Free Age Pension Calculator (Australia)
This age pension calculator estimates how much Age Pension you could get each fortnight, applying the income test (with deeming and the Work Bonus) and the assets test, and paying the lower of the two.
Age pension calculator: pension by assets
| Savings and investments | Single homeowner | Single renter | Couple homeowners (combined) |
|---|---|---|---|
| $200,000 | $1,232.16 | $1,232.16 | $1,866.00 |
| $300,000 | $1,160.05 | $1,160.05 | $1,866.00 |
| $400,000 | $1,036.70 | $1,087.93 | $1,818.08 |
| $500,000 | $736.70 | $1,015.82 | $1,745.96 |
| $600,000 | $436.70 | $943.70 | $1,563.00 |
| $700,000 | $136.70 | $871.58 | $1,263.00 |
| $800,000 | $0.00 | $637.70 | $963.00 |
| $1,000,000 | $0.00 | $37.70 | $363.00 |
Age pension rates from 20 September 2026
- Single: $1,237.70 a fortnight (basic rate $1,135.40 plus Pension Supplement and Energy Supplement).
- Couple: $1,866.00 a fortnight combined ($855.90 basic rate each).
- Age Pension age: 67.
Income and assets test limits
| Full pension up to | Part pension stops at (about) | |
|---|---|---|
| Assets, single homeowner | $333,000 | $745,567 |
| Assets, single non-homeowner | $600,000 | $1,012,567 |
| Assets, couple homeowners | $499,000 | $1,121,000 |
| Assets, couple non-homeowners | $766,000 | $1,388,000 |
| Income a fortnight, single | $226.00 | $2,701.40 |
| Income a fortnight, couple combined | $396.00 | $4,128.00 |
Above the free area, the pension falls by 50c for each dollar of income (25c each for a couple) and by $3 a fortnight for each $1,000 of assets. Your home is not counted in the assets test, which is why non-homeowners get a higher limit.
Frequently asked questions
How does the age pension calculator work?
It works out your pension under both the income test and the assets test and pays the lower result, as Services Australia does. Savings and shares are deemed to earn 1.75% on the first $66,800 (single) and 3.75% above that. The first $300 a fortnight of work income is not counted (Work Bonus).
How much age pension with $400,000 in assets?
A single homeowner with $400,000 in savings gets about $1,036.70 a fortnight under the assets test, compared with the full $1,237.70.
What is the full age pension rate?
$1,237.70 a fortnight for a single person and $1,866.00 for a couple combined ($933.00 each), from 20 September 2026, including the Pension Supplement and Energy Supplement.
What is the assets limit for the age pension?
A part pension stops at about $745,567 for a single homeowner and $1,121,000 for a homeowner couple. The full pension is paid up to $333,000 (single homeowner) and $499,000 (couple homeowners).
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