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Age Pension Calculator

Estimate your Age Pension a fortnight from your savings, other assets and income, under the income test and the assets test, with deeming and the Work Bonus.

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Bank accounts, shares, managed funds, and super once you reach Age Pension age

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Cars, home contents, a caravan or investment property, at what they’d sell for. Not your home.

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A fortnight, before tax

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A fortnight, such as rent

Your Age Pension

$1,160.05 a fortnight

A part pension, set by the income test: about $30,161 a year.

Full pension
$1,237.70
Income test cut
$77.65
Assets test cut
$51.00

What this means

The Age Pension is paid from 67 and is means-tested twice. The income test takes off 50c for each dollar of income over $226.00 a fortnight ($396.00 for a couple together), and the assets test $3 a fortnight for each $1,000 of assets over a limit. You get whichever leaves you less.

Savings and investments aren’t counted at what they actually earn: they’re deemed to earn 1.75% on the first $66,800 and 3.75% on the rest. The first $300 a fortnight of each person’s earnings from work isn’t counted (the Work Bonus). Your home isn’t counted in either test.

Next step

The two tests

Income test, a fortnight
Deemed income from savings$381.31
Over the $226.00 free area, at 50c a $1−$77.65
Assets test
Assets counted$350,000
Over the $333,000 limit, at $3 a $1,000−$51.00
Full pension$1,237.70
Your pension, by the income test$1,160.05

By your savings

Your pension a fortnight, with other things the same
$1,238$619$0
$0k$100k$200k$300k$400k$500k$600k$800k$1m
Age Pension
Assumptions in this estimate
  • Rates from 20 September 2026 to 19 March 2027: the full pension is $1,237.70 a fortnight single, or $933.00 each for a couple, including the pension and energy supplements. Rates rise each March and September.
  • The pension stops at about $2,701.40 a fortnight of income or $745,567 of assets, for you.
  • For a couple, assumes you both are of Age Pension age; your income and assets are combined and the pension is split equally.
  • Not included: Rent Assistance for renters, the Work Bonus income bank (unused amounts build up to $11,800), and special rules for income streams started before 2015, farms, trusts and gifts over the limits.
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How the calculator works

  1. Full pension: $1,237.70 a fortnight for a single person, or $933.00 each for a couple, from 20 September 2026.
  2. Income test: your deemed income from savings, plus earnings over the $300 Work Bonus and other income. Above the free area, the pension falls by 50c a dollar.
  3. Assets test: your savings and other assets, not your home. Above the limit, the pension falls by $3 a fortnight for each $1,000.
  4. Your pension: the full pension less whichever test takes off more.

Examples

A fortnight, from 20 September 2026, with no income other than savings:

Who Savings Other assets Age Pension Set by
Single homeowner $100,000 $30,000 $1,237.70 (full) –
Single homeowner $300,000 $50,000 $1,160.05 Income test
Single homeowner $500,000 $50,000 $586.70 Assets test
Single renter $500,000 $50,000 $1,015.82 Income test
Couple homeowners $400,000 $50,000 $1,818.08 ($909.04 each) Income test
Couple homeowners $800,000 $50,000 $813.00 ($406.50 each) Assets test

Earning $500 a fortnight from work, the single homeowner with $300,000 gets $1,060.05: $200 counts after the Work Bonus, and takes off $100.

Learn more

See our guide to how much super you need, the super calculator, and the how long will my super last calculator.

Last updated

Frequently asked questions

How much is the Age Pension?

From 20 September 2026, the full Age Pension is $1,237.70 a fortnight for a single person and $933.00 each for a couple ($1,866.00 together), including the pension and energy supplements.

How much can I have in assets and still get the Age Pension?

You get the full pension with assets up to $333,000 as a single homeowner, $600,000 as a single non-homeowner, $499,000 as a couple who own their home or $766,000 as a couple who don’t, from 1 July 2026. Above that, it falls by $3 a fortnight for each $1,000, and stops at about $745,500 for a single homeowner. Your home isn’t counted.

What are the deeming rates?

From 20 September 2026, savings and investments are deemed to earn 1.75% on the first $66,800 ($110,600 for a couple) and 3.75% on the rest, whatever they actually earn. That deemed income counts in the income test.

How much can I earn and still get the Age Pension?

The first $300 a fortnight of earnings from work isn’t counted (the Work Bonus). Income over $226 a fortnight for a single person, or $396 for a couple together, reduces the pension by 50c a dollar.

Which test applies to me?

Both are worked out, and you get the lower pension. People with mostly savings tend to be set by the income test, through deeming; people with large non-financial assets, such as an investment property, by the assets test.