How to use the Age Pension calculator
- 1 Choose single or couple and whether you own your home.
- 2 Enter your financial assets: super in pension phase, bank accounts and shares.
- 3 Enter other assets such as cars, contents and investment property.
- 4 Add employment and other income, then read your pension.
Worked example
A single home owner with $250,000 in super and savings and $30,000 of other assets, not working. Deemed income is $1,168.90 + $6,870 = $8,039 a year, or $309.19 a fortnight, which is $83.19 over the free area, so the income test gives $1,196.10. Assets of $280,000 are under $333,000, so the assets test gives the full rate. Age Pension: $1,196.10 a fortnight ($31,099 a year).
Getting the most Age Pension
- Report assets accurately, including cars and contents at market value.
- Use the Work Bonus if you still work.
- Check deeming on bank accounts and super pensions.
- Review after every March and September rate change.
Plan withdrawals with the Account-Based Pension Calculator, grow super with the Super Balance Calculator, and compare savings with the Term Deposit Calculator.
Features
Both tests
Income test and assets test, paying the lower amount.
Deeming
1.75% on the first $66,800 ($110,600 couple), 3.75% above, from 20 September 2026.
Work Bonus
Takes $300 a fortnight of earnings off before the income test.
When to use it
Planning retirement
See how much pension your savings allow. Grow super with the Super Balance Calculator.
Part pensioners
See what happens if you sell an asset or work more.
Couples
Use combined assets and income. Plan withdrawals with the Account-Based Pension Calculator.
Downsizing
See how selling the family home and holding cash would affect the pension.
Related Centrelink Payments tasks
Frequently asked questions
How much is the Age Pension from September 2026?
$1,237.70 a fortnight for a single person and $933.00 each for a couple ($1,866.00 combined), including the Pension Supplement and Energy Supplement, from 20 September 2026.
How does the income test work?
A single person can have $226 a fortnight of income ($396 combined for a couple) without affecting the pension. Above that, the pension falls by 50 cents for each dollar. It stops at $2,701.40 a fortnight single or $4,128.00 combined.
What are the assets test limits?
For the full pension, assets up to $333,000 for a single home owner, $600,000 for a single non-home owner, $499,000 for a home-owner couple and $766,000 for a non-home-owner couple. Above that, the pension falls by $3 a fortnight for every $1,000.
What are the deeming rates?
From 20 September 2026, 1.75% on the first $66,800 of financial assets for singles ($110,600 for couples) and 3.75% on the rest. Centrelink assumes you earn this, whatever you actually earn.
Is my home counted?
No. Your principal home is not counted in the assets test, but owning one means a lower assets limit than for renters.
What is the Work Bonus?
It lets pensioners earn up to $300 a fortnight from work without it counting in the income test, and unused amounts build up to $11,800.
What is the Age Pension age?
67 for anyone born on or after 1 January 1957.
When do the rates change?
Payment rates rise every March and September, and the deeming thresholds and assets limits are indexed each July.
Is this an official assessment?
No. It is an estimate. Services Australia assesses your claim, including rules this calculator does not cover, such as gifting and income streams.
Results are estimates based on the official rates linked above. Confirm important figures with the issuing authority or a qualified adviser before you act on them.
Built and reviewed by Hamza Farooq, founder and lead developer
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