Age Pension Calculator
Australia 2026
Estimate your Age Pension under both means tests — including deeming — on today's rates or the 20 September 2026 rates. Services Australia pays the lower result; this shows which test binds, and what September actually changes for you.
Read the full answer — method, rates and figures
Quick answer: The maximum Age Pension (20 March 2026 – 19 September 2026, including Pension and Energy Supplements) is $1,200.90 a fortnight for a single person and $1,810.40 combined for a couple. On 20 September 2026 those maximums rise by $36.80 (single) and $55.60 (couple combined) to $1,237.70 and $1,866.00 — the largest increase since March 2023, because indexation takes the higher of CPI (~2.0%) and the PBLCI (3.2%) for the six months to June 2026.
The Government confirmed these figures on 20 August 2026, together with a separate rise in the deeming rates from 1.25%/3.25% to 1.75%/3.75%, also from 20 September 2026. The two decisions pull in opposite directions for part-pensioners: deeming counts only in the income test, so an income-test-bound single with more than about $382,700 in financial assets (or a couple above about $578,200) loses more to the deeming rise than the indexation gives back.
Services Australia applies two means tests and pays the LOWER result. Income test (from 1 July 2026): free area $226/fortnight single, $396 couple; the pension reduces 50c per $1 above, cutting out at $2,627.80 single and $4,016.80 couple.
Assets test: full pension up to $333,000 (single homeowner), $600,000 (single non-homeowner), $499,000 (couple homeowner), $766,000 (couple non-homeowner); it falls $3/fortnight per $1,000 above, cutting out at $733,500 / $1,000,500 / $1,102,500 / $1,369,500 respectively. Financial assets are "deemed" to earn 1.25% up to $66,800 single ($110,600 couple) and 3.25% above until 19 September 2026, then 1.75% and 3.75%; the thresholds are unchanged.
You must be 67+ and meet residency rules. Source: Services Australia and Department of Social Services payment rates, and the 20 August 2026 announcement of the 20 September 2026 rates.
Current rates (20 Mar – 19 Sep 2026): max $1,200.90/ft, deeming 1.25% / 3.25%.
Your family home is exempt from the assets test. Non-homeowners get a higher threshold ($267,000 more).
Bank, term deposits, shares, managed funds, account-based pensions. Deemed to earn 1.25% then 3.25%.
Investment property, cars, caravan, boat, contents at second-hand value, business assets. NOT your family home.
Wages, rent, foreign pension. Employment income may get the $300/ft Work Bonus (not applied here — your real entitlement may be a little higher).
Estimated pension
$1,183.34
per fortnight
Annual pension
$30,767
≈ $1,183.34 × 26
Share of max rate
99%
of $1,200.90/ft max
Binding test
Income
the lower result
How the two tests compare on your numbers
- • Income test → deemed income $6,789/yr ($261.12/ft) + other income $0.00/ft = $261.12/ft; free area $226.00/ft; reduction $17.56/ft → $1,183.34/ft
- • Assets test → assessable assets $300,000; threshold $333,000; reduction $0.00/ft → $1,200.90/ft
- • You are paid the lower: $1,183.34/ft — the income test binds.
- • Assets cut-off for your situation: $733,500. Below this, a part-pension is possible on the assets test.
⚠ To lift a pension that’s reduced by the assets test, the lever is lowering assessable assets (e.g. home improvements to your exempt home, gifting within limits); if the income test binds, the lever is lowering deemed/other income. Managing the non-binding test does nothing.
What changes for you on 20 September 2026
Now
$1,183.34
From 20 Sep
$1,196.10
Your change
+$12.76
- • Headline rise → the maximum rate goes up $36.80/ft (single).
- • Deeming rise → your deemed income goes from $6,789/yr to $8,039/yr, because the rates lift to 1.75% / 3.75%.
- • The income test binds for you, so the deeming rise claws back $24.04/ft of the $36.80 increase — leaving you $12.76/ft better off.
Why the two decisions can cancel: deeming counts only in the income test. A 0.5pp rise on both tiers adds 0.5% of your financial assets to assessable income each year, and the 50c taper halves it — about $24.04/ft on your $250,000. An income-test-bound single needs roughly $382,720 in financial assets before the deeming rise swallows the whole $36.80; above that, the September package leaves you worse off.
