Age Pension Current Rates - 20 September 2025
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 | $1079.70 | $1627.80 | $813.90 |
| Pension Supplement | $84.90 | $128.00 | $64.00 |
| Energy Supplement | $14.10 | $21.20 | $10.60 |
| Total Fortnight | $1178.70 | $1777.00 | $888.50 |
| Total Annual | $30,646 | $46,202 | $23,101 |
To qualify for a full Age Pension as a single person, the assets must also be valued below $321,500 if you own your own home, or $579,500 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 $714,500 if you own your own home, or $972,500 if you don’t own your own home.
For a couple to qualify for the full Age Pension, the combined assets must be below $481,500 if you own your own home, or $739,500 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 $1,074,000 if you own your own home, or $1,332,000 if you don’t own your own home.
To qualify for a full Age Pension as a single person your income must be below $218 per fortnight (approximately $5,668 per year), but you can still be eligible for a part Age Pension if you earn less than $2,575.40 per fortnight (approximately $66,960 per year).
For a couple, to qualify for the full Age Pension your combined income must be below $380 per fortnight (approximately $9,880 per year), but you can still be eligible for a part Age Pension if you earn less than $3,934.00 per fortnight (approximately $102,284 per year).
Note: The above thresholds apply 20 September 2025 to 19 March 2026.
Also important to note that you can earn up to $300 per person per fortnight from working and this amount is not included in the Age Pension income test. This is known as the "work bonus".
The Commonwealth made a few changes to this program to make it more attractive for people who have reached Age Pension age to participate in the workforce.
In September 2022, a "temporary" one-off credit of $4,000 was added to the work bonus balance of all existing eligible pensioners. The initial plan was to remove this one-off credit on 1 January 2024. However, in September 2023 the government announced this temporary increase would be made permanent.
This means eligible pensioners can now earn up to $11,800 a year before losing any of their pension. (eg $300 ft x 26 = $7,800 pa plus $4000 equals $11,800 pa)