,980
237.60 581 1,032 1,613 2,323 3,162 4,129 5,226 6,452 7,807 9,291 9,291 12,646 14,517
246.40 602 1,071 1,673 2,409 3,279 4,282 5,420 6,691 8,096 9,635 9,635 13,115 15,055
255.20 624 1,109 1,733 2,495 3,396 4,435 5,613 6,930 8,385 9,979 9,979 13,583 15,593
264.00 645 1,147 1,792 2,581 3,513 4,588 5,807 7,169 8,675 10,323 10,323 14,051 16,130
272.80 667 1,185 1,852 2,667 3,630 4,741 6,001 7,408 8,964 10,668 10,668 14,520 16,668
281.60 688 1,224 1,912 2,753 3,747 4,894 6,194 7,647 9,253 11,012 11,012 14,988 17,206
290.40 710 1,262 1,971 2,839 3,864 5,047 6,388 7,886 9,542 11,356 11,356 15,457 17,743
299.20 731 1,300 2,031 2,925 3,981 5,200 6,581 8,125 9,831 11,700 11,700 15,925 18,281
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