Age Pension Calculator
Estimate your Age Pension under the income and assets tests with current March 2026 rates, deeming and the Work Bonus.
Your Situation
Super (once you reach pension age), bank accounts, shares, managed funds. Deemed income is calculated automatically.
Vehicles, home contents (second-hand value), investment property, business assets — everything except your own home.
Wages or self-employment income from gainful work. The Work Bonus disregards the first $300 per fortnight per person.
Rental income, overseas pensions, etc. Don't include interest or dividends — deeming already covers financial assets.
Rates effective 20 March 2026 (next indexation 20 September 2026). Income free areas, asset free areas and deeming thresholds were last indexed 1 July 2025. Age Pension age is 67.
Results
Estimated Age Pension
Single rate, including Pension and Energy Supplements
Annual Pension
Maximum possible: $31,223 per year
Income Test
Not binding
Assets Test
Not binding
Deemed income on your $200,000 of financial assets: $200.62/fortnight (1.25% up to $64,200, 3.25% above — actual returns are ignored).
Estimate only — Services Australia assesses the exact rate. Not modelled: Rent Assistance (can add to the rate and raise cut-offs), the Work Bonus income bank (up to $11,800 of unused bonus can offset future employment income), transitional rates, and couples separated by illness (who each get the single rate).
Guide & Information
Overview
Make informed financial decisions with our Age Pension Calculator designed for Australia residents.
💡 Tips
- •Compare different scenarios before deciding
- •Factor in all costs, not just the obvious ones
- •Review calculations periodically as rates change
Why Use This Age Pension Calculator
Proper financial planning is crucial for achieving your long-term goals.
Regulations: Complies with current Australia regulations.
- • Loan amount: $100,000
- • Interest rates vary by institution
- • Terms typically range from 12-360 months
Related Calculators
Frequently Asked Questions
How accurate is this Age Pension Calculator?
Our calculator uses standard financial formulas and current market rates for Australia to provide accurate estimates.
What factors affect my calculation?
Key factors include principal amount, interest rates, time period, and any specific regulations in Australia.
Should I consult a financial advisor?
While this calculator provides accurate estimates, complex financial decisions benefit from professional advice.
Frequently asked questions
How much is the full Age Pension in 2026?
From 20 March 2026 the maximum rate including Pension and Energy Supplements is $1,200.90 a fortnight for singles (about $31,200 a year) and $905.20 each for couples ($1,810.40 combined, about $47,070 a year). Rates are indexed every 20 March and 20 September.
How much can I have in assets and still get the Age Pension?
Your own home is exempt. You get the full pension while assessable assets are under the free area — $321,500 for a single homeowner, $579,500 for a single non-homeowner, $481,500 combined for a homeowner couple, $739,500 for a non-homeowner couple (indexed 1 July 2025). Above that, the pension reduces by $3 a fortnight per $1,000 of extra assets, cutting out at roughly $722,000 (single homeowner) and $1,085,000 (homeowner couple) at March 2026 rates.
How does the Age Pension income test work?
You can have $218 a fortnight of income (single) or $380 combined (couple) with no reduction. Above the free area, the pension falls by 50 cents per dollar (combined). Financial assets aren’t assessed on actual returns — they’re deemed to earn 1.25% up to $64,200 (single) or $106,200 (couple) and 3.25% above (rates from 20 March 2026). Your pension is the lower of the income-test and assets-test results.
Can I work and still get the Age Pension?
Yes. The Work Bonus disregards the first $300 a fortnight of employment or gainful self-employment income per person, on top of the normal income free area. Unused Work Bonus accrues in an income bank up to $11,800 (new pensioners start with a $4,000 credit), which offsets future work income — so occasional or seasonal work often has no effect on your pension.
At what age can I get the Age Pension?
Age Pension age is 67 for everyone born on or after 1 January 1957 — the phase-up from 65 finished on 1 July 2023 and there are no announced plans to raise it further. You generally also need 10 years of Australian residence, including at least one continuous 5-year period.
What if my income or assets are just over the cut-off?
Even $1 of part pension brings the Pensioner Concession Card with it, so the cut-offs matter. If you miss out entirely, you may still qualify for the Commonwealth Seniors Health Card, which is income-tested only with much higher limits and no assets test. Strategies near the threshold (gifting is capped at $10,000 a year and $30,000 over five years, funeral bonds, home improvements) have real consequences — get licensed financial advice first.