Age Pension Calculator

To get age pension must be:

• born on or before 21/10/1954
• 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