Age Pension Calculator

To get age pension must be:

• born on or 23/08/1957
• 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 $212.00 (fortnightly)
• As a pensioner couple, the amount reduces by $0.50 for every additional dollar earned over $372.00 (fortnightly)

Asset test

Homeowner

• As a single pensioner, the amount reduces by $3 for every additional $1,000 assessable assets exceed $314,000.00
• As a pensioner couple, the amount reduces by $3 for every additional $1,000 assessable assets exceed $470,000.00

Non-homeowner

• As a single pensioner, the amount reduces by $3 for every additional $1,000 assessable assets exceed $621,750.00
• As a pensioner couple, the amount reduces by $3 for every additional $1,000 assessable assets exceed $966,500.00