Age Pension rates and thresholds — now vs 20 September 2026
| Measure | Single | Couple (combined) |
|---|---|---|
| Max payment / fortnight — now | $1,200.90 | $1,810.40 |
| Max payment / fortnight — 20 Sep | $1,237.70 | $1,866.00 |
| Deeming rates — now | 1.25% / 3.25% | |
| Deeming rates — 20 Sep | 1.75% / 3.75% | |
| Deeming lower-rate threshold | $66,800 | $110,600 |
| Income free area / ft | $226 | $396 |
| Income cut-off / ft — now | $2,627.80 | $4,016.80 |
| Income cut-off / ft — 20 Sep (derived) | $2,701.40 | $4,128.00 |
| Assets threshold — homeowner | $333,000 | $499,000 |
| Assets threshold — non-homeowner | $600,000 | $766,000 |
| Assets cut-off — homeowner, now | $733,500 | $1,102,500 |
| Assets cut-off — homeowner, 20 Sep (derived) | $745,750 | $1,121,000 |
| Assets cut-off — non-homeowner, now | $1,000,500 | $1,369,500 |
| Assets cut-off — non-homeowner, 20 Sep (derived) | $1,012,750 | $1,388,000 |
Income taper 50c/$; assets taper $3/ft per $1,000. Free areas and all thresholds indexed 1 July 2026 and are not changed by the September decision. Rows marked derived are computed from the announced maximum rate and the published taper — the same arithmetic reproduces all four published “now” cut-offs exactly — and are superseded by the official figures Services Australia publishes for the new period.
Confirmed 20 August 2026 — two changes land on 20 September, and they pull opposite ways
The Government confirmed the September package on 20 August 2026. Maximum rates rise $36.80 a fortnight for singles and $55.60 for couples combined — bigger than headline inflation because indexation uses the higher of the CPI and the Pensioner and Beneficiary Living Cost Index (PBLCI), and the PBLCI ran at 3.2% against a CPI of about 2.0% for the six months to June 2026. At the same time the deeming rates rise 0.5 percentage points each, to 1.75% and 3.75% — the first move since 20 March 2026. Deeming feeds the income test only, so part-pensioners assessed under the income test lose part of the rise, and those with large financial balances can end up worse off. Use the toggle at the top of the calculator to see your own figure on both bases.
| Maximum rate / fortnight | Single | Couple (combined) |
|---|---|---|
| Now (20 Mar – 19 Sep 2026) | $1,200.90 | $1,810.40 |
| Confirmed rise | +$36.80 | +$55.60 |
| From 20 Sep 2026 | $1,237.70 | $1,866.00 |
| Deeming rates (lower / upper) | 1.25% / 3.25% → 1.75% / 3.75% | |
Announced by the Minister for Social Services on 20 August 2026, covering more than 5.3 million income-support recipients. National Seniors Australia had forecast the same maximum rates on 7 August 2026 from published ABS data, and the announced figures match that forecast exactly. The deeming decision was the part that could not be forecast. Assets and income thresholds are unchanged — they indexed on 1 July 2026 and next move on 1 July 2027.
How much Age Pension will I get?
The most you can receive is $1,200.90 a fortnight as a single person or $1,810.40 combined as a couple (20 March 2026 – 19 September 2026, including the Pension and Energy Supplements). What you actually get depends on two means tests: the income test and the assets test. Services Australia works out your entitlement under each and pays whichever produces the lower figure. A single homeowner with, say, $250,000 in super and savings, a modest car and no other income comfortably passes both tests and receives close to the full rate; the same person with $700,000 in assessable assets would be reduced heavily by the assets test and could receive only a small part-pension. There is no cliff at the free areas — the pension tapers down smoothly and only reaches zero at the cut-off points ($733,500 in assets for a single homeowner, for example).
How much Age Pension will I get with $500,000 in assets?
