Lump Sum Calculator

This is how to work out the amount of the lump sum:

Method statement

Step 1.   Work out the amount that would have been payable to the surviving partner on the surviving partner's payday immediately before the first available bereavement adjustment payday if:

  (a)   the deceased partner had not died; and

  (b)   if, immediately before the partner's death, the couple were an illness separated couple or a respite care couple--they were not such a couple.

  Note:   For illness separated couple and respite care couple see subsections   4(7) and (8).

Step 2.   Work out the amount that would have been payable to the deceased partner on the deceased partner's payday immediately before the first available bereavement adjustment payday if:

  (a)   the deceased partner had not died; and

  (b)   if, immediately before the partner's death, the couple were an illness separated couple or a respite care couple--they were not such a couple.

  Note:   For illness separated couple and respite care couple see subsections   4(7) and (8).

Step 3.   Add the results of Step 1 and Step 2: the result is called the combined rate .

Step 4.   Work out the amount of pension PP (single) that would, if section   514D did not apply, have been payable to the surviving partner on the surviving partner's payday immediately before the first available bereavement adjustment payday: the result is called the surviving partner's individual rate .

Step 5.   Take the surviving partner's individual rate away from the combined rate: the result is called the deceased partner's instalment component .

Step 6.   Work out the number of the deceased partner's paydays in the bereavement lump sum period.

Step 7.   Multiply the deceased partner's instalment component by the number obtained in Step 6: the result is the amount of the lump sum payable to the surviving partner under this section.