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5.12.1 Overview of Pension Supplement

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Last amended: 1 July 2010

What is pension supplement?

    

Pension Supplement (PSup) is a fortnightly amount paid to eligible pensioners to assist in meeting the cost of prescriptions, rates, telephone and internet connections, energy, water and sewerage.

Service pensioners have PSup included as a means-tested component of their pension.

Rate of PSup

PSup is payable at the single or partnered rate depending on the recipient's family situation and whether or not the person is overseas other than temporarily.    

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Reference Library - Pension Rates

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Components of PSup

There are three components of pension supplement:

  • Minimum amount
  • Basic amount
  • Tax-exempt amount

Different rules apply to each of these components regarding the eligibility criteria, payment arrangements and tax status.  A summary is provided in the table below:

Component

Taxable

Other features

Minimum amount

No

This component is paid in full if some pension supplement is payable.

Payment rate is equivalent to the Seniors Supplement.

Pensioners can elect to receive this component quarterly.

Basic amount

Yes

The only component payable to overseas residents.

The only component included in pension bonus calculations

Tax exempt amount

No