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FinToolbox — Financial Calculators & Tools for Australians

Age Pension Calculator (Australia)

Estimate eligibility and payments based on March 2026 rates.

Estimate your fortnightly Age Pension by applying both the income test and the assets test — the lower result is paid. Deeming is automatically applied to financial assets.

Settings reflect 20 March 2026 rates and thresholds.

New to the Age Pension? Read the explainer →

Household & home

Your assets

Total assessable assets: $300,000
Both fields are combined for the assets test. Only financial assets are deemed for the income test.

Your income

If eligible, the first $300 of each person’s employment income per fortnight is disregarded under the income test (simplified; carry-forward balances not modelled).
Income test result (pf)
$1,122
Assets test result (pf)
$1,201
Estimated pension (pf)
$1,122
Annual payment
$29,174
Deemed income (pf)
$76
Total assessable assets
$300,000

Assumptions & references

  • Max rates (20 March 2026): single $1,201, couple each $905 (combined $1,810).
  • Income test free areas: $218 (single), $380 (couple combined). Taper: 50c per $1 over free area (combined for couples).
  • Assets test limits & cut-offs as listed above; taper $3 per $1,000 per fortnight over the full-pension limit.
  • Deeming (20 March 2026): 1.25% to $64,200 (single) / $106,200 (couple combined), then 3.25%.
  • Work Bonus (simplified): if ticked, we disregard the first $300 of each eligible person’s employment income per fortnight before applying the income test. Carry-forward “Work Bonus balance” is not modelled.

This calculator is general information only. It does not consider your personal objectives, financial situation, or needs. Consider speaking with a qualified professional.