Age Pension Calculator (Australia)
Updated on 22 Oct 2026 · Checked by Aotob
You could get about A$886.70 a fortnight of Age Pension.
That is A$23,054 a year, from 20 September 2026 rates.
Age Pension a fortnight
A$886.70
The assets test sets your pension because it pays less. The family home is not counted in the assets test.
Show the working
Income test: 1,237.70 − 50c × (income 496.69 − 226) = 1,102.35
Assets test: 1,237.70 − $3 per $1,000 over 333,000 = 886.70
Lower = 886.70
Pension by assets
| Assets | A fortnight |
|---|---|
| 225,000 | 1,237.70 |
| 337,500 | 1,170.86 |
| 450,000 | 886.70 |
| 562,500 | 549.20 |
| 675,000 | 211.70 |
Questions people ask
Who can get the Age Pension?
Australian residents aged 67 or over who have lived in Australia for at least 10 years, and pass the income and assets tests.
How do the tests work?
Centrelink works out your pension under both the income test and the assets test, and pays the lower of the two.
What is deeming?
Instead of actual returns, your financial assets are assumed to earn 1.75% on the first $66,800 (single) and 3.75% above that.
Updated 22 Oct 2026Source: Services Australia: Age Pension rates and testsChecked by AotobRates from 20 September 2026; work bonus and rent assistance not included.Report an issue