What is the age pension?
A fortnightly government payment for people aged 67 or over whose income and assets are under set limits.
How much super and savings you hold, and how much you earn, decide whether you get a full payment, a part payment or none.
The rule
- Age Pension age is 67 or older. Services Australia says there are no plans to change this.
- From 20 September 2026 the most a single person gets is $1,237.70 a fortnight. A couple gets $933.00 each, which is $1,866 combined.
- Assets test, full pension: a single homeowner can hold up to $333,000 and a single person who is not a homeowner up to $600,000. For a couple, both people together, the limits are $499,000 and $766,000.
- Assets test, part pension cut off: a single homeowner $745,750 and a single non-homeowner $1,012,750. A couple together, $1,121,000 and $1,388,000. Over the cut off for your situation, the part pension stops.
- Income test, single person: the first $226 a fortnight does not reduce the pension. Over that, it falls by 50 cents for each dollar. At $2,701.40 a fortnight it reaches nothing.
- Income test, couple: the first $396 a fortnight of combined income does not reduce the pension. Over that, each person's pension falls by 25 cents for each dollar. At $4,128 combined it reaches nothing.
- Services Australia uses both the income test and the assets test to work out how much you get. The income test counts income from financial assets such as savings, shares and super by deeming.
What people ask
How much super can you have and still get the pension?
The rule from 20 September 2026 is a full pension up to $333,000 in assets for a single homeowner, and a part pension up to $745,750. For a single person who is not a homeowner it is $600,000 and $1,012,750. A couple's limits are for both people together.
How much is the age pension in Australia?
From 20 September 2026 the most is $1,237.70 a fortnight for a single person, and $933.00 each for a couple. Income and assets can lower it.
Does owning my home change the limit?
Yes. The limits are higher for someone who does not own their home. For a single person the full pension limit is $333,000 for a homeowner and $600,000 for a non-homeowner.
Does working affect the age pension?
Income from work counts in the income test. Services Australia says you must report it, even if it is under the cut off point. It also has a Work Bonus that can help you keep more of your pension while you work.
How fast does the pension fall as assets go up?
Between the full pension limit and the cut off the pension is reduced. The Services Australia page gives the two limits but not the rate, so this page does not draw a line between them.