How much is the Age Pension? Current rates from 1 July 2026
The maximum Age Pension is $1,200.90 a fortnight for a single person and $1,810.40 combined for a couple. Here is what those figures include and when they change next.
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.
This article is a general guide to how the Age Pension is worked out and is not financial advice. Rates and thresholds are those current at the time of writing and change on 20 March, 1 July and 20 September. Your entitlement can only be determined by Services Australia; for decisions about your finances, contact their free Financial Information Service on 132 300 or a licensed financial adviser.
More from the resources hub
Selling your home, downsizing and the Age Pension
Your home is exempt from the assets test, so selling it can change your pension more than anything else. Here is how sale proceeds, the 24-month exemption, renting and downsizer contributions are treated.
What age can you get the Age Pension? Eligibility explained
Age Pension age is 67, with no legislated increase beyond that. Here are the age and residence rules, when you can claim, and how the income and assets tests then decide your rate.
Superannuation and the Age Pension: how your super is assessed
Accumulation accounts, account-based pensions, grandfathered pensions and defined benefit schemes are all assessed differently. Here is how each kind of super counts towards the assets and income tests.
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