Centrelink Age Pension (Income & Assets Test) Calculator
Determine Age Pension eligibility and payment rates applying the Centrelink Income Test, Assets Test, and deeming rules on financial investments.
Determine Age Pension eligibility and payment rates applying the Centrelink Income Test, Assets Test, and deeming rules on financial investments.
Determine Age Pension eligibility and payment rates applying the Centrelink Income Test, Assets Test, and deeming rules on financial investments. Calculate exact, penny-accurate projections compliant with 2026 ATO • Reserve Bank of Australia (RBA) standards using Calconova's deterministic IEEE-754 (Decimal.js) calculation engine with instant breakdowns.
Annual Pension Income: $29,754.00/year
Payable Pension = min(Pension via Income Test, Pension via Assets Test)Centrelink pays the lowest amount determined by the income test and assets test.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual ATO tax rates, superannuation rules, RBA cash rates, and lender criteria may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult an ASIC-licensed financial advisor or CPA prior to executing financial commitments.
The Age Pension qualifying age for both men and women is 67 years old.
No. Your primary place of residence (principal home) and up to 2 hectares of surrounding land are completely exempt from the Centrelink Assets Test.
Centrelink uses deeming rates (0.25% and 2.25%) to assume a rate of income earned from financial assets (bank accounts, shares, super in pension phase) regardless of the actual return received.
Calculate net take-home pay across weekly, fortnightly, monthly and annual periods with updated Stage 3 tax cuts, Medicare Levy (2%), and 12% Superannuation.
Calculate compulsory HECS/HELP repayments based on your Repayment Income (1% to 10% tiers) and estimate annual inflation indexation impacts.
Estimate your 2% Medicare Levy, low-income threshold phase-in relief, and Medicare Levy Surcharge (MLS 1% to 1.5%) if you do not have private hospital cover.