A single homeowner with $500,000 in super and savings and no other income receives a part pension of about $699.90 a fortnight under the assets test. The table below runs the same two tests across a range of balances, on the basis selected above, so you can find the row nearest your own position. It assumes a homeowner whose assets are all financial (super plus savings), with no employment, rental or other income — the family home is exempt and is not included.
| Assessable assets | Per fortnight | Per year | What binds it |
|---|---|---|---|
| $200,000 | $1,200.90 | $31,223 | Full rate — neither test reduces it |
| $300,000 | $1,152.09 | $29,954 | Income test (via deeming) |
| $400,000 | $999.90 | $25,997 | Assets test |
| $500,000 | $699.90 | $18,197 | Assets test |
| $600,000 | $399.90 | $10,397 | Assets test |
| $700,000 | $99.90 | $2,597 | Assets test |
Two things the table makes visible that a single figure cannot. First, which test binds changes as you move down the rows — at lower balances the income test governs, because deemed income passes the free area while assets are still under the threshold, and the assets test takes over above it. Second, the pension does not stop abruptly: it tapers to zero at the cut-off, which is $733,500 of assessable assets for a single homeowner on the 1 July 2026 figures. Every row is calculated by the same code as the calculator above, on the basis you have selected.
How much will the Age Pension go up in September 2026?
The maximum rate rises $36.80 a fortnight for singles and $55.60 for couples combined from 20 September 2026, lifting the maximums to $1,237.70 and $1,866.00 — the largest rise since March 2023. The Government confirmed those figures on 20 August 2026; they are no longer a forecast. The rise is larger than headline inflation because Age Pension maximum rates are indexed to the higher of the CPI and the Pensioner and Beneficiary Living Cost Index, then benchmarked against male total average weekly earnings. For the six months to June 2026 the CPI sat at roughly 2.0% while the PBLCI reached 3.2%, so the PBLCI governs and the increase is close to a third larger than a CPI-only reading implies. The PBLCI is a pensioner-specific basket, which is why it diverged: its biggest price movements were health (7.08%), housing (5.86%) and insurance and financial services (5.57%), and after weighting housing was the largest single contributor. The caveat that matters more than any of this: indexation lifts the maximum rate, not necessarily your payment. The same announcement raised the deeming rates, which feed the income test, so a part-pensioner assessed under the income test receives less than the headline figure and can receive less than they do today. Only pensioners on the full rate, or reduced by the assets test, keep the whole increase.
Will the September 2026 deeming rise cancel out my pension increase?
For some pensioners, yes — and for a minority it more than cancels out. On 20 September 2026 the deeming rates rise from 1.25% and 3.25% to 1.75% and 3.75%, the first change since 20 March 2026 and the second rise in six months. Deeming is used only in the income test, so the effect depends entirely on which test binds your payment. If you receive the full pension, or your payment is reduced by the assets test, deeming is irrelevant to you and the full $36.80 or $55.60 arrives. If the income test binds, the higher rates add 0.5% of your financial assets to your assessable income each year, and the 50-cent taper removes half of that from your pension — roughly 0.5% of your financial balance divided by 52, per fortnight. Set that against the headline rise and you get a break-even: an income-test-bound single needs about $382,700 in financial assets, and a couple about $578,200, before the deeming increase swallows the whole indexation rise. Above those balances the September package leaves you with a smaller fortnightly payment than you receive today. This is why a national headline of “the largest rise since 2023” and a retiree seeing their payment fall are both true at once, and it is the reason this calculator runs both bases rather than quoting the increase.
Income test or assets test — which one decides my pension?
Both are calculated, and the one that gives the smaller payment is the one that applies to you. As a rough guide, retirees with large asset balances but little actual income (a common situation, because super drawdowns and deemed returns are modest) are usually caught by the assets test, while those with significant employment, rental or overseas-pension income are more often caught by the income test. Knowing which test binds is the single most useful output of this calculator, because it tells you which lever moves your pension. If the assets test binds, spending down or restructuring assessable assets (for instance, renovating your exempt family home, or gifting within the $10,000-a-year / $30,000-over-five-years limits) can lift the pension; reducing income would do nothing. If the income test binds, the reverse is true. Managing the test that isn’t binding wastes effort.
How does deeming work on my savings and super?
Centrelink does not look at the real interest or dividends your money earns. Instead it “deems” your financial assets to earn a fixed rate and counts that as income. The first $66,800 of a single person’s financial assets (or $110,600 combined for a couple) is deemed to earn the lower rate and anything above that the upper rate. Until 19 September 2026 those rates are 1.25% and 3.25%; from 20 September 2026 they are 1.75% and 3.75%. The thresholds are unchanged by that decision — they indexed on 1 July 2026 and next move on 1 July 2027. Financial assets include bank accounts, term deposits, shares, managed funds and account-based (allocated) pensions — but not your home, your car or your household contents, which are assessed only under the assets test. Deeming can work for or against you: a term deposit paying 4.5% still counts as though it earned 3.75%, so the extra return is free of the income test; a share portfolio yielding 2% is still deemed at up to 3.75%, so you’re assessed on income you didn’t receive. The rates were frozen through the low-rate years and have now risen twice in six months — to 1.25% / 3.25% on 20 March 2026, and to 1.75% / 3.75% on 20 September 2026. They are a ministerial decision rather than an automatic indexation, so they can move at any time; check the current figures before relying on a projection.
