Age Pension Eligibility Calculator
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The Age Pension in Australia: How It Works
The Age Pension is available to Australians aged 67+ who meet residency and means-test requirements. It is means-tested against both income and assets — whichever test produces the lower pension is the one that applies.
Income Test
The first $204/fortnight (single) is excluded from the income test. Above this, the pension reduces by 50 cents for every dollar of additional income.
Assets Test
Assets below the lower threshold receive the full pension. Between the lower and upper thresholds, the pension reduces by $3 per fortnight for every $1,000 in additional assets. Above the upper threshold, no pension is payable.
What Counts as Assessable Assets?
- Financial investments (bank accounts, shares, managed funds)
- Investment properties
- Superannuation (for those over Age Pension age)
- Vehicles
- Your principal home does NOT count as an assessable asset
Estimates based on 2025-26 rates. Always verify your actual entitlement with Services Australia — 136 240 or servicesaustralia.gov.au.