See how much Australian Age Pension you could receive under the 2026–27 income and assets tests, including single and couple rates.
Super, bank accounts, shares and managed funds — included in Total Assets above. Centrelink assesses a deemed return on these rather than what they actually earn.
Email me when Australian tax rates change
One email per update. No spam, unsubscribe anytime.
You May Be Eligible
Based on your details, you may qualify for the Age Pension.
Fortnightly Payment
$1,082.16
Annual Payment
$28,136.16
Max Pension
$1,237.70
per fortnight
Total Reductions
$155.54
per fortnight
Limiting Test
Income test
applies
Understanding the Age Pension means tests
Age Pension Eligibility
To qualify for the Age Pension, you must be at least 67 years old and an Australian resident. The payment is means-tested through both an income test and an assets test -- the test that produces the lower payment rate is applied.
Income Test
Singles can earn up to $226.00 per fortnight before their pension is reduced; for couples it is $396.00combined. For every dollar over the free area, the pension reduces by 50 cents. For couples that reduction applies to the combined pension, so each partner loses half of it.
Assets Test
The assets test threshold depends on whether you own your home. For homeowner singles it is $333,000.00 and for non-homeowner singles$600,000.00; for couples it is $499,000.00 and $766,000.00 respectively. Assets above the threshold reduce the pension by $3.00 per fortnight for every $1,000 over the limit.
Deeming
Centrelink does not use what your savings actually earn. It assumes — "deems" — a return on financial assets such as super in accumulation, bank accounts, shares and managed funds. The first $66,800.00 for singles (or $110,600.00 combined for couples) is deemed at 1.75%, and anything above that at 3.75%. That deemed amount is what the income test assesses, so savings can reduce your pension even if you draw nothing from them.
Limiting Test
Both the income test and the assets test are applied. The test that results in the lower pension amount is the one used to determine your actual payment. This is called the "limiting test." If both tests allow the maximum pension, the full rate is paid.
Key Thresholds
Income Free Area (Single)
$226.00 per fortnight before any pension reduction applies.
Income Free Area (Couple)
$396.00 combined per fortnight before any pension reduction applies.
Assets Threshold (Homeowner Single)
$333,000.00 in assets before the assets test reduces your pension.
Assets Threshold (Non-Homeowner Single)
$600,000.00 in assets before the assets test reduces your pension.
Services Australia Rates: This calculator uses current Services Australia rates for the 2026-27 financial year. Your actual entitlement may vary -- contact Services Australia for a formal assessment.
Disclaimer: This calculator provides estimates based on current ATO rates and thresholds for the 2026–27 financial year. It does not constitute professional tax, financial, or legal advice. Your actual liability may differ depending on your individual circumstances. Always consult a qualified tax agent before making financial decisions. Read our terms
Related Calculators
Superannuation Calculator
Calculate employer super (12% SG), salary sacrifice, and contribution caps.
Super Drawdown Calculator
Tax on super withdrawals — preservation age and component splits.
Energy Bill Relief Calculator
State and federal energy rebates and concessions.
Low Income Health Care Card
Check eligibility based on income thresholds and concessions.
Rent Assistance Calculator
Commonwealth Rent Assistance — thresholds and payment rates.