Age Pension Australia
The Age Pension Australia pays eligible older Australians a fortnightly income from Services Australia. What you actually get depends on your age, your income and your assets — here’s how much, and how the two tests decide it.
Last updated: September 2026 · Services Australia — Age Pension rates · current from 20 March 2026
What is the Age Pension?
The Age Pension is Australia’s main retirement income-support payment. To get it you must be 67 or older, meet the residence rules, and pass both an income test and an assets test. If you’re under the free areas of both tests you receive the full rate; above them your pension tapers down until it cuts out. The full single rate is currently $1,200.90 a fortnight, including the pension and energy supplements.
The catch that surprises most people is that it’s not just about income — your assets matter just as much. Services Australia works out your pension under both tests and pays you the lower of the two results. Your family home doesn’t count as an asset, but almost everything else does, and financial assets like savings and shares are “deemed” to earn income whether they actually do or not. The calculator below runs both tests for you.
Age Pension 2026 Key Rates
| Maximum rate (per fortnight) | Single | Couple each |
|---|---|---|
| Maximum basic rate | $1,100.30 | $829.40 |
| Pension Supplement | $86.50 | $65.20 |
| Energy Supplement | $14.10 | $10.60 |
| Total | $1,200.90 | $905.20 |
Eligibility age is 67. The income-test free area is $226 a fortnight (single) or $396 combined (couple); the assets-test full-pension limit is $333,000 for a single homeowner. Rates and thresholds are adjusted by the Government on 20 March and 20 September — and the assets limits again in July.
What You’ll Find in This Section
- Age Pension Calculator: your income and assets in, your estimated fortnightly pension out — running both tests the way Services Australia does
- Rates & Thresholds Table: the full maximum rates, income-test tapers and assets-test limits for singles and couples
- How to Claim the Age Pension: when you can claim, the documents you need, and the step-by-step through myGov and Services Australia
- Complete guide: how the Age Pension works — deeming, the family-home exemption, and the traps that reduce a payment
In this section:
📋 Rates verified — Official source: Services Australia — How much Age Pension you can get
⚠️ This is general information, not financial, tax or legal advice. KnowMyGovt is an independent service with no affiliation with or endorsement by Services Australia, Centrelink or the Australian Government, and is not responsible for decisions you make based on it.