Assumptions and simplifications in this calculator
Labelled so you can judge the output: (1) It assumes you already meet the age (67+) and residency requirements — it estimates only the means-test outcome. (2) It does not apply the Work Bonus ($300/fortnight of employment income exempt, plus an income bank up to $11,800), so if you have wages your real entitlement may be a little higher — enter employment income in the “other income” field and add back up to $300/ft of headroom yourself. (3) Deemed income is converted to a fortnightly figure by dividing the annual amount by 26. (4) It uses the standard rates; it does not model the Transitional Rate (a small group of pre-2009 pensioners), Rent Assistance, blind pension or other supplements, or the special rules for account-based pensions started before 1 January 2015. (5) For couples it treats you as both of Age Pension age receiving the combined couple rate; the “illness-separated” and “one partner eligible” variations differ. Always confirm your actual entitlement with Services Australia, whose assessment is authoritative.
Related tools
- Retirement calculator — project the super and savings you’ll retire with, which drive these means tests.
- Super drawdown calculator — how long your balance lasts alongside the Age Pension.
- Age Pension & CGT exemption guide — the capital-gains rules when you sell assets in retirement.
- Super calculator — build the balance that these tests will assess.
Sources
- Services Australia — Age Pension: how much you can get; income test; assets test; deeming rates (servicesaustralia.gov.au).
- Department of Social Services — Guide to Social Security Law, payment rates from 20 March 2026.
- Minister for Social Services — “Changes to social security payments from September 20”, media release, 20 August 2026: maximum rates +$36.80/ft single and +$55.60/ft couple combined, and deeming rates to 1.75% / 3.75%, both from 20 September 2026, covering over 5.3 million recipients.
- Maximum rates for 20 March 2026 – 19 September 2026; income, assets and deeming thresholds indexed 1 July 2026 and unchanged by the September decision.
- National Seniors Australia — September 2026 pension indexation forecast, published 7 August 2026 (nationalseniors.com.au). Superseded by the 20 August 2026 announcement, which matched it on the maximum rates.
- Australian Bureau of Statistics — Selected Living Cost Indexes, Australia (PBLCI) and Consumer Price Index, six months to June 2026.
Last updated: 20 August 2026 — the day the Government confirmed the 20 September 2026 payment rates and deeming rates.
This calculator is general educational information only — it is not financial, tax or Centrelink advice and does not consider your personal circumstances. Age Pension entitlements depend on your full situation and current legislated rates, which change every March, July and September. Confirm your actual entitlement with Services Australia and consider advice from a licensed financial adviser or a Services Australia Financial Information Service officer before acting.
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Last reviewed 5 September 2026 by the Richify AI editorial team.
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The Age Pension is means-tested through two separate tests, and Services Australia pays whichever produces the lower payment:
- Income test — a single pensioner can earn up to $226 a fortnight ($396 combined for a couple) before the pension reduces by 50c per extra dollar. Income from financial assets is counted via deeming, not actual returns.
- Assets test — a single homeowner keeps the full pension up to $333,000 in assessable assets ($499,000 for a couple); above that it falls by $3 a fortnight per $1,000 of extra assets. Your family home is exempt.
- Whichever is lower wins — if the assets test gives $700/ft and the income test gives $900/ft, you receive $700/ft. The binding test is the one to manage.
- Deeming — financial assets are deemed to earn a set rate up to $66,800 single ($110,600 couple) and a higher rate above, regardless of what they actually return. The rates are 1.25% / 3.25% until 19 September 2026 and 1.75% / 3.75% from 20 September 2026.
Maximum rates are indexed on 20 March and 20 September; income, assets and deeming thresholds on 1 July. Deeming rates are a separate ministerial decision and can move at any time — they were last changed on 20 March 2026 and change again on 20 September 2026. You must also be 67+ and meet residency rules. Sources: Services Australia (Age Pension income test, assets test, deeming); Department of Social Services payment rates from 20 March 2026, and the 20 August 2026 announcement of the 20 September 2026 rates.
