Military pay or military compensation is the pay system by which members of the military are compensated for their participation in the military.

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As parts of government pay systems, military pay typically does not compete with private military compensation.^{[citation needed]}

Because military service requires fit soldiers and commitments that might reach well beyond civilian employment, governments typically provided additional health care, military housing and retirement or veteran's benefits.^{[citation needed]}

Basic annual pay to rank in US dollars for the minimum per rank excluding all additional allowances, bonuses and benefits:

1. Australia^[3]
2. Canada^[1]
3. United States^[4]
4. France^[5]
5. United Kingdom^[6]
6. Germany^[7]
7. Japan^{[8][failed verification]}
8. Russia^[9]
9. Italy^{[10][failed verification]}

Exchange rates used were accurate as of 02/04/2018. Pay ranking does not include additional benefits such as medical, pension, living expenses and bonuses (for example, hazard pay, hardship allowance, field allowance, etc.)^{[citation needed]}

Overall, Australia’s military personnel are paid the highest salaries, based on the fact that their Private and Corporal pay scale goes up to 10 Pay incentives. A Private in the Australian military will make $88,748 AUD (as of Nov 14 2019) without any bonuses after 10 years. When comparing the top countries, Canada came in second place.^{[citation needed]}