Age Pension Current Rates
The Age Pension provides income support for eligible Australians and is indexed twice each year, on 20 March and 20 September, to apply changes in pensioners’ costs of living and community wage increases.
Eligibility is assessed on the basis of your age, residency status and an assessment of your income and assets.
Enquire Now| Pension Income | Single | Couple | Couple (Each) |
| Base Rate | $1144.40 | $1725.20 | $862.60 |
| Pension Supplement | $83.20 | $125.40 | $62.70 |
| Energy Supplement | $14.10 | $21.20 | $10.60 |
| Total Fortnight | $1144.40 | $1725.20 | $862.60 |
| Total Annual | $29,754 | $44,855 | $22,428 |
To qualify for a full Age Pension as a single person, the assets must also be valued below $314,000 if you own your own home, or $566,000 if you don’t own your own home.
You can still be eligible for a part Age Pension if your assets are worth less than $695,500 if you own your own home, or $947,500 if you don’t own your own home.
For a couple to qualify for the full Age Pension, the combined assets must be below $470,000 if you own your own home, or $722,000 if you don’t own your own home.
You can still be eligible for a part Age Pension if your assets are worth less than $1,045,500 if you own your own home, or $1,297,500 if you don’t own your own home.
To qualify for a full Age Pension as a single person your income must be below $212 per fortnight (approximately $5,512 per year), but you can still be eligible for a part Age Pension if you earn less than $2,500.80 per fortnight (approximately $65,021 per year).
For a couple, to qualify for the full Age Pension your combined income must be below $372 per fortnight (approximately $9,672 per year), but you can still be eligible for a part Age Pension if you earn less than $3,822.40 per fortnight (approximately $99,382 per year).
Note: The above thresholds apply 20 September 2024 to 19 March 2025.
Also important to note that you can earn up to $300 per person per fortnight (up to $11,800 pa) from working and this amount is not included in the Age Pension income test. This is known as the "work bonus".