Age Pension

Pension rate
(includes pension supplement and energy supplement)
  The energy supplement excludes the one-off Energy Assistance Payment of $75 for singles and $62.50 for each member of a couple, receiving an age pension at 2 April 2019 and who was a resident in Australia.

Single

$24,268.40 per annum ($933.40 per fortnight)

Couple

Combined: $36,582 per annum ($703.50 each per fortnight)

Indexation

Homeowner

Non-Homeowner

Full pension

Pension cut out

Full pension

Pension cut out

Single

$263,250

$574,500

$473,750

$785,000

Couple

$394,500

$863,500

$605,000

$1,074,000

Reduction rate

Pension reduced by $78 per annum per $1,000 of assets over full pension thresholds.

Indexation

Full pension

Pension cut out

Single

$4,524.00 pa

$53,060.80 pa

Couple

$8,008.00 pa

$81,172.00 pa

Reduction rate

Pension is reduced by $0.50 (singles) and $0.25 (each member of a couple) per $1.00 of income over full pension thresholds

Indexation

2018/19

2019/20

Employment income exempt from income test

$250 pf

$300 pf

Maximum accrued unused Work Bonus

$6,500

$7,800

Effective employment income threshold

Single

$10,972

$12,324

Couple (combined)

$20,904

$23,608

Status

Deeming threshold

Max financial asset to receive full pension
  These figures assume the client has no other assessable assets or income

Rate below threshold

Rate above threshold

Single

$51,800

$185,333

1.00%

3.00%

Couple

$86,200

$324,400