How to use this calculator
- Choose whether you're single or a member of a couple. For couples, enter combined figures throughout — the thresholds and maximum rate below are already the combined-couple amounts.
- Tell the calculator whether you own your home. Homeowners have lower asset thresholds because the home itself is exempt; non-homeowners get roughly $267,000 more headroom.
- Enter your financial assets — bank accounts, term deposits, shares, managed funds and account-based pensions. These are 'deemed' to earn income (1.25% then 3.25% now, 1.75% then 3.75% from 20 September 2026), which feeds the income test.
- Enter your other assessable assets — investment property, second car, caravan, boat, household contents at second-hand value, business assets. Your family home is NOT included.
- Add any other income per year — wages, rent or a foreign pension. Employment income may qualify for the $300/fortnight Work Bonus, which this calculator does not apply, so your real entitlement could be a little higher.
- Read the result: the calculator runs both the income test and the assets test, shows which one binds, and reports your estimated fortnightly and annual Age Pension.
- Switch the 'Rates to use' toggle between today's rates and the 20 September 2026 rates. The panel below the result shows your net change — the maximum-rate rise minus whatever the higher deeming rates take back.
❓ Frequently Asked Questions
How much is the Age Pension in 2026?
The maximum single Age Pension is $1,200.90 a fortnight (about $31,223 a year) and the maximum for a couple is $1,810.40 combined a fortnight (about $47,070 a year), both including the Pension Supplement and Energy Supplement, for the period 20 March 2026 to 19 September 2026. These maximum rates are indexed twice a year — on 20 March and 20 September — against CPI and a pensioner cost-of-living benchmark, so the next adjustment lands on 20 September 2026 and — confirmed by the Government on 20 August 2026 — adds $36.80 a fortnight for singles and $55.60 for couples combined, taking the maximums to $1,237.70 and $1,866.00.
You only receive the maximum if both the income test and the assets test leave the full rate intact; Services Australia applies both tests and pays whichever produces the lower payment. Anyone whose income or assets sit above the relevant free area or threshold receives a reduced part-pension, and the payment tapers to zero at the cut-off points.
How much will the Age Pension go up on 20 September 2026?
The Government confirmed the figures on 20 August 2026: the maximum rate rises $36.80 a fortnight for a single pensioner and $55.60 a fortnight for a couple combined, taking the maximums to $1,237.70 single and $1,866.00 couple combined from 20 September 2026. That is the largest Age Pension increase since March 2023, and it is bigger than headline inflation because of the indexation formula: maximum rates move by the HIGHER of the CPI and the Pensioner and Beneficiary Living Cost Index (PBLCI), then are benchmarked against male total average weekly earnings.
In the six months to June 2026 the CPI ran at roughly 2.0% but the PBLCI reached 3.2%, so the PBLCI governs this round. But the headline rise is not what most part-pensioners will actually receive, because a second decision landed the same day: deeming rates rise 0.5 percentage points each, to 1.75% and 3.75%.
Deeming counts only in the income test, so if the income test is what binds your payment, the extra deemed income claws back part of the increase — and a single pensioner with more than roughly $382,700 in financial assets whose income test binds ends up worse off, not better. If the assets test binds, or you are on the full rate, you keep the whole rise.
Run both bases with the toggle above to see which case you are in.
Will the September 2026 deeming rise cancel out my pension increase?
For some pensioners yes, and for a minority it more than cancels out. From 20 September 2026 the deeming rates rise from 1.25% and 3.25% to 1.75% and 3.75% — the second increase in six months, announced on 20 August 2026 alongside the indexation.
Deeming is used only in the income test, so the effect depends entirely on which test binds your payment. Full-rate pensioners, and part-pensioners reduced by the assets test, are unaffected by deeming and receive the whole $36.80 (single) or $55.60 (couple combined).
If the income test binds, the higher rates add 0.5% of your financial assets to assessable income each year, and the 50-cent taper takes half of that off your pension — about 0.5% of your financial balance divided by 52, each fortnight. The break-even is roughly $382,700 in financial assets for an income-test-bound single and $578,200 for a couple: above those balances the deeming rise is larger than the indexation increase and your fortnightly payment falls from 20 September.
That is how a record headline increase and an individual pension cut can both be true in the same announcement.
What are the Age Pension income and assets test limits?
