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How much Age Pension will you get? Both means tests, worked out side by side.
Services Australia assesses your pension twice — once on what you own and once on what you earn — and pays whichever answer is lower. This calculator runs both, including the deeming rules that decide your assessed income, for singles and couples, homeowners and renters. Rates as at 1 July 2026.
Once you reach pension age your super counts as an asset, whether or not you have started a pension from it.
Everything outside super and outside your home. Bank accounts, term deposits, shares, ETFs.
Market value, not what you paid. These count towards the assets test but are not treated as earning anything.
Still working a little? The Work Bonus means the first $300 a fortnight of wages is not counted at all.
Rent from an investment property, an overseas pension, income from a business. Leave at zero if you have none.
That is a part Age Pension of $1,597 a fortnight, or 88% of the full rate of $47,070 a year.
Services Australia works out your pension under both tests and pays whichever comes out lower.
| Assets test$570,000 assessed, first $499,000 free | $41,532This is the one that applies |
| Income test$15,663 a year assessed, first $10,296 free | $44,387 |
All of it is deemed income of $15,663 a year. Your super, savings, shares and managed funds are assumed to earn a set rate — 1.25% on the first $110,600 and 3.25% above that — regardless of what they actually earned. Moving money to a lower-interest account does not reduce it.
Estimate only, using rates as at 1 July 2026. It assumes you have reached pension age (67) and meet the residency rules, and it does not model any Work Bonus balance you have accrued, gifting rules or a part-year claim. Only Services Australia can assess what you are entitled to.
This is the part a drawdown projection leaves out. The Age Pension is means tested, so every dollar you spend increases what you are entitled to. Below is your own situation at falling asset levels, holding everything else the same.
| Assessable assets | Age Pension a year | A fortnight | Share of the full rate |
|---|---|---|---|
| $570,000(today) | $41,532 | $1,597 | 88% |
| $552,250 | $42,917 | $1,651 | 91% |
| $534,500 | $44,301 | $1,704 | 94% |
| $516,750 | $45,222 | $1,739 | 96% |
| $499,000 | $45,500 | $1,750 | 97% |
| $0 | $47,070 | $1,810 | 100% |
At nil assets a couple receives the full rate of $47,070 a year. That is the floor under a retirement, and it is why running a super balance down is not the same as running out of income.
In development
A written answer to the question the calculators cannot settle: will our money last, once both partners' super, the Age Pension and the spending you actually want are all counted together.
It is not available yet. If it sounds useful, see what goes into it and leave your email — we will tell you once when it is ready and nothing else.
See what is in the reportBelow the lower limit your assets reduce your pension by nothing. Above it, the pension falls by $3 a fortnight for every $1,000 of assets, until it reaches nil at the cut-off. Your home is not counted either way.
| Your situation | Full pension up to | No pension from |
|---|---|---|
| Single, homeowner | $333,000 | $733,500 |
| Single, renting | $600,000 | $1,000,500 |
| Couple, homeowner | $499,000 | $1,102,500 |
| Couple, renting | $766,000 | $1,369,500 |
Couple figures are combined, not each. The cut-offs are calculated from the free areas, the taper rate and the maximum pension, so they always agree with the estimate above — and they match the disqualifying limits Services Australia publishes to the dollar. These thresholds took effect on 1 July 2026 and change again on 20 September 2026.
The income test lets a single earn $226 a fortnight and a couple $396 combined before the pension reduces. Past that it falls by 50 cents for every extra dollar.
The catch is that most retirees have very little income in the ordinary sense, and the test does not use their actual income anyway. Financial assets — super, bank accounts, term deposits, shares, managed funds — are deemed to earn a set rate: 1.25% on the first $66,800 for a single or $110,600 for a couple, and 3.25% on everything above. If your term deposit pays more than the deeming rate you keep the difference untouched by the test; if it pays less, you are still assessed on the deemed figure.
For most people with meaningful super the assets test is the one that binds, which is why the calculator shows both and names the one deciding your payment.
Each page works through one balance in detail: how long it lasts on the ASFA modest and comfortable budgets, what changes if you rent, and how the Age Pension fits in.
The Age Pension is a means-tested payment for Australian residents who have reached pension age, currently 67. The maximum rate is $31,223 a year for a single and $47,070 a year for a couple combined, including the pension and energy supplements.
Two tests decide what you actually receive. The assets test counts what you own apart from your home. The income test counts what you earn, plus a deemed return on your financial assets whether or not you earned it. Both are calculated and the lower result is paid, so improving one test does nothing if the other is the binding one.
Because both tests reduce as your wealth reduces, entitlement rises as you spend your savings. That is the single most misunderstood feature of retirement planning in Australia, and the reason a super balance projected to run out does not mean income stopping.
These figures are general information calculated from published Services Australia rates applied to the numbers you entered. They are not advice and not a decision about your entitlement. Residency requirements, gifting and deprivation rules, income streams bought before certain dates, business assets and Rent Assistance can all change the answer. Only Services Australia can assess a claim — start at servicesaustralia.gov.au or speak to a Financial Information Service officer, which is free.
Payment rates on this page took effect 20 March 2026; the means-test thresholds and deeming rules took effect 1 July 2026. Both change again on 20 September 2026. Last reconciled against the published figures on 30 July 2026.
ATO rates checked against official sources — verified 28 July 2026
Estimates only. Not financial or tax advice. Full disclaimer for your rights and our limitations of liability.
Rates and thresholds last updated for the 2026–27 financial year.
Retiring soon? See how long your super lasts alongside this estimate.