Age Pension calculator| 2025–26 | |||
|---|---|---|---|
| Total income (TI) | Reduction in co‑contribution (R) | Maximum co‑contribution | Payment rate |
$0 – $47,488 |
Nil |
$500 |
Lesser of:
|
More than $47,488 but less than $62,488 |
(TI – $47,488) × 0.03333 |
$500 – R |
|
$62,488 + |
$500 |
Nil |
|
Total income (TI) = assessable income (disregarding any assessable FHSS released amount) + reportable fringe benefits + non-excessive reportable employer super contributions (e.g. salary sacrifice contributions) - business deductions (other than work-related employee expenses or personal super contributions).
To be eligible for a co-contribution, total super balance must be below $2 million on 30 June 2025.
To qualify for a co-contribution, at least 10% or more of a person’s ‘Total income 1’ for the income year must be attributable to employment (as employee for SG purposes) and / or self-employment where the person is carrying on a business.
See FirstTech Super guide for further information.