Age Pension Calculator · Rates from 20 September 2026
How much Age Pension will you get?
Both means tests, worked out the way Services Australia does it, with the latest rates. See where you sit on the curve, then try what-ifs: spend some savings, gift to family, or pick up some work.
Your pension, for both of you
$1,745.96 a fortnight
$45,395 a year · $872.98 a fortnight each
You get a part pension, 94% of the full rate. The income test sets it.
Each extra $1,000 in savings costs you $18.72 a year in pension.
Rates from 20 September 2026 · Services Australia source
The two tests
Services Australia works out your pension both ways and pays the lower one.
$525,000 counted. Full pension up to $499,000, nothing from $1,121,000.
$636.08 a fortnight counted, all of it deemed from savings. Full pension up to $396.00, nothing from $4,128.00.
Your pension against your savings
The dot is you, with $500.0K in savings. The lines show what you would get with more or less, everything else the same. Flat means full pension; where a line falls, a means test has kicked in.
What if…
New pension
$1,745.96
a fortnight
Change
$0.00
$0 a year
What changed on 20 September 2026
Before then you would have got $1,732.40 a fortnight. Now it is $1,745.96, up $13.56.
| For you | Before | Now |
|---|---|---|
| Full rate, a fortnight | $1,810.40 | $1,866.00 |
| Deeming rates | 1.25% / 3.25% | 1.75% / 3.75% |
How the Age Pension is worked out
How is the Age Pension worked out?
Services Australia runs two tests, an assets test and an income test, and pays whichever gives the lower amount. From 20 September 2026 the full rate is $1,237.70 a fortnight for a single person and $933.00 each for a couple, including the pension and energy supplements.
Does my home count in the assets test?
No, your home is exempt. Because of that, homeowners get a lower free area. A single homeowner can have $333,000 of other assets before the pension starts to drop, against $600,000 for a single person who doesn't own a home. For couples it is $499,000 and $766,000 combined. Each $1,000 over the free area cuts the pension by $3 a fortnight.
What is deeming?
Centrelink doesn't use what your savings actually earn. It assumes they earn 1.75% a year on the first $66,800 ($110,600 for a couple) and 3.75% on the rest. Bank accounts, shares, managed funds and super (once you are over pension age) are all deemed.
How does the income test work?
Add your deemed income, your work income and any other income. A single person can have $226.00 a fortnight ($396.00 combined for a couple) before the pension drops. Over that, it drops 50c for each dollar. The Work Bonus means the first $300 a fortnight of work income each isn't counted.
How much can I have and still get a part pension?
A single homeowner gets some pension with assets under $745,750 ($1,012,750 if not a homeowner). A homeowner couple gets some pension under $1,121,000 combined ($1,388,000 if not homeowners). Income must also be under $2,701.40 a fortnight single or $4,128.00 combined for a couple.
Can I give money to my family to get more pension?
Only up to $10,000 a financial year comes off your assets, and a five-year cap also applies. Anything you give above that still counts as yours, and is still deemed, for five years from the gift.
When do the rates change, and is this calculator up to date?
The maximum rates and the cut-off points change on 20 March and 20 September. The free areas and deeming thresholds change on 1 July. Deeming rates change whenever the government sets them. We check for new rates twice a month and add them as soon as they are published; the date at the top of the page shows which rates you are using.