A Australian Age Pension Guide

Australia · Australian Age Pension (Centrelink)

Know exactly what the Age Pension will pay you — before you claim.

Worked-example guides to the Australian Age Pension — how much you'll get, the income and assets tests, and current Centrelink rates.

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Written by Margaret Chen, CFP (Australian retirement-income specialist) · figures verified against official Australia sources

34worked-example guides

$1,200.90max single rate / fortnight (20 Mar 2026)

2026-06-03figures last verified

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Five clusters that cover the whole Age Pension

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How much will I get

Worked examples of exactly what you'll be paid each fortnight — single, couple, homeowner or renter.

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Eligibility

The income test, assets test, deeming, residency, gifting and age rules that decide if — and how much — you qualify.

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Rates & supplements

Current 2026 rates, deeming rates, the Work Bonus, supplements, Rent Assistance and how indexation moves them.

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Super interaction

How super, account-based pensions, downsizing, reverse mortgages and death benefits change your Age Pension.

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Claiming & forms

The step-by-step claim process, myGov, the SA002 form, reviews and how to appeal a Centrelink decision.

Every guide

All 34 worked-example guides

💰 How much will I get

Age Pension Calculator 2026: See Your Exact Fortnightly Payment in 30 Seconds Single Homeowner Age Pension: 3 Worked Examples From $0 to the Full $1,200.90 Couple Homeowner Age Pension: What $600k in Assets Actually Pays You Each Fortnight Single Non-Homeowner Age Pension: Higher $579,500 Assets Limit Worked Through How Much Age Pension Will I Get at 67? A Day-One Retiree's Worked Example Part Age Pension: Exactly How $1 of Extra Income Cuts Your Payment by 50c Maximum Age Pension Rate 2026: The $1,200.90 Single Figure Broken Down to the Cent Age Pension vs Drawing Down Super: Which Funds a $50k Retirement Better?

✅ Eligibility

Age Pension Income Test: How $218/ft Free Area + 50c Taper Sets Your Payment Age Pension Assets Test 2026: The $3-per-$1,000 Taper Worked Through 4 Scenarios Assets Test for Couples: How $700k Splits Into a Part Pension Each Deeming Explained: How Centrelink Turns Your $200k Savings Into 'Income' Age Pension Residency: The 10-Year Rule and What Counts as 'Resident' Age Pension Age in 2026: It's 67 for Everyone — Here's the Birthdate Cutoff Gifting Rules: How Giving Kids $20k Affects Your Pension for 5 Years Granny Flat Interest and the Age Pension: The Reasonableness Test Worked Through

📊 Rates & supplements

Age Pension Deeming Rates from 20 March 2026: 1.25% and 3.25% Worked Examples Work Bonus: How a Pensioner Can Earn $300/ft Working Without Losing a Cent Pension Supplement: The Extra Amount Already Baked Into Your $1,200.90 Energy Supplement: The $14.10/ft Add-On and Who Still Qualifies Rent Assistance for Pensioners: How Much $400/week Rent Adds to Your Pension Age Pension Advance: Borrowing Against Your Own Pension — How Much and the Cost Age Pension Indexation: Why Your Payment Jumps Every March and September

🏦 Super interaction

Account-Based Pension and the Age Pension: How Centrelink Counts Your Super Income Super in Pension Phase: How $500k Counts in the Age Pension Assets Test Transition to Retirement and the Age Pension: Why a TTR Pension Hits Both Tests Downsizer Contribution and the Age Pension: The Trap That Cuts Your Payment Reverse Mortgage and the Age Pension: How Drawing Equity Affects Your Payment Inheriting a Super Death Benefit: How It Changes a Surviving Partner's Pension

📝 Claiming & forms

How to Claim the Age Pension: The 6-Step Process and What You Need Ready Claiming the Age Pension Online Through myGov: A Walkthrough With Screenshots The SA002 Age Pension Claim Form: Every Section Explained The Age Pension Review: Why Centrelink Reassesses You and How to Pass It Appealing a Centrelink Age Pension Decision: The 3-Tier Path and Timeframes