Both tests, worked out for you — you're paid whichever gives the lower amount.
Rates as at · indicative only, not personal advice
About you
You
Age Pension age is 67
Still in accumulation
Wages, per year
Your partner
Age Pension age is 67
Still in accumulation
Wages, per year
Held together
Savings, shares, and super you're drawing on
Everything except the home you live in
Per year — rent, investments and the like
You're paid under whichever test — income or assets — gives the lower pension. Financial assets are "deemed" to earn a set rate for the income test, whatever they actually earn.
Enter your details above to estimate your Age Pension and see how each test is worked out.
Enter your details above to check your card eligibility.
The rates and limits behind this 2026–27
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Uses current Services Australia rates (Age Pension 20 March – 19 September 2026; CSHC from 20 September 2025). Maximum pension (incl. supplements) $1,200.90/fn single, $1,810.40/fn couple combined. Income test: free area $226 (single) / $396 (couple) per fortnight, reducing 50c per $1 over. Assets test: $3 per fortnight per $1,000 over the threshold. Deeming: 1.25% on the first $66,800 (single) / $110,600 (couple) of financial assets, 3.25% above. CSHC income limits (taxable income + deemed income, no assets test): $101,105 single / $161,768 couple per year. Age Pension age is 67. Couples are assessed on combined income and assets; where only one partner has reached Age Pension age, that partner is paid half the combined couple rate, and the other partner's un-drawn (accumulation) super is exempt from both tests until they reach 67 or start an income stream. The Work Bonus ($300 a fortnight of employment income) applies only to a partner who is actually receiving the pension. A guide only — excludes income-stream rules, gifting, exempt assets, Rent Assistance, the Work Bonus income bank, transitional rates and individual circumstances. General information only — not personal advice. Navarino Wealth Pty Ltd.
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This tool shows the general picture — a short chat shows what it means for you. The first meeting is complimentary and no-obligation.
Please read this before you act on any number above.
This superannuation calculator is not intended to be relied on for the purpose of making a decision
in relation to a financial product, and you should consider obtaining advice from a
financial services licensee before making any financial decisions. The assumptions it
uses, and its limitations, are set out on this page — please read them, because they
change the answer. Separately, any general advice here has been prepared without taking
account of your objectives, financial situation or needs; consider whether it is
appropriate for you before acting on it.
How the Age Pension is worked out
Two tests decide what you get: an income test and an assets test. Services Australia applies both and pays you whichever produces the lower amount. Most people are surprised by that. Being comfortably under one test does not help if the other one cuts you back.
The income test
The first $226 a fortnight is ignored if you are single, or $396 for a couple. Above that, your payment reduces by 50 cents for every extra dollar. Money in the bank, shares and most investments are not counted on what they actually earn. They are "deemed" to earn a set rate, currently 1.25 per cent on the first $66,800 for a single and 3.25 per cent above it. That rule catches people out, because your real interest is irrelevant.
The assets test
This counts almost everything you own except the home you live in. A single homeowner keeps the full pension up to $333,000 in assets, and payments stop entirely at $733,500. For a homeowning couple those figures are $499,000 and $1,102,500. Above the threshold the pension drops by $3 a fortnight for every $1,000 of extra assets, which works out to a reduction of about 7.8 per cent a year on those assets.
Your home is not counted, but it still changes the numbers
Non-homeowners get much higher thresholds, because they need capital to house themselves. A single non-homeowner keeps the full pension up to $600,000 and cuts out at $1,000,500.
If you and your partner are different ages
This is where most couples get caught out, and it works in your favour more often than not. Centrelink still assesses you as a couple on your combined income and assets, using the couple thresholds. But only a partner who has reached 67 can actually be paid, and they receive the member-of-a-couple rate, which is about half the combined figure.
The part people miss is the super. Super still sitting in accumulation phase, belonging to a partner under 67 and not being drawn on, is exempt from both tests until that partner turns 67 or starts an income stream. The same household balance can therefore produce a very different pension depending on whose name it sits in, and the pension often falls when the younger partner reaches 67 and that money starts counting. This calculator applies the exemption and shows you what changes on the day it ends.
The Work Bonus works the same way. It is personal to each person actually receiving the pension, so a younger partner who is still working gets no Work Bonus, and every dollar of their wage counts in the couple's combined income test.
What this calculator does
It applies both tests to your situation, shows you which one is binding, and gives you the fortnightly and annual result. Enter both dates of birth and it handles couples of different ages, including the exempt super and the single Work Bonus. It also checks the Commonwealth Seniors Health Card, which has no assets test at all and a far more generous income limit of $101,105 for a single and $161,768 for a couple. People well over the pension cut-off often still qualify for the card and do not realise it.
It is a guide, not advice. It does not model income streams, gifting, exempt assets, Rent Assistance, the Work Bonus income bank or transitional rates, and it cannot know your circumstances. The "when you both reach Age Pension age" figure uses today's balances, rates and thresholds, so treat it as a comparison rather than a forecast. Rates shown are those current at 1 July 2026.
Common questions about the Age Pension
Can I get the Age Pension if I own my home?
Yes. The home you live in is not counted in the assets test, no matter what it is worth. Almost everything else is.
At what age can I claim the Age Pension?
67, for anyone born on or after 1 January 1957. You also need to meet Australian residency requirements.
How much can I have and still get something?
A single homeowner gets a part pension up to $733,500 in assessable assets. A homeowning couple, up to $1,102,500. Non-homeowners can hold considerably more, cutting out at $1,000,500 single and $1,369,500 for a couple.
Does my super count towards the Age Pension?
Once you reach pension age, yes. Your super balance is an assessable asset and is deemed under the income test, whether or not you are drawing on it. Before pension age it is different: super still in accumulation phase, belonging to someone under 67 and not being drawn on, is exempt from both tests.
What happens if my partner is younger than me?
You are still assessed as a couple on your combined income and assets, but only the partner who has reached 67 can be paid, and they get the member-of-a-couple rate, which is roughly half the combined couple rate. Your younger partner's un-drawn super stays exempt from both tests until they turn 67, and they get no Work Bonus on any wages because they are not a pensioner. Enter both dates of birth and this calculator applies all three rules, and shows you what changes on the day the younger partner turns 67.
What if I am just over the limit?
You may still qualify for the Commonwealth Seniors Health Card, which is income tested only, with no assets test. It is worth checking separately, and this calculator does that for you.
Does working stop my Age Pension?
Not necessarily. The Work Bonus disregards $300 a fortnight of employment income for each person actually receiving a pension, and this calculator applies it. It does not model the Work Bonus income bank, which lets unused amounts accumulate, so if you work irregularly the real figure may be better than what you see here.
