The Age Pension uses two tests — an assets test and an income test — and pays whichever produces the lower entitlement. This calculator covers the assets test only. Your home (the principal place of residence) is exempt. Everything else is assessable: superannuation in retirement phase (account-based pension balances), shares, term deposits, vehicles, contents, holiday houses, and the gifted-amount portion of any large gifts in the past five years (the 'deprivation' rules).

The full-pension threshold for a single homeowner is $321,500 of assessable assets (effective from 20 March 2026 indexation); for a couple homeowner it's $481,500 combined. Non-homeowners have higher thresholds ($579,500 single, $739,500 couple) on the basis they're paying rent. Above the threshold, the pension reduces by $3 per fortnight for every $1,000 of additional assets — equivalent to a 7.8% per annum effective taper. The cut-off (where pension reaches zero) is $722,000 for a single homeowner.

This calculator returns the assets-test entitlement only. Pair it with the income-test calculator to see which side controls your actual rate. For the wider retirement income picture see our Age Pension Calculator and Account-Based Pension Calculator. Thresholds change three times a year — verify on Services Australia before making a decision.