Age Pension with $2m in Super or Savings
How much Age Pension would you get with $2 million in financial assets? Single and couple, homeowner and non-homeowner — computed with the current income and assets tests, plus the full calculator preset to this amount.
Generally needs 10 years' residence (incl. 5 continuous); refugee and agreement-country exceptions may apply.
Must be 67 or older to qualify. You can submit a claim up to 13 weeks before reaching Age Pension age.
Enter 0 if you have none. Super, savings, shares and managed funds are subject to deeming.
If a partner is under 67, generally exclude their accumulation super unless it is already paying an assessable income stream.
Enter 0 if none. Includes car, contents, caravan and net value of assessable property; only asset-tied debts reduce it.
Enter 0 if you have none. Use annual gross employment or active self-employment income. The standard $300/fn Work Bonus applies to an eligible pensioner.
Enter the balance available at the start of this 26-fortnight estimate, up to $11,800. Actual use depends on when employment income is paid.
Enter 0 if none. Include rental income, foreign pensions and other assessable income. Do not repeat returns from financial assets already covered by deeming; special rules apply to grandfathered and defined-benefit income streams.
The Age Pension is taxable income, and so is the pension supplement basic amount — the former GST supplement, $30.10/fn — because it is taxed the same way as the pension it is paid with. The rest of the pension supplement is the tax exempt pension supplement, and the Energy Supplement is exempt as well. No means-test reduction applies, so these are the full component amounts. SAPTO and the tax-free threshold mean a full-rate pensioner with no other income still pays no tax. How Centrelink payments are taxed.
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Age Pension Estimate at $2 million
Every figure below comes from the same income and assets test engine as the full Age Pension calculator, assuming $2 million in total financial assets, no other assets, no employment or other income, and that the qualifying age of 67 and normal residence rules are met.
| Situation | Fortnightly | Annual | Limited by |
|---|---|---|---|
| Single, homeowner | $0.00 | $0 | assets test |
| Single, non-homeowner | $0.00 | $0 | assets test |
| Couple, homeowner (combined) | $0.00 | $0 | assets test |
| Couple, non-homeowner (combined) | $0.00 | $0 | assets test |
These figures exclude your principal home, car, contents and any other income — the embedded calculator below lets you add those for a personal estimate.
Age Pension at Other Asset Levels
See the single-homeowner estimate at every level from $200k to $2 million.
How much Age Pension will I get with $2 million in super?
Does having $2m in super stop me getting the Age Pension?
Is this based on total assets or just super?
Single vs couple — does $2m go further?
Planning to gift some of it away first? Check the gifting and deprivation rules or see every current Age Pension rate and threshold.
Tax Accuracy & Sources
This page estimates the Age Pension with $2 million in total financial assets, zero other assets, zero employment or other income, at the qualifying age with normal residence rules met — using the same income and assets test engine as the full Age Pension calculator. It excludes your principal home, car, contents, Work Bonus and Rent Assistance.