Age pension calculator (rates from 20 September 2026)
This age pension calculator estimates your Centrelink Age Pension with the rates and limits from 20 September 2026. Enter whether you are single or a couple, if you own your home, your assets, financial investments and income: the calculator applies deeming, the income test and the assets test and pays the lower result, just like Services Australia.
Example: Relationship: single · Home: I own my home (homeowner) · Assessable assets 300,000 $ · of which financial assets 200,000 $ · Your employment income 0 $ / fortnight · Other income 0 $ / fortnight → Age Pension per fortnight: A$1,232.16. Source: Services Australia – Age Pension: how much you can get, normal maximum rates per fortnight (read 09.10.2026). Updated: .
How it is calculated
A single homeowner with $500,000 of assets, $400,000 of them in the bank and shares, gets $736.70 a fortnight from 20 September 2026 – $19,154.20 a year. The assets test decides: $167,000 above the $333,000 free area costs $501 of the $1,237.70 maximum.
Age Pension rates and limits from 20 September 2026
| Per fortnight | Single | Couple (combined) |
|---|---|---|
| Maximum rate incl. supplements | $1,237.70 | $1,866.00 |
| Income free area | $226 | $396 |
| Assets free area – homeowner | $333,000 | $499,000 |
| Assets free area – non-homeowner | $600,000 | $766,000 |
| Part pension cut-off – homeowner | $745,750 | $1,121,000 |
| Part pension cut-off – non-homeowner | $1,012,750 | $1,388,000 |
How the calculator works
- Deeming: financial assets are assumed to earn 1.75% a year up to $66,800 (couple $110,600) and 3.75% above, whatever they really earn.
- Income test: deemed income plus employment income above the $300 Work Bonus plus other income. Every dollar above $226 a fortnight reduces a single pension by 50 cents; for a couple each pension falls by 25 cents per dollar above $396 combined.
- Assets test: every $1,000 above the free area reduces the pension by $3 a fortnight (single or couple combined).
- Result: Services Australia pays the lower of the two results.
Examples
- Single homeowner, $300,000 assets, $200,000 financial: deemed $237.08, income test −$5.54, assets test $0 – $1,232.16 a fortnight.
- Single homeowner, $500,000 assets, $400,000 financial: deemed $525.54, income test −$149.77, assets test −$501 – $736.70.
- Couple homeowners, $600,000 assets, $450,000 financial: deemed $563.96, income test −$83.98, assets test −$303 – $1,563 together, $781.50 each.
- Single renter, $200,000 assets, $130,000 financial, works for $500 a fortnight: deemed $136.12 + $200 counted work = $336.12, income test −$55.06 – $1,182.64.
Age Pension is taxable income: see the tax calculator Australia. How long your super lasts is shown by the retirement withdrawal calculator.
Limits
You need to be 67 and meet the residence rules. The calculator uses normal rates; some people on part pensions since 2009 get transitional rates. Rent Assistance (which raises the cut-offs for renters), couples separated by illness, a partner who gets a different payment, the Work Bonus balance of up to $11,800 and special rules for income streams, granny flats or overseas pensions are not included. This is an estimate, not a Centrelink assessment.
Frequently asked questions
How much is the Age Pension from September 2026?
The maximum is $1,237.70 a fortnight for a single person and $1,866.00 for a couple combined ($933.00 each), including the pension and energy supplements.
What is the assets limit for the full Age Pension?
From 20 September 2026: $333,000 for a single homeowner and $600,000 for a single non-homeowner; $499,000 and $766,000 for a couple combined. Above that the pension falls by $3 a fortnight for every $1,000.
When does the part pension stop?
A single homeowner gets no Age Pension with assets above $745,750, a couple of homeowners above $1,121,000 combined. Non-homeowners can have $267,000 more.
What are the deeming rates?
From 20 September 2026: 1.75% on financial assets up to $66,800 (couple $110,600) and 3.75% above that.
How much can I earn on the Age Pension?
The Work Bonus ignores the first $300 of work income each fortnight. After that, income above $226 (single) reduces the pension by 50 cents per dollar.
Does my home count in the assets test?
No. Your principal home is exempt, but homeowners have a lower assets free area than non-homeowners.
Sources and legal basis
- Services Australia – Age Pension: how much you can get, normal maximum rates per fortnight (read 09.10.2026)
- Services Australia – Assets test for Age Pension, limits from 20 September 2026 (read 09.10.2026)
- Services Australia – Income test for Age Pension: free areas $226 / $396 a fortnight, 50 c and 25 c taper (read 09.10.2026)
- Social Security Act 1991, s.1064-G4: DSS Social Security Guide 4.2.3 – $3 a fortnight for every $1,000 above the assets free area (read 09.10.2026)
- Social Security Act 1991, s.1082: DSS Social Security Guide 4.4.1.10 – deeming rates from 20 September 2026: 1.75% and 3.75%, thresholds $66,800 / $110,600 (read 09.10.2026)
- Services Australia – How Work Bonus works: $300 a fortnight (read 09.10.2026)
As of: · Editorial policy
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