Two separate tests. Under the income test (from 1 July 2026) a single pensioner can earn up to $226 a fortnight and a couple $396 combined before the pension reduces by 50 cents for every extra dollar; the pension stops at $2,627.80 a fortnight for a single and $4,016.80 combined for a couple.
Under the assets test a single homeowner keeps the full pension up to $333,000 in assessable assets ($600,000 if you don't own your home) and a couple up to $499,000 ($766,000 non-homeowner); above that the pension falls by $3 a fortnight for every $1,000 of extra assets, cutting out at $733,500 for a single homeowner, $1,000,500 single non-homeowner, $1,102,500 couple homeowner and $1,369,500 couple non-homeowner. Your family home is not counted as an asset, which is why homeowners have lower thresholds — the higher non-homeowner limits partly offset not owning a home.
What is deeming and how does it affect my pension?
Deeming is how Centrelink counts income from your financial assets — bank accounts, term deposits, shares, managed funds and account-based pensions — instead of using the actual return. Rather than tracking real interest and dividends, Services Australia 'deems' those assets to earn a set rate: the first $66,800 of a single person's financial assets (or $110,600 combined for a couple) is deemed to earn the lower rate and everything above that the upper rate.
Until 19 September 2026 those rates are 1.25% and 3.25%; from 20 September 2026 they rise to 1.75% and 3.75%, confirmed by the Government on 20 August 2026. The thresholds themselves do not change — they indexed on 1 July 2026 and next move on 1 July 2027.
The deemed amount is added to any other assessable income (like employment or rent) and run through the income test. Deeming can help or hurt: if your investments actually earn more than the deemed rate, the excess is invisible to the pension; if they earn less, you're still assessed as though they hit the deemed rate.
Because deeming feeds only the income test, the September rise costs you nothing if the assets test is what binds your payment — but if the income test binds, it removes 0.5% of your financial assets from assessable headroom each year, half of which comes off your pension through the 50c taper.
At what age can I get the Age Pension?
You must be 67 or older. The qualifying age rose in six-month steps from 65 and reached 67 for everyone born on or after 1 January 1957, which has been the settled position since 1 July 2023 — there are no further scheduled increases.
Beyond age you must also meet residency rules: generally 10 years of Australian residence, including at least five years in one continuous period, though some periods overseas and certain international social-security agreements can count. Age and residency are the gateway; the income and assets tests then determine how much you actually receive.
This calculator estimates the means-test outcome and assumes you already meet the age and residency requirements — if you are under 67 you cannot claim the Age Pension yet, though you may be eligible for other payments such as JobSeeker or the Disability Support Pension.
Does the Work Bonus change how much I can earn?
Yes, and this calculator does not automatically apply it, so treat its income-test result as conservative if you work. The Work Bonus lets pensioners of Age Pension age exclude the first $300 a fortnight of employment or eligible self-employment income from the income test, on top of the ordinary $226 (single) free area — so a working single pensioner can effectively earn around $526 a fortnight before the pension starts to reduce.
Unused Work Bonus accrues in a 'Work Bonus income bank' up to $11,800, letting occasional or seasonal workers bank the concession and draw on it later. Importantly the Work Bonus applies only to income from personal exertion — wages, salary and active self-employment — not to investment income, rent or deemed income from financial assets.
If you have employment income, enter it in the 'other income' field and mentally add back up to $300 a fortnight of Work Bonus headroom.
Is my family home counted in the Age Pension assets test?
No — your principal home is fully exempt from the assets test, regardless of its value, along with the first two hectares (about five acres) of land on the same title. That exemption is why homeowners face lower asset thresholds than non-homeowners: a single homeowner keeps the full pension up to $333,000 of other assets, while a single non-homeowner keeps it up to $600,000, a $267,000 difference meant to recognise that renters and non-owners must fund housing from their assessable wealth.
Almost everything else counts: investment properties, a holiday home, cars, boats, caravans, household contents at second-hand value, shares, savings, most super, and business assets. If you sell your home to downsize, the proceeds you intend to use for a new home can be exempt for up to 24 months (and are deemed at only the lower rate in the meantime).
Selling your home and renting therefore usually reduces your pension, because cash and investments are assessable while the home was not.
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See Your Whole Retirement Picture — Not Just the Pension
Richify tracks your super, savings and investments in one place and projects how your Age Pension entitlement changes as your assets do. Free, no ads.
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