Age Pension Calculator
To get age pension must be:
- born on or before 30/12/1955
- under the income and assets test limits
- an Australian resident, normally for at least 10 years.
Income test
- As a single pensioner, the amount reduces by $0.50 for every additional dollar earned over $178.00 (fortnightly)
- As a pensioner couple, the amount reduces by $0.50 for every additional dollar earned over $316.00 (fortnightly)
Asset test
Homeowner
- As a single pensioner, the amount reduces by $3 for every additional $1,000 assessable assets exceed $268,000.00
- As a pensioner couple, the amount reduces by $3 for every additional $1,000 assessable assets exceed $401,500.00
Non-homeowner
- As a single pensioner, the amount reduces by $3 for every additional $1,000 assessable assets exceed $482,500.00
- As a pensioner couple, the amount reduces by $3 for every additional $1,000 assessable assets exceed $616,000.00
Fortnightly Pension | $933.30 |
Total under income test | $933.30 |
Total under asset test | $944.30 |
Income Tax Calculator
Total tax and tax rates calculation of Australia in 2022 based on your annual, daily or hourly salary.
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