Age Pension · Income test

Age Pension Income Test & Work Bonus Calculator

Follow this fortnight’s income through deeming, the standard Work Bonus and your personal income bank to the normal pension result.

Current fortnight ledger$300 Work BonusPersonal bank balance

01 —THIS FORTNIGHT

Relationship status

For a couple, enter combined financial assets and other income, plus each person’s work income separately.

Financial assets

Used to calculate deemed income. Enter 0 if none.

Other assessable income /fortnight

Exclude investment returns already covered by deeming and exclude the Age Pension itself.

Your work income paid this fortnight

Employment income or eligible gainful self-employment involving personal exertion.

Your opening Work Bonus balance

Use your current Centrelink balance, from 0 to $11,800.

Payment-period model

The ledger applies the standard $300 concession, then uses or accrues the personal Work Bonus bank for this 14-day period.

02 —RESULTS

Awaiting input

Choose a household and enter every amount — use 0 where none

Complete the Age Pension picture

Assets Test Calculator Compare assessable assets with full and part-pension limits. Deeming Calculator Inspect the lower and upper deeming tiers in detail. Full Age Pension Calculator Run both means tests and basic eligibility together.

What this estimate includes

Models one 14-day instalment period instead of averaging the Work Bonus bank across a year.
Accrues unused standard Work Bonus or consumes the bank after the standard concession.
Applies deeming to combined financial assets before the pension income test.
Keeps each eligible couple member’s Work Bonus ledger separate.

Frequently asked questions

How much can I earn before Age Pension reduces?

Under the normal income test, a single person has a $226 fortnightly free area and a couple has $396 combined. Work Bonus can remove eligible work income before that comparison, while deemed and other assessable income use part of the free area.

How does the $300 Work Bonus work?

For an eligible pensioner, up to $300 of work income in a 14-day instalment period is excluded. If eligible work income is lower, the unused amount can increase the personal Work Bonus bank, subject to the cap.

What is the maximum Work Bonus balance?

The maximum personal Work Bonus income bank is $11,800. From 1 January 2024, a person commencing an eligible payment generally receives a $4,000 starting credit.

Can couples share a Work Bonus balance?

No. Work Bonus is personal. Each eligible pensioner has their own fortnightly concession and income bank, and unused balance cannot be transferred to a partner.

Does Work Bonus apply to investment or rental income?

No. It applies to employment income and eligible gainful self-employment involving personal exertion. Deemed investment income, passive rental income and superannuation payments are not sheltered by Work Bonus.

Is this my final Age Pension payment?

No. This page isolates the income test. Services Australia separately applies the assets test and generally pays the lower result, after checking formal eligibility and income attribution.

Tax Accuracy & Sources

Reviewed: 28 July 2026 · Tax year: Rates current at 1 July 2026

Normal Age Pension income-test illustration for one 14-day period. It excludes the assets test, transitional rates, Rent Assistance, overseas rates, dependent-child additions, detailed employment-income attribution and formal eligibility decisions.