The Guides to Social Policy Law is a collection of publications designed to assist decision makers administering social policy law. The information contained in this publication is intended only as a guide to relevant legislation/policy. The information is accurate as at the date listed at the bottom of the page, but may be subject to change. To discuss individual circumstances please contact Services Australia.

1.1.P.157 Pension supplement component for pension bonus

Definition

From 20 September 2009, the pension supplement component for pension bonus (PSCPB) replaced the pension supplement, for the purposes of calculating a pension bonus. The amount of pension bonus is calculated using notional base rate pension and the pension supplement component for pension bonus.

The pension supplement was introduced in 2000 to compensate pensioners for the introduction of the GST.

The pension supplement component for pension bonus is indexed to the CPI each March and September.

Act reference: SSAct section 93H(4) Amount for paragraphs (2)(b) and (3)(b)

Last reviewed: 2 January 2024

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