In 2025, the Centrelink Bonus Eligibility Update has drawn considerable attention, especially among Australians nearing retirement. With the rising cost of living and evolving policy changes, understanding how Centrelink assesses pension bonus qualifications based on the assets test and income threshold is more crucial than ever. If you’re hoping to maximize your benefits this year, this comprehensive guide breaks down everything you need to know.
The Centrelink Pension Bonus Scheme was once a popular incentive program, but although the original scheme ended in 2014, its criteria still affect ongoing eligibility for certain delayed claims and related pension structures. In 2025, Centrelink continues to apply strict financial criteria to assess eligibility for associated bonus payments and income support programs.
Understanding the Centrelink Bonus Eligibility Update
The Centrelink Bonus Eligibility Update for 2025 revolves around financial tests used to determine if a person qualifies for support. These include:
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The income threshold: assessing how much you or your partner earn from work, superannuation, or investments.
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The assets test: assessing the value of what you own (excluding the family home).
For individuals who delayed their pension in previous years or who are being reassessed for ongoing support, these updated thresholds will impact your payment amounts or qualification status.
2025 Asset and Income Thresholds at a Glance
To understand how these two tests impact your Centrelink Bonus Eligibility Update, refer to the current 2025 limits:
| Test Type | Single (Threshold) | Couple (Threshold) | Notes |
|---|---|---|---|
| Income Test | $204/fortnight | $360/fortnight (combined) | Above threshold reduces payment by 50c per $1 |
| Assets Test | $301,750 (homeowner) | $451,500 (homeowners) | Includes cars, shares, bank accounts, etc. |
| $543,750 (non-home) | $693,500 (non-homeowners) | Home value is exempt but rental property is included |
These thresholds are reviewed annually. Exceeding them doesn’t necessarily disqualify you from all benefits, but it does reduce the pension bonus or age pension amount you may be eligible to receive.
Who Still Qualifies for the Pension Bonus?
While the original Pension Bonus Scheme is closed to new applicants, some individuals who deferred their Age Pension before July 2014 and continued to meet work requirements may still be eligible for a one-time bonus upon claim. According to the Centrelink Bonus Eligibility Update, eligibility depends on:
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Being aged over 65 (men) or over 64 (women) at the time of initial deferral
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Continuing work of at least 960 hours per year during the deferral period
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Meeting the assets test and income threshold at the time of application
If you deferred your pension but are unsure whether you’re still eligible for a bonus payment, Centrelink encourages you to check with their retirement services directly.
What If You’re Not Eligible Anymore?
If you don’t meet the current Centrelink Bonus Eligibility Update thresholds, don’t worry—there are other financial support options available in 2025. These include:
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Work Bonus Scheme – allows older Australians to earn more without affecting pension
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Age Pension – standard fortnightly support if you meet the revised income threshold
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Pensioner Concession Card – offering discounts and subsidized services
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Rent Assistance – additional help for those not owning a home
Reviewing your financial portfolio, including property, savings, and superannuation, can help ensure you’re still maximizing the support you’re entitled to under Centrelink’s updated rules.
Conclusion
The Centrelink Bonus Eligibility Update for 2025 highlights how crucial it is to understand the assets test and income threshold before applying for or reassessing your benefits. While the Pension Bonus Scheme has officially closed to new applicants, those with deferred claims and long-term work records may still be entitled to one-time bonus support. Stay updated with Centrelink’s guidelines and reach out to a financial adviser if you’re unsure how your assets or income might affect your payment. With the right planning, you can still secure valuable retirement support in 2025.
FAQs
What is the Centrelink Pension Bonus Scheme?
The Pension Bonus Scheme was an incentive for people who deferred claiming the Age Pension and continued working. It has since closed but still affects some legacy cases.
How does the income threshold affect eligibility?
If your income exceeds the allowed income threshold, your payment is reduced by 50 cents for every dollar above the limit.
What is excluded from the assets test?
Your primary residence is not included, but cars, savings, superannuation, and investment properties are assessed.
Can I still get a pension if I don’t qualify for the bonus?
Yes, even if you don’t qualify for the bonus, you may still be eligible for the standard Age Pension or other Centrelink assistance.
Is there any way to increase my Centrelink support?
Yes, by applying for Work Bonus or ensuring your assets and income are properly declared, you may optimize your support levels.
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