Age Pension: rates and means tests

Rates below apply from 20 September 2026. The calculator is a planning estimate, not a determination of entitlement.

Payment rates and qualifying rules

The maximum normal rate, including supplements, is $1,237.70 per fortnight for a single person or $933 per person for a couple ($1,866 combined). Age Pension age is 67. Residence is generally required for 10 years in total, including at least 5 continuous years; exceptions and international agreements may apply.

Income and assets tests

The income-free area is $226 per fortnight for a single person and $396 combined for a couple. Excess assessable income reduces a single pension by 50 cents per dollar, or each partnered pension by 25 cents per dollar.

Full-pension asset thresholds are $333,000 for a single homeowner, $600,000 for a single non-homeowner, $499,000 for homeowner couples combined and $766,000 for non-homeowner couples combined. The principal home may be exempt. Each $1,000 above the threshold reduces the pension by $3 per fortnight for a single person or $1.50 per partnered person. The lower result from the income and assets tests applies.

For example, a single homeowner with $400,000 assessable assets and assessable income within the free area has an estimated assets reduction of $201 and pension of $1,036.70 per fortnight.

Deeming and calculator limits

From 20 September 2026, deeming rates are 1.75% and 3.75%, with the applicable threshold depending on family circumstances. Enter assessable income including deemed income, after any applicable Work Bonus adjustment. The tool does not calculate these adjustments, assess residence or account for special overseas-payment rules. Couple inputs must be combined; the displayed result is per person.

Check payment rates, income tests, asset tests and deeming with Services Australia.

Use the Age Pension calculator for these assumptions.