Age Pension Calculator Australia (Sept 2026 Rates)

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Formula at a glance

Age Pension Calculator: Income test — max − 50c × (income − $226). Example: Single homeowner, $450,000 assets → Estimated Age Pension a fortnight: $886.70 — How the Age Pension Calculator works: Income test — max − 50c × (income − $226)

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📘 About the Age Pension Calculator Australia

The Age Pension is paid from age 67. The maximum from 20 September 2026 is $1,237.70 a fortnight for a single person and $1,866.00 for a couple, including supplements.

Centrelink works out your pension under the income test and the assets test and pays the lower result. Financial assets are deemed to earn 1.75% on the first $66,800 (single) and 3.75% above. The Work Bonus ignores $300 a fortnight of work income. Your home is not counted.

🧮 Formula

Income test

max − 50c × (income − $226)

Assets test

max − $3 per $1,000 over the threshold

✏️ Worked examples

Single homeowner, $450,000 assets

You enter
You are	Single
Homeowner?	Yes
Assessable assets (excl. home)	450,000 $
Of which financial assets (super, shares, bank)	300,000 $
Other income a fortnight (pensions, rent)	0 $
Work income a fortnight	0 $

You get
Estimated Age Pension a fortnight	$886.70
A year	$23,054
Under the income test	$1,160.05
Under the assets test	$886.70
Test that applies	Assets test
Deemed income from financial assets	$381.31 a fortnight
Maximum rate	$1,237.70 a fortnight

$886.70.

Couple homeowners, $600,000 assets

You enter
You are	A couple
Homeowner?	Yes
Assessable assets (excl. home)	600,000 $
Of which financial assets (super, shares, bank)	450,000 $
Other income a fortnight (pensions, rent)	0 $
Work income a fortnight	0 $

You get
Estimated Age Pension a fortnight	$1,563.00 combined
A year	$40,638
Under the income test	$1,782.02
Under the assets test	$1,563.00
Test that applies	Assets test
Deemed income from financial assets	$563.96 a fortnight
Maximum rate	$1,866.00 a fortnight

$1,563.00 combined.

🧭 How to use this calculator

What you enter

You are
Homeowner?
Assessable assets (excl. home) ($)
Of which financial assets (super, shares, bank) ($)
Other income a fortnight (pensions, rent) ($)
Work income a fortnight ($)

What you get

Estimated Age Pension a fortnight
A year
Under the income test
Under the assets test
Test that applies
Deemed income from financial assets
Maximum rate

❓ Frequently asked questions

How much is the Age Pension in 2026?

$1,237.70 a fortnight for singles and $933.00 each ($1,866.00 combined) for couples from 20 September 2026, including supplements.

What is the Age Pension assets limit?

A single homeowner gets a part pension with assessable assets up to $745,750; a couple homeowner up to $1,121,000. Non-homeowners have higher limits.

What is deeming?

Centrelink assumes financial assets earn a set rate — 1.75% and 3.75% from September 2026 — whatever they really earn.

At what age can I get the Age Pension?

67 for anyone born on or after 1 January 1957.

👵 Age Pension Calculator Australia (September 2026 Rates)