| Date of birth | Age |
|---|---|
| (male and female) | |
Prior to 1 July 1952 |
65 |
1 July 1952 – 31 December 1953 |
65.5 |
1 January 1954 – 30 June 1955 |
66 |
1 July 1955 – 31 December 1956 |
66.5 |
1 January 1957 and later |
67 |
Pensions include Age Pension, Disability Support Pension, Carer Payment, DVA Age and Invalidity Service Pension.
For veterans, DVA Service Pension age for males and females is age 60.
For non-veteran spouses, DVA Service Pension age is the Centrelink Age Pension age.
| Single1 | Single1 pf | Single1 pa |
|---|---|---|
Basic rate |
$1,020.60 |
$26,535.60 |
Maximum pension supplement 2 |
$81.60 |
$2,121.60 |
Energy supplement |
$14.10 |
$366.60 |
Total |
$1,116.30 |
$29,023.80 |
| Couple | Couple (each) pf | Couple (each) pa |
|---|---|---|
Basic rate |
$769.30 |
$20,001.80 |
Maximum pension supplement 2 |
$61.50 |
$1,599.00 |
Energy supplement |
$10.60 |
$275.60 |
Total |
$841.40 |
$21,876.40 |
Amounts shown are for the period 1 Jul 2024 – 19 Sep 2024.
1 |
Applies to each member of an illness separated couple. |
2 |
Includes minimum pension supplement of $43.90 (singles) and $33.10 (couple each). |
| Assets test | For full pension | Cut-off limit |
|---|---|---|
Single homeowner |
$314,000 |
$686,250 |
Single non‑homeowner |
$566,000 |
$938,250 |
Couple homeowner (combined) |
$470,000 |
$1,031,000 |
Couple non‑homeowner (combined) |
$722,000 |
$1,283,000 |
Illness‑separated couple homeowner (combined) |
$470,000 |
$1,214,500 |
Illness‑separated couple non‑homeowner (combined) |
$722,000 |
$1,466,500 |
Amounts shown are for the period 1 Jul 2024 – 19 Sep 2024.
The lower asset threshold is indexed 1 July and asset cut-off limits are indexed 20 March, 1 July and 20 September.
Maximum pension reduced by $3pf for every $1,000 of assets over the lower threshold for a single person and $1.50pf for each member of a couple.
Cut-off limits are higher if client qualifies for rent assistance.
| Family situation | Fortnightly income for full pension | Cut-off limit |
|---|---|---|
Single |
Up to $212 |
Less than $2,444.60 |
Couple (combined) |
Up to $372 |
Less than $3,737.60 |
Couple, illness separated (combined) |
Up to $372 |
Less than $4,837.20 |
Amounts shown are for the period 1 Jul 2024 – 19 Sep 2024.
The lower income threshold is indexed every 1 July and income cut-off limits are indexed every 20 March, 1 July and 20 September.
Maximum pension reduced by 50 cents for every dollar over the lower threshold for a single person and 25 cents for every dollar for each member of a couple.
Cut-off limits are higher if client qualifies for rent assistance.
| Family situation | Max age pension in this asset range | Reduced age pension under income test in this asset range | Reduced age pension under assets test in this asset range |
|---|---|---|---|
| Single homeowners | $0 to $310,622 | $310,623 to $314,569 | $314,570 to $686,250 |
| Couple homeowners | $0 to $470,000 | N/A | $470,001 to $1,031,000 |
| Single non-homeowners | $0 to $310,622 | $310,623 to $609,041 | $609,042 to $938,250 |
| Couple non-homeowners | $0 to $532,133 | $532,134 to $754,000 | $754,001 to $1,283,000 |
Thresholds shown are for the period 1 Jul 2024 – 19 Sep 2024.
This table demonstrates whether an individual will receive the maximum rate of age pension, or a reduced pension under either the income or assets test based on their level of assessable assets. It assumes $10,000 in non-income producing assets and the remainder subject to deeming. Note, using different assumptions will provide different results.
Age Pension calculator