A person who qualifies for an age pension but defers claiming that pension may be able to get a single lump‑sum pension bonus.

•         A person who wants to get a pension bonus must register as a member of the pension bonus scheme.

•         To get a pension bonus, a person must accrue between 1 and 5 bonus periods while deferring age pension.

•         Generally, a bonus period runs for 1 year.

•         To accrue a bonus period, the person must pass the work test for that period.

•         To pass the work test for a year, either the person, or the person's partner, must gainfully work for at least 960 hours during that year.

•         The amount of a person's pension bonus depends on the number of accrued bonus periods and the person's annual rate of age pension.  A person may get a bigger bonus by accruing more bonus periods.