Pension Calculator Australia: Estimate Your Age Pension in Seconds

Pension Calculator Australia

Australian Age Pension Estimator

Estimate your fortnightly Age Pension using the current Centrelink income test, assets test and deeming rules.

1. About you
Please enter a valid age.
Your principal home itself is not counted in the assets test — this only affects which threshold applies.
2. Income (per fortnight, before tax)
$
Combined for couples. Wages, self-employment, rental income, super income streams not already covered by deeming. Excludes Work Bonus concessions.
3. Assets
$
Bank accounts, term deposits, shares, managed funds, super in accumulation/pension phase (once you're of Age Pension age). Combined for couples — this amount is deemed to earn income.
$
Investment property, vehicles, household contents, business assets. Excludes your principal home.
$0 / fortnight
Estimate only, for general information — not financial or Centrelink advice. Based on standard Age Pension rules (payment rates from 20 March 2026; income, assets and deeming thresholds from 1 July 2026, per Services Australia). Does not account for the Work Bonus, transitional rates, Rent Assistance, illness-separated couples, overseas residence or special asset/income treatments. Always confirm your actual entitlement with Services Australia (Centrelink) or a licensed financial adviser.
Use this pension calculator Australia tool to estimate how much Age Pension you could receive from Services Australia (Centrelink), based on your age, relationship status, income and assets. It applies the same income test, assets test and deeming rules Centrelink uses, so you get a realistic fortnightly estimate before you claim. As of 2026, the maximum Age Pension is $1,200.90 per fortnight for a single person and $1,810.40 per fortnight combined for a couple. Most people don’t receive the maximum rate — your actual payment depends on how your income and assets compare against Centrelink’s thresholds, and Services Australia pays whichever of the two tests (income or assets) gives the lower result. Enter your details in the calculator above to see your personal estimate, including a full breakdown of both tests. Last updated: 15 August 2026 · Rates current as at 20 March 2026 (payments) and 1 July 2026 (income, assets and deeming thresholds).

How This Pension Calculator Australia Tool Works

This calculator runs the same two-step means test Centrelink uses:
  1. Income test – adds your employment, rental and other income to the income Centrelink assumes (“deems”) your financial assets are earning, then compares the total to the income free area for your situation.
  2. Assets test – adds up your financial and non-financial assets (excluding your home) and compares the total to the assets free area for your situation.
Each test produces its own estimated fortnightly payment. Whichever test gives the lower amount is your estimated Age Pension — this is exactly how Services Australia calculates real payments. The calculator shows you both results side by side so you can see which test is limiting your payment.

Current Age Pension rates (2026)

Single Couple (combined) Couple (each)
Maximum fortnightly rate $1,200.90 $1,810.40 $905.20
Maximum annual rate (approx.) $31,223 $47,070 $23,535
Rates are reviewed twice a year (20 March and 20 September) in line with the Consumer Price Index, the Pensioner and Beneficiary Living Cost Index, and Male Total Average Weekly Earnings. Income, assets and deeming thresholds are reviewed separately on 1 July each year.

Who is eligible for the Age Pension?

To qualify for the Australian Age Pension, you generally need to:
  • Be 67 years or older (the current Age Pension age for anyone born on or after 1 January 1957)
  • Meet Australian residency rules — generally an Australian resident for at least 10 years in total, including 5 continuous years (some exceptions and international agreements apply)
  • Pass both the income test and the assets test
You can lodge a claim up to 13 weeks before you turn 67 so your payments aren’t delayed once you’re eligible.

How the income test works

Centrelink counts assessable income from employment, self-employment, rental properties, and superannuation income streams, plus deemed income from your financial assets (see below).
Free area (per fortnight) Taper rate Cut-off point (per fortnight)
Single $226.00 50c per $1 over the free area $2,627.80
Couple (combined) $396.00 50c per $1 combined over the free area (25c each) $4,016.80
Income below the free area doesn’t reduce your pension at all. Above it, your payment reduces steadily until it reaches the cut-off point, where the income test result drops to zero.

How the assets test works

The assets test looks at almost everything you own except your principal home — bank accounts, shares, managed funds, superannuation, investment property, vehicles, business assets and household contents.
Full pension asset limit Part pension cuts off at
Single homeowner $333,000 $733,500
Single non-homeowner $600,000 $1,000,500
Couple homeowner (combined) $499,000 $1,102,500
Couple non-homeowner (combined) $766,000 $1,369,500
Above the free area, your pension reduces by $3 per fortnight for every $1,000 of assets over the threshold, until it reaches zero at the cut-off point. Non-homeowners get a higher threshold because they don’t have home equity counted separately.

