PayMaths

Age Pension calculator

The Age Pension is worked out twice, once under the income test and once under the assets test. You get whichever amount is lower. This uses the rates that started on 20 September 2026.

Rates checked against ATO and official sources on 26 September 2026. How we calculate

Results update as you type.

Are you
Do you own your home?
For couples, enter the combined total.
Car, contents, caravan, investment property. Not your home.
For example rent from an investment property or a defined benefit pension.
Estimated Age Pension$1,237.70 a fortnight$32,180 a year
Maximum rate$1,237.70
Deemed income on financial assets$164.96/fn
Total assessed income$164.96/fn
Rate under the income test$1,237.70
Assets counted (threshold $333,000)$190,000
Rate under the assets test$1,237.70
You get the lower of the two$1,237.70

The income test reduces your pension the most.

Rates from 20 September 2026. You must be 67 or older and meet residence rules. Services Australia makes the final assessment.

How it's calculated

  • Maximum rate: $1,237.70 a fortnight for singles and $1,866.00 for couples combined, including the pension and energy supplements.
  • Income test: the first $226 a fortnight (singles) or $396 (couples combined) doesn’t affect your pension. Above that, it drops by 50 cents for each dollar.
  • Deeming: bank accounts, shares and most super in pension phase are assumed to earn 1.75% on the first $66,800 (singles) or $110,600 (couples) and 3.75% above that, whatever they actually earn.
  • Work Bonus: the first $300 a fortnight of wages (per person) isn’t counted.
  • Assets test: homeowners can have $333,000 (single) or $499,000 (couple) of assets before the pension reduces; non-homeowners $600,000 or $766,000. Above that it drops $3 a fortnight for every $1,000.

Your home isn’t counted as an asset. Some of these thresholds were set on 1 July 2026 and are shown as reported; Services Australia’s assessment is final.

Common questions

What is the full Age Pension in 2026?

From 20 September 2026 the maximum is $1,237.70 a fortnight for a single person and $933.00 each ($1,866.00 combined) for a couple, including supplements.

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

A single pensioner can earn up to $226 a fortnight from other income, plus $300 a fortnight of wages under the Work Bonus, before the pension reduces. It stops at about $2,701 a fortnight.

What age can I get the Age Pension?

67, if you meet the residence and means test rules.

Related calculators

Super guaranteeEmployer super at 12%, your concessional cap and what reaches your account.Capital gains taxTax on selling an investment property or shares, with the 50% discount.

Sources