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Pension Bonus Scheme

If you qualified for the Age Pension before 20 September 2009, but chose to defer claiming the Age Pension and continue working, you may be entitled a one-off tax free lump sum bonus of up to $40,000 when you eventually claim and receive the Age Pension.

The Pension Scheme is entirely voluntary. You must register to become a member of the pension bonus scheme, and meet the flexible work test requirements for at least 12 months from the date your membership commenced.