Deeming rates explained

Rather than checking the actual interest or dividends your financial assets earn, Centrelink assumes (“deems”) they earn a set rate of return, regardless of what you actually receive.
  • Lower deeming rate: 1.25% p.a. on the first $66,800 of financial assets (single) or $110,600 (couple combined)
  • Upper deeming rate: 3.25% p.a. on financial assets above those thresholds
Financial assets include bank accounts, term deposits, shares, and managed investments. If your real returns are higher than the deemed rate, the extra income isn’t assessed — but if your real returns are lower, Centrelink still uses the deemed figure.

Age Pension for couples vs singles

If you’re in a couple, Centrelink assesses your combined income and assets against the couple thresholds, even if only one of you has reached Age Pension age. The combined pension is then generally split evenly between both partners. Couples separated due to illness (for example, one partner in aged care) may each be assessed at the single rate instead — this calculator uses the standard combined-couple rules and doesn’t cover illness-separated couples. Looking for another country? Check out our UK pension calculator, US pension calculator, or browse all pension calculators.

Frequently asked questions

How much is the Age Pension in Australia in 2026?

The maximum Age Pension is $1,200.90 per fortnight for a single person and $1,810.40 per fortnight combined for a couple (as of 20 March 2026). Most recipients get less than the maximum because the income and assets tests reduce the payment based on your personal circumstances.

What age can I get the Age Pension in Australia?

You can claim the Age Pension once you reach 67 years old, the current Age Pension age for anyone born on or after 1 January 1957. This is separate from your superannuation preservation age, which can be lower.

How is the Age Pension calculated?

Centrelink runs both an income test and an assets test on your situation, works out an estimated payment under each one, and pays you the lower of the two results. If either test reduces your payment to zero, you won’t qualify for a payment under standard rules.

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

A single person can earn up to $226 per fortnight, and a couple up to $396 combined per fortnight, before the pension starts reducing. The pension cuts off completely at $2,627.80 per fortnight for singles and $4,016.80 combined for couples.

How much super or savings can I have and still get a part pension?

It depends on your homeownership status. A single homeowner can have assessable assets up to $733,500 and still receive a part pension; for a single non-homeowner, the cut-off is $1,000,500. For a homeowner couple, the combined cut-off is $1,102,500, and for a non-homeowner couple it’s $1,369,500.

Does owning my home affect my Age Pension?

Your principal home itself is not counted in the assets test. However, homeowners have a lower assets-test free area than non-homeowners, because home equity is treated as a form of financial security that non-homeowners don’t have.

What are Centrelink deeming rates?

Deeming rates are the rates of return Centrelink assumes your financial assets earn, regardless of their actual performance. As of 2026, the lower rate is 1.25% (up to $66,800 single / $110,600 couple) and the upper rate is 3.25% above those thresholds.

Is this pension calculator accurate?

This calculator applies the standard Age Pension income test, assets test and deeming formulas that Services Australia uses, so it gives a close estimate for most straightforward situations. It doesn’t account for the Work Bonus, Rent Assistance, transitional rates, overseas income, illness-separated couples, or other special circumstances, so your official Centrelink assessment may differ. Always confirm your exact entitlement with Services Australia or a financial adviser before making decisions.

How do I apply for the Age Pension?

You can apply through myGov: create or log in to your myGov account, link it to Centrelink, then go to Centrelink → Make a claim → Age Pension. You’ll need proof of age and residency, your bank details, and details of your income and assets. You can lodge your claim up to 13 weeks before you turn 67.

How often do Age Pension rates change?

Payment rates are reviewed on 20 March and 20 September each year based on inflation and wage measures. Income, assets and deeming thresholds are reviewed separately on 1 July each year. This calculator is updated to reflect the latest published rates.

Disclaimer

This calculator and the information on this page are provided for general information only and do not constitute financial, legal, taxation or Centrelink advice. Figures are based on standard Age Pension rules as published by Services Australia (payment rates from 20 March 2026; income, assets and deeming thresholds from 1 July 2026) and do not account for the Work Bonus, Rent Assistance, transitional rates, illness-separated couples, overseas residence, or other special circumstances. Always verify your actual entitlement with Services Australia (Centrelink) or a licensed financial adviser before making any decisions.