Age Pension Calculator
Estimate your fortnightly Age Pension under both the income test and the assets test, using rates from 20 September 2026.
Rates from 20 September 2026 to 19 March 2027, including the Pension Supplement and Energy Supplement. Income and assets limits from 1 July 2026. Deeming rates from 20 September 2026 (1.75% and 3.75%).
Printed from ClearCalc (clearcalc.com.au/age-pension-calculator/). Estimates only, not financial advice.
How the Age Pension is worked out
Services Australia works out your pension under two tests, the income test and the assets test, and pays you the lower of the two results. You also need to be 67 or older and meet residence rules.
Maximum rates from 20 September 2026
- Single: $1,237.70 a fortnight (about $32,180 a year)
- Couple: $933.00 each, or $1,866.00 combined a fortnight (about $48,516 a year)
These include the Pension Supplement and Energy Supplement. Rates are next indexed on 20 March 2027.
Income test
You can have up to $226 a fortnight (single) or $396 combined (couple) of income before your pension is reduced. Above that, it falls by 50c for each extra dollar for singles, or 25c each for couples. Your financial assets (bank accounts, shares, account-based pensions) are deemed to earn income whatever they actually earn: 1.75% on the first $66,800 (single) or $110,600 (couple), and 3.75% above that, from 20 September 2026. The Work Bonus means the first $300 a fortnight of each person's work income isn't counted, and unused amounts build up in an income bank (not modelled here).
Assets test
| Situation | Full pension up to | Part pension stops at |
|---|---|---|
| Single homeowner | $333,000 | $745,750 |
| Single non-homeowner | $600,000 | $1,012,750 |
| Couple homeowner (combined) | $499,000 | $1,121,000 |
| Couple non-homeowner (combined) | $766,000 | $1,388,000 |
Above the full-pension limit, your pension drops by $3 a fortnight for every $1,000 of assets. Your home isn't counted, but cars, contents, investment property, super (once you reach pension age) and money in the bank are.
Planning ahead
Because the tests can reward spending on your home or on care, it's worth getting advice before big decisions. See how much super you might retire with in our super calculator, and if you're arranging help at home, the Support at Home calculator shows what you'd contribute. Services Australia's Financial Information Service offers free, independent help.
Frequently asked questions
Is my home counted in the Age Pension assets test?
No, your principal home isn't counted. Homeowners have a lower assets limit than non-homeowners to balance this out.
How much can I earn from work and still get the full pension?
A single pensioner with no other income can earn about $526 a fortnight from work: $300 is excluded by the Work Bonus and the next $226 is within the income free area.
Is my super counted?
Once you reach Age Pension age, yes. It's counted as an asset and, as a financial asset, it's deemed to earn income. Super held by a younger partner in accumulation phase isn't counted.
When do the rates change?
Pension rates are indexed every March and September. Income and assets limits are also indexed on 1 July. These figures apply from 20 September 2026.
Official sources used for this calculator include: Services Australia, Services Australia – Child Care Subsidy, My Aged Care. See how we calculate.
Reviewed by the ClearCalc team. Last reviewed October 2026. This calculator gives an estimate for general information only. Check important figures with the relevant government agency or a licensed professional.