Calculator
Combined Age Pension Estimator
Your Age Pension is the lower of the assets test result and the income test result. This estimator applies both — including deeming and the Work Bonus — to the maximum rate of $1,148.60 a fortnight single or $1,731.60 combined for a couple, as at 20 March 2025.
Your estimated fortnightly payment
Both means tests, deeming and the Work Bonus applied together. This is an estimate — confirm with Services Australia.
Estimated result
$1,148.60 per fortnight
You are estimated to receive the full pension. Roughly $2,489 a month, $29,864 a year.
- Maximum rate
- $1,148.60 per fortnight
- Assets test result
- $1,148.60 per fortnight
- Income test result
- $1,148.60 per fortnight
- Deemed income counted
- $107.32 per fortnight
- Total assessable income
- $107.32 per fortnight
Your answers are saved in this page's web address — copy the address bar to share or revisit this result.
This is an estimate based on the published rules and rates of Services Australia, correct as at 20 March 2025. Confirm your actual entitlement with Services Australia — your circumstances may include assessments this tool does not model.
Key facts at a glance
- Services Australia pays the lower result of the assets test and the income test.
- Maximum rates used: $1,148.60 single, $1,731.60 couple combined, per fortnight, as at 20 March 2025.
- Assets free area applied: $321,500 for a single homeowner, then $3 per fortnight per $1,000 over.
- Income free area applied: $212.00 a fortnight single, then 50 cents per dollar.
- Deeming applied at 0.25% and 2.25% on financial assets.
- Work Bonus applied: first $300 a fortnight of employment income excluded.
All figures correct as at 20 March 2025, sourced from Services Australia. Next indexation: 20 September 2026.
How the two tests are combined
| Step | What happens |
|---|---|
| 1. Assets test | Total assessable assets less the free area, reduced by $3 per fortnight per $1,000 |
| 2. Deeming | Financial assets converted into assumed income at the deeming rates |
| 3. Work Bonus | First $300 a fortnight of employment income excluded |
| 4. Income test | Assessable income less the free area, reduced by 50 cents per dollar |
| 5. Payment | The lower of the two results is paid |
Worked example: Sarah, single homeowner
Sarah has $260,000 of financial assets and $25,000 of other assets — $285,000 in total, below the $321,500 free area, so the assets test leaves her at the maximum.
Deemed income on her financial assets is roughly $174.00 a fortnight, below the $212.00 income free area, so the income test also leaves her at the maximum. Her estimate is the full $1,148.60 a fortnight.
What this estimator does not model
- Commonwealth Rent Assistance and other add-ons
- Your Work Bonus income bank balance
- Transitional rate pensions and couples separated by illness
- Residential aged care arrangements and special disability trusts
- Private trusts, private companies and pre-2015 income streams
For the detail behind each step, read the assets test guide, the income test guide and deeming rates explained.
Frequently asked questions
How is my Age Pension actually calculated?
Services Australia works out a rate under the assets test and a rate under the income test, then pays the lower of the two. The test producing the lower rate is called the binding test.
What does this estimator include?
Assets test free areas and the $3 per $1,000 taper, deeming on financial assets, the $300 Work Bonus on employment income, the income free area and the 50-cent taper, all at rates correct as at 20 March 2025.
What does it not include?
Rent Assistance, the Work Bonus income bank balance, transitional rate pensions, couples separated by illness, aged care arrangements, and special assessments for trusts, private companies and some income streams.
Should couples enter combined figures?
Yes. Enter combined assets and combined income; the result shown is the combined couple payment, normally split equally between partners.
Do I include my home?
No. Your principal home and up to two hectares of adjacent land are exempt from the assets test. Your homeowner status does change which free area applies.
Is the estimate binding on Services Australia?
No. This is an estimate for planning only — confirm your entitlement with Services Australia, which assesses your full circumstances.
Why is my estimate lower than I expected?
Usually because financial assets are counted twice: once in the assets test and again as deemed income in the income test. Check which test binds in the result panel.
Can I share or save my scenario?
Yes. Your inputs are stored in the page address, so copying the address bar keeps the exact scenario.
Researched and fact-checked by
researches Australian retirement and social security policy full time. Not a licensed financial adviser — every figure on this page is sourced from Services Australia or the Social Security Act 1991 (Cth).
Last reviewed: 15 September 2026
Figures as at: 20 March 2025
Next indexation: 20 September 2026
Change log: Reviewed 15 September 2026; all rates, free areas, deeming rates and the Work Bonus used by this estimator updated to Services Australia figures correct as at 20 March 2025. Next update at the 20 September 2026 indexation.