Veterans and partners able to earn more
Veterans and partners who receive the Service Pension, Income Support Supplement or Social Security Age Pension and are entitled to the Work Bonus will be able to earn more money without it affecting their pension entitlements.
Under the changes, pensioners who are eligible for the Work Bonus will receive a one-off increase of $4,000 to their Work Bonus Bank balance. In other words, the maximum allowed Work Bonus Bank balance will temporarily increase from $7,800 to $11,800.
The changes took effect on 1 December 2022 and will be available until 31 December 2023.
This one-off increase to the Work Bonus Bank balance will allow eligible veterans and partners the choice to be engaged in additional or new paid work of up to $4,000 if they want to, without reduction to their pension and benefits.
These changes are intended to improve the financial wellbeing and self-sufficiency of our veterans and families.
More information about the Work Bonus is available on the DVA website.