Retirement · Income tax

Age Pension Work Income Tax Calculator

See the ATO tax side of combining Age Pension with paid work—separate from the Centrelink Work Bonus income test.

Pension + wagesSAPTOMedicare levy

Sets resident rates, LITO, SAPTO and Medicare thresholds.

Annual wages or self-employment income before tax.

Use the taxable amount on your Services Australia statement.

Estimated tax and Medicare$4,279
Taxable income$48,000
Income tax before offsets$4,920
LITO, WATO and SAPTO applied− $1,014
Medicare levy$373
After-tax taxable income$43,721
Indicative amount owing$4,279

Work Bonus can reduce employment income for the Centrelink income test, but it does not reduce taxable income in this ATO estimate.

Age Pension toolkit

Continue with the test that answers your next question

What this estimate includes

  • Combines taxable Age Pension, work and other taxable income.
  • Applies central tax-year resident rates plus LITO, WATO where active, SAPTO and senior Medicare thresholds.
  • Compares the result with tax already withheld.
  • Keeps the Work Bonus means test separate from taxable-income treatment.

Frequently asked questions

Is the Age Pension taxable?

Yes. The ATO lists Age Pension among taxable Australian Government pensions. Enter the taxable amount shown on your payment summary.

Does Work Bonus reduce my taxable income?

No. Work Bonus changes how Services Australia applies the Age Pension income test. It does not remove employment earnings from your ATO taxable income.

What is SAPTO?

The seniors and pensioners tax offset is a non-refundable tax offset for people who meet the ATO pension eligibility and rebate-income conditions.

Why can my actual tax differ?

Family Medicare thresholds, other offsets, private health cover, spouse-transfer rules, reportable income and withholding can change your final assessment.

Tax Accuracy & Sources

Reviewed: 10 August 2026 · Tax year: Selected income year

Resident individual estimate for taxable Age Pension and work income. Excludes MLS, spouse SAPTO transfers and payment-rate means testing.