Pension Bonus Scheme

A tax free lump sum payment for registered members of the Pension Bonus Scheme who have deferred claiming Age Pension and stayed in paid work.

Eligibility basics

  • you must have registered for the scheme before 1 July 2014
  • you must not have received Age Pension or any other income support payment other than Carer Payment since qualifying for Age Pension, and
  • you must meet the work test rules for at least 12 months from the date your membership started
The Pension Bonus Scheme is closed to new registrations.

If you are already registered for the scheme, you may be eligible to claim a Commonwealth Seniors Health Card.

Page last updated: 5 February 2016