Avant Retirement Reward Plan
Financial strength has its rewards
The Retirement Reward Plan is a unique benefit for Avant members. In October 2026, Avant paid $15.3m to members (or their estate) who retired in 2025–26. The Avant Board has also approved a further $38.3m for the plan in 2025–26.
About the Retirement Reward Plan
Established in 2014, the Retirement Reward Plan lets Avant share its financial success with members. When eligible members permanently retire from paid medical practice, we may return surplus capital to them as a dividend.
Each year, the Avant Board decides on contributions to the plan. It bases this on Avant's financial strength and outlook. The $38.3m approved for 2025–26 brings the total notional balance to $474m. This is held for the benefit of nearly 72,000 members (before payments in October 2026). Since 2014, members have been paid $143m under the plan.
Eligibility criteria
All voting members are automatically eligible to participate in the Retirement Reward Plan.
A voting member is a doctor who is practising or entitled to practise medicine in Australia and has paid an annual membership subscription to the Avant Mutual Group (this includes interns, RMOs, trainees and specialists).
What to do when you're retiring
When you permanently retire from paid medical practice, you will be entitled to apply for the Australian Government's Run-Off Cover Scheme (ROCS) policy and your Avant Retirement Reward Plan Dividend.
Notify us of your retirement as soon as possible, and we can assist you with your ROCS policy application. If you notify us before 31 July, you may be eligible to receive your dividend in the same year. Any dividends declared will be announced in September, with payments made in October.
The Avant Board will decide on dividends after receiving notifications from retiring members and reviewing Avant's financial performance.
To notify us of your retirement, apply for a ROCS policy, or if you have any questions, contact the Member Engagement team Monday to Friday, 8 am to 7 pm AEST, on 1800 128 268 or email memberservices@avant.org.au.
I am really enjoying retirement and happy in this new phase of my life. I have time for tennis and golf – 18 holes exhausts me; 9 holes is my happy place. The dividend payment was an added bonus for my retirement.
"
Key dates
IMPORTANT: The Retirement Reward Plan reflects the current policy of the Board for determining which members of Avant are eligible to participate in the Retirement Reward Plan and any Retirement Reward Dividends declared by Avant. The Retirement Reward Plan is entirely at the discretion of the Board and no member will be eligible to receive a Retirement Reward Dividend until such time as the Board declares a dividend in favour of that member. The Retirement Reward Plan is subject to change, suspension or termination by the Board at any time.