Resources
Plain-English guides to the Age Pension: rates, the assets and income tests, deeming, super and what happens when your circumstances change.
- All articles
- Assets test
- Eligibility
- Income test & deeming
- Rates & indexation
- Superannuation
- Your home & life events
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.
Does an inheritance affect your Age Pension?
An inheritance is not income, but it counts as an asset from the day you receive it and is deemed to earn income. Here is how it affects a full or part pension, what happens with an inherited house, and the gifting rules.
The Age Pension income test explained
The income test reduces your Age Pension by 50 cents for every dollar of assessable income above a free area of $226 a fortnight for singles. Here is what counts as income, how deeming fits in and what the Work Bonus does.
Deeming explained: how Centrelink assumes your savings earn income
Deeming assumes your savings, shares and super earn a set rate of income, 1.25% up to a threshold and 3.25% above it, regardless of what they actually return. Here is how it works.
The Age Pension assets test explained
Everything you own except your home is added up and compared with a free area. Here is what counts, what is exempt, and the 1 July 2026 thresholds for homeowners and non-homeowners.
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.
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