What age do you need to be to get the Age Pension in Australia?

You must be at least 67 years old to qualify for the Age Pension in Australia. You also need to be an Australian resident and have lived in Australia for at least 10 years, with at least 5 of those years being continuous.

How much is the maximum Age Pension in 2026?

From March 2026, the maximum Age Pension is $1,144.40 per fortnight ($29,754.40 per year) for a single person, or $1,725.20 per fortnight ($44,855.20 per year) for a couple combined. These base rates are supplemented by the Pension Supplement and Energy Supplement.

What assets are included in the Age Pension assets test?

Assessable assets include bank accounts, shares, superannuation balances (if you are over Age Pension age), managed funds, investment properties, vehicles, boats, caravans, and other valuable personal items. Your principal home (the home you live in) is excluded from the assets test, though whether you own your home affects which threshold applies.

What is deeming and how does it affect my Age Pension?

Deeming is a method Services Australia uses to estimate the income from your financial assets, regardless of what they actually earn. The first $62,600 (single) or $103,800 (couple) of financial assets is deemed to earn 0.25% per year. Anything above those thresholds is deemed at 2.25% per year. This deemed income is used in the income test to determine your pension rate.

Can I get the Age Pension if I own my home?

Yes, owning your home does not disqualify you from the Age Pension. Your principal home is excluded from the assets test. However, homeowners have lower assets test thresholds than non-homeowners. For example, a single homeowner can have up to $314,000 in other assets and still receive the full pension, while a non-homeowner's threshold is $543,000.

Age Pension Calculator

Calculate your estimated Australian Age Pension for 2026. Enter your assets and income to see how much you could receive per fortnight after both the income test and assets test.

Last verified: 20 March 2026

How much is the Age Pension in Australia in 2026?

From March 2026 the maximum Age Pension is $1,144.40/fortnight ($29,754/year) for a single and $1,725.20/fortnight ($44,855/year) for a couple combined, including supplements. Age 67+ and 10 years' residence required. The income test reduces the single rate by 50c per $1 above $212/ft; the assets test reduces it by $3/ft per $1,000 above $314,000 (single homeowner) or $543,000 (non homeowner). The lower of the two tests applies. Source: Services Australia.

Worked example. Single homeowner, age 68, $400,000 in super + $50,000 in bank = $450,000 assessable assets. Assets test: ($450,000 − $314,000) × $3 / $1,000 = $408/ft reduction → pension ~$736/ft. Deemed income from $450,000 financial assets ≈ $165/ft, under the $212/ft threshold → income test pays full rate. The lower result wins → ~$736/ft (~$19,130/year) plus Pensioner Concession Card.

General information and estimates only — not financial, tax, or legal advice. Always verify with a licensed adviser or the ATO.

From the Mate Network

Detailed Age Pension Calculator →

Get a comprehensive pension estimate with deeming rates, supplements, and work bonus.

Seniors Health Card →

Check if you qualify for a Commonwealth Seniors Health Card worth $2,000+/year.

Age Pension Calculator

How much is the Age Pension in Australia in 2026?

Related reading

Related Tools

From the Mate Network