Age Pension calculator: will you get it, and how much?

There is no separate bank account limit - savings count towards your total assessable assets like anything else. A single homeowner can hold up to $333,000 in total assessable assets and still receive the full Age Pension, and up to $733,500 before the part pension cuts out entirely. For a homeowner couple those figures are $499,000 and $1,102,500 combined. Your home itself is exempt. Cash is also deemed under the income test, so a large balance can reduce your pension through that test even when the assets test is comfortable.

From 1 July 2026, the full pension assets free area is $333,000 for a single homeowner, $600,000 for a single non-homeowner, $499,000 for a homeowner couple combined and $766,000 for a non-homeowner couple. Above the free area the pension reduces by $3 a fortnight for every $1,000 of assets, until it reaches nil at the cut-off.

No. Your principal home is exempt from the assets test whatever it is worth, along with roughly two hectares of adjacent land on the same title. Being a homeowner does lower your assets free area, though: a single homeowner's free area is lower than a non-homeowner's, because the non-homeowner is assumed to be paying rent. Investment properties, holiday houses and land beyond the home are all fully assessable.

From 1 July 2026 financial assets are deemed to earn 1.25% on the first $66,800 for a single ($110,600 for a couple) and 3.25% on anything above that. Deeming applies whatever your money actually earns: if your term deposit pays less than the deemed rate you are assessed on the deemed figure anyway, and if it pays more you keep the extra without it counting. Super in the accumulation phase, bank accounts, shares and managed funds are all deemed.

The income free area is $226.00 a fortnight for a single and $396.00 combined for a couple. Above that the pension falls by 50 cents in the dollar. On top of that the Work Bonus excludes the first $300 a fortnight of employment income from the test entirely, and unused Work Bonus accrues in a bank up to $11,800, so seasonal or occasional work is treated far more generously than most people expect.

Both. Centrelink calculates your entitlement under each test separately and pays whichever result is lower. This matters more than it sounds: a strategy that improves your position under one test can be worthless under the other. Someone limited by the assets test gains nothing from restructuring investments to produce less income, and someone limited by the income test gains nothing from spending assets down. Knowing which test binds you is the first question worth answering, and it is what the calculator above shows.

67, for everyone born on or after 1 January 1957. That is separate from your super preservation age, which is 60 - so there is a seven-year window in which you can access super but not the Age Pension. You also need to satisfy the residency rules, generally 10 years of Australian residency with at least five of them continuous.

Look at the Commonwealth Seniors Health Card. It has no assets test at all and a much more generous income test, and it carries cheaper PBS prescriptions, bulk-billing incentives and various state concessions. A lot of self-funded retirees who are correctly told they get no pension are also quietly eligible for the card and never claim it.