Age Pension Rates & Thresholds
One current reference for maximum payments, income and assets tests, deeming and Work Bonus — with each effective date made explicit.
Estimate your Age Pension
Enter your assets to see the fortnightly rate after the income and assets tests, using the figures on this page.
Enter 0 if none. Financial assets are deemed.
Leave blank for none. Your home is excluded.
Assumes you are at Age Pension age (67+), meet the residence rules and have no other income.
Enter your financial assets to see your estimate
Maximum payment rates
| Payment component | Per fortnight |
|---|---|
| Single — maximum basic rate | $1,135.40 |
| Single — Pension Supplement | $88.20 |
| Single — Energy Supplement | $14.10 |
| Single — maximum total | $1,237.70 |
| Couple — maximum basic rate Each eligible partner | $855.90 |
| Couple — Pension Supplement Each eligible partner | $66.50 |
| Couple — Energy Supplement Each eligible partner | $10.60 |
| Couple — maximum total Each eligible partner | $933.00 |
Rates effective 20 September 2026. Normal Australian resident rates. Illness-separated eligible partners may each receive the single rate.
Income test
| Normal income test | Current setting |
|---|---|
| Single — normal income free area | $226 /fn |
| Single — reduction above free area | 50c per $1 |
| Single — normal income cut-off | $2,701.40 /fn |
| Couple — normal income free area | $396 /fn combined |
| Couple — reduction above free area | 25c each per $1 |
| Couple — normal income cut-off | $4,128.00 /fn combined |
Rates effective 1 July 2026 (cut-offs move with the 20 September 2026 payment rates). Cut-offs can be higher with Work Bonus or Rent Assistance. Transitional-rate pensioners use different tapers and cut-offs.
Assets thresholds and cut-offs
| Assets-test position | Current limit |
|---|---|
| Single homeowner — full-rate threshold | $333,000 |
| Single non-homeowner — full-rate threshold | $600,000 |
| Single homeowner — part-pension cut-off | $745,750 |
| Single non-homeowner — part-pension cut-off | $1,012,750 |
| Couple homeowner — full-rate threshold Combined | $499,000 |
| Couple non-homeowner — full-rate threshold Combined | $766,000 |
| Couple homeowner — part-pension cut-off Combined | $1,121,000 |
| Couple non-homeowner — part-pension cut-off Combined | $1,388,000 |
| Illness-separated homeowner — cut-off Combined | $1,324,500 |
| Illness-separated non-homeowner — cut-off Combined | $1,591,500 |
Rates effective 1 July 2026 (part-pension cut-offs from 20 September 2026). Above the full-rate threshold, the normal combined pension reduces by $3.00 per fortnight for each $1,000. Rent Assistance can raise the cut-off.
Deeming and Work Bonus
| Deeming | Current setting |
|---|---|
| Single lower-rate threshold | $66,800 |
| Pension couple lower-rate threshold | $110,600 combined |
| Lower deeming rate | 1.75% p.a. |
| Upper deeming rate | 3.75% p.a. |
Rates effective 20 September 2026 (thresholds from 1 July 2026). Amounts shown are maximum basic rates before means testing.
- Standard concession
- $300 /fn
- Personal bank maximum
- $11,800
- General starting credit
- $4,000
Work Bonus applies to eligible employment and gainful self-employment income, not deemed investment or passive rental income.
Indexation history
Payment rates are reviewed on 20 March and 20 September; assets and deeming thresholds are reviewed on 1 July. This table is generated from the same central config as every figure above — a new indexation is one appended row, not an edit to the numbers on this page.
| Effective | What changed | Single max | Couple each max | Single homeowner threshold | Couple homeowner threshold |
|---|---|---|---|---|---|
| 20 March 2026 | Payment rates | $1,200.90/fn | $905.20/fn | — | — |
| 1 July 2026 | Means-test thresholds | — | — | $333,000 | $499,000 |
| 20 September 2026 | Payment rates | $1,237.70/fn | $933.00/fn | — | — |
| 20 March 2027 | Payment rates | — | — | — | — |
20 March 2027: Next indexation. DSS publishes updated rates shortly before this date — append the row here once announced, sourced from the new "Social Security Payment Parameters" rates list.
Want every Centrelink indexation date in one place, not just the Age Pension? See Centrelink Payment Changes for the full 20 March / 1 July / 20 September / 1 January calendar.
Calculate your position
Frequently asked questions
How much is the Age Pension in 2026?
When do Age Pension rates change?
What are the 2026 Age Pension assets limits?
What are the Work Bonus limits?
Do these tables guarantee eligibility?
Tax Accuracy & Sources
Reviewed: 18 October 2026 · Tax year: 2026 current rates
Normal Australian resident Age Pension rates and means-test reference. Transitional, overseas, Rent Assistance, dependent-child and special-case settings are excluded.