Age Pension: Rates, Limits & Upcoming Changes

Payment type	Fortnightly rate
Maximum rate	$1,079.70
Maximum pension supplement	$84.90
Energy supplement	$14.10
Total	$1,178.70

Payment type	Fortnightly rate
Maximum rate	$813.90
Maximum pension supplement	$64.00
Energy supplement	$10.60
Total	$888.50

Age Pension assets & income test limits

The Age Pension is subject to both an income test and assets test. Pensioners are paid under the test that produces the lowest rate of payment.

The Age Pension income and assets tests highlight the rules on how much you can earn and own to still get the Age Pension. You must meet both the income and assets tests, as well as residence rules, to qualify for the Age Pension.

Every year on 1 July, the income free and asset free areas are indexed, though changes can happen on other dates. See below for the latest assets and income test thresholds.

Assets test (from 1 July 2025)

The assets test is an assessment of your assets to help determine if you qualify for the Age Pension, and affects how much pension you could receive. Your assets include any property or possessions you own in full, in part, or have an interest in; this also includes but is not limited to your bank account, superannuation if you’ve reached Age Pension age, or any funds that are invested in a super pension fund or income stream, regardless of your age.

The assets test also includes any money if you own your own home; the property value of your home generally isn’t counted under the assets test, but you’ll be assessed under a different limit.

There are two asset limits: one for the full pension and one for the part pension. This means:

if the value of your assets is above the full pension asset limit, your pension rate will reduce on a sliding scale, and you’ll get what’s often called a part pension.
if your assets are valued above the part pension limit, you may not be eligible for the Age Pension.

Your situation	Homeowner	Non-homeowner
Single	$321,500	$579,500
A couple living together (combined)	$481,500	$739,500
A couple, separated due to illness, combined	$481,500	$739,500

Your situation	Homeowner	Non-homeowner
Single	$704,500	$962,500
A couple living together (combined)	$1,059,000	$1,317,000
A couple, separated due to illness, combined	$1,247,500	$1,505,500

While this information is current as of 1 July 2025, it may change in future. To learn more about the assets test and details on other situations on the Services Australia website.

Income test (from 1 July 2025)

The income test is used to help determine if you’re eligible for the Age Pension and affects how much your pension payments could be. The income test is an assessment of your income from all sources. According to Services Australia, assessable income includes but is not limited to reportable super contributions and from any funds invested in superannuation if you’ve reached Age Pension age, or any funds that is invested in a super pension fund or income stream, regardless of age. Different rules do apply to account based pensions that were purchased before 1 January 2015 and held a Commonwealth seniors health card on 31 December 2014, please contact Services Australia for further information.

Like the assets test, there are different thresholds for the full and part pensions. So, if you exceed the full pension income limit, you may still be able to get a part pension. If you exceed the part pension income limit, your pension will be cut off.

For most pensioners, here are the fortnightly income limits as at 1 July 2025, though your cut off point may be higher if you get the Rent Assistance or Work Bonus, or lower if you do not live in Australia.