Age Pension calculator$252,000
Rates shown are for the period 1 Jul 2024 – 30 Jun 2025.
Social Security Topics
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$15,500
Rates shown are for the period 1 Jul 2024 – 30 Jun 2025.
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Work bonus Amount Work Bonus available $300 pf Maximum amount of accrued Work Bonus balance $11,8001 Starting work bonus balance for new pensioners1 $4,000 Means tested1 From 1 December 2022, the maximum amount of work bonus balance that can be accrued increased from $7,800 to $11,800 and new pensioners receive an initial work bonus balance of $4,000. -
Benefit Means tested Taxable Service Pension
Yes
Yes1
Partner Service Pension
Yes
Yes2
Permanent Impairment Payment
No
No
Disability Compensation Payment
No
No
War Widow Pension
No
No
Income Support Supplement (ISS)
Yes
Yes3
Means tested1
Service Pension Invalidity is not taxable where the recipient is under pension age
2
Partner Service Pension is not taxable where the veteran is receiving invalidity service pension and both the veteran and their spouse are under pension age
3
ISS is not taxable in some situations where the recipient is under pension age
For more information on Service Pension, refer to https://www.dva.gov.au/financial-support/income-support/service-pension/age-and-invalidity-service-pension
For more information on any of the other benefits above see DVA website:https://www.dva.gov.au