Eligibility for the Pension Bonus Scheme
The scheme is closed to new registrations. You can only claim the Pension Bonus if you registered in the scheme before 1 July 2014 and have not received an income support payment excluding Carer Payment since first qualifying for Age Pension.
The scheme is voluntary and allows registered members to keep on working and accrue periods of work that count toward a lump sum bonus when they stop working and claim Age Pension.
Income support payments include:
- Age Pension
- Disability Support Pension
- Farm Household Allowance
- Special Benefit
- Bereavement Allowance
- Widow Allowance
- Veterans’ Affairs service pensions, other than a carer service
- Veterans' Affairs income support supplement
Only one bonus is ever payable. You must claim your Pension Bonus at the same time you claim Age Pension. If you cannot get Age Pension, you cannot get a bonus.
Use our Payment Finder to explore other payments you may be eligible for based on your situation.