Pension Bonus Scheme

If you’ve delayed claiming Age Pension, stayed in paid work and are registered in the Pension Bonus Scheme, you may get a tax free lump sum payment.

Eligibility basics

  • You must have registered for the scheme before 1 July 2014
  • You haven’t got an income support payment, other than Carer Payment or Carer Service Pension, since qualifying for Age Pension, and
  • You must pass work test rules for at least 12 months from the date your membership started

You can’t register for the Pension Bonus Scheme anymore. If you’re registered for the scheme, you may get a Commonwealth Seniors Health Card.

Page last updated: 22 June 2017