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Payment rates of Pension Bonus

Your Pension Bonus is a lump-sum, non-taxable payment.

These payment rates are effective from 1 July 2009.

Years in the scheme Single—maximum rate Partnered (each)—maximum rate
1 year $1,392.60 $1,163.10
2 years $5,570.40 $4,652.40
3 years $12,533.30 $10,467.90
4 years $22,281.50 $18,609.60
5 years $34,814.80 $29,077.50

To get a Pension Bonus you must be in the Pension Bonus Scheme for at least 1 year. You can only be paid for 5 years in the scheme. You cannot include any work you do after you turn 75 years.

The bonus amount you get depends on:

  • the amount of basic Age Pension you are entitled to, and
  • the length of time you have been in the Pension Bonus Scheme, and
  • whether or not you have a partner.

Note: If you are not entitled to any Age Pension, you cannot be paid a bonus.


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