Disclaimer: Centrelink Age Pension calculations and deeming rates are educational simulations based on Services Australia 2026 rates. Contact Services Australia or a licensed Australian Financial Services (AFS) adviser for binding personal determinations.
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Centrelink Dual Means Test Rule (Assets Test vs. Income Test):

Services Australia evaluates your Age Pension entitlement using both the Assets Test and the Income Test. Centrelink pays you the LOWER of the two results. Your principal family home is 100% exempt from the Assets Test, and superannuation held by a spouse under Age Pension age (67) is fully exempt from both tests.

Australian Age Pension & Centrelink Means Test A$ Rates

Simulate fortnightly payments, taper rate reductions, deeming income thresholds, and Pension Concession Card eligibility.

Pension Parameters

Indexed to Services Australia
Assessable Assets Excludes primary home
$400,000

Super balance in pension phase, bank deposits, shares, managed funds.

$50,000

Investment properties (equity), vehicles, boats, contents ($10k standard).

Fortnightly Income & Earnings Work Bonus applies
$0

Services Australia grants a $300/fortnight Work Bonus exemption per person.

$0

Net rental property income, foreign pensions, or private business profits.

Estimated Centrelink Entitlement

Part Age Pension

PCC Concession Card Eligible
Fortnightly Payment

$784.50

($392.25 each / fn)
Annual Government Support

$20,397

100% Tax-Exempt / Offset
Governing Means Test

Assets Test Binds

Taper: -$3 / $1,000
1. Assets Test BINDING
Total Assessable Assets: $450,000
Full Pension Threshold: $470,000
Assets Test Cut-Off: $1,031,000
Assets Test Pension: $784.50 / fn
2. Income Test & Deeming NON-BINDING
Deemed Financial Income: $265.40 / fn
Assessable Work/Other: $0.00 / fn
Income Free Area: $372.00 / fn
Income Test Pension: $1,725.20 / fn

Age Pension Asset Taper Curve

-$3.00 per $1,000 over threshold
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