Everything you need to know about Australia's Age Pension: eligibility, calculations, strategies, and how to maximize your pension
The Age Pension is the biggest part of retirement income for most Australians. But it's complex:
Who qualifies for the Age Pension? What are the current payment rates? How old do you need to be?
Read →Your home doesn't count toward the asset test—but what about your investments, property, and other assets?
Read →The deeming rate treats your assets as if they earn a fixed income. This can reduce your pension significantly.
Read →Why do couples have different asset and income limits than singles? How does your partner's income affect your pension?
Read →The worst part of the Age Pension system: the taper rate. Work too much or earn too much income, and you lose your pension fast.
Read →Current fortnightly payment rates, annual amounts, and how much you can actually expect in retirement.
Read →Our calculator shows you exactly how much Age Pension you'll receive based on your assets, income, and situation.
Calculate NowFor most Australians, the Age Pension will be 30-50% of your retirement income. Getting the details right (asset structure, income timing, timing of withdrawals) can add tens of thousands of dollars to your retirement.
Small decisions about your super, investments, and income sources can mean the difference between getting $28,000/year or $38,000/year in Age Pension.