How much is the Age Pension? Current rates from 1 July 2026

The Age Pension is paid fortnightly, and the maximum rate depends on whether you are single or part of a couple. The figures below are the rates that apply from 1 July 2026 and are the same figures used by the estimators on this site.

Maximum rates from 1 July 2026

• Single: $1,200.90 a fortnight (about $31,223 a year)
• Couple, combined: $1,810.40 a fortnight (about $47,070 a year)

These amounts include the basic pension, the Pension Supplement and the Energy Supplement. Rent Assistance is paid on top for people who rent privately and is not included in these figures or in the estimators.

Who gets the maximum rate?

The maximum rate is paid when both of the means tests come in under their free areas. For a single homeowner that means assessable assets of $333,000 or less and assessable income of $226 a fortnight or less. Above those free areas the pension reduces gradually: by $3 a fortnight for every $1,000 of extra assets, and by 50 cents for every extra dollar of income. Whichever test produces the lower amount is the rate that is paid.

Many people receive a part pension rather than the full rate. A single homeowner can hold up to $733,500 in assessable assets and still receive something, and a couple who own their home up to $1,102,500.

When do the rates change?

Pension rates are indexed twice a year, on 20 March and 20 September, in line with movements in prices and wages. The assets and income thresholds are adjusted on 1 July. We review the estimators after each of these dates and show the edition of the rates in use at the top of every results page.

Check your own figure

The quickest way to see where you sit is to run your numbers through the simple estimator. It takes about two minutes and shows the working for both tests.