Age pension calculator

When assessing eligibility for the aged pension, applicants are given an income test and an assets test — the test that produces the least amount of pension is the one used.

How much pension might I get if I qualify?

Relationship status *
Age
Are you a homeowner? *
Is your home a granny flat or retirement village?

Exempt assets

House
Funeral bond/prepaid funeral, burial plot
$0
Total exempt assets

Personal assets

Lifestyle assets: Cars, caravan, boat
Contents, collections, artworks
$0
Total personal assets

Investments

Investment properties/vacant land
Account-based superannuation pension/s (grandfathered)
Annuities
Family trusts/Private companies
$0
Total non-deemable investments

Investments (subject to deeming)

Bank accounts
Term deposits
Shares
Managed funds
Loans/excess gifts
Superannuation
Annuities
$0
Total deemable investments

Income (per annum)

Deemed income (annual)
Rental income (annual)
Wages
Defined benefit income
$0
Total assessable income
$0
Total assessable assets

Asset test

$0
Total assets
$0
Pension based on asset test

Income test

$0
Fortnightly income
$0
Pension based on income test
A relationship or homeowner status has not been selected, therefore a SINGLE HOMEOWNER status has been assumed for this estimate.
Your pension estimate is based on the INCOME test.
$0
/fortnight
Pension estimate
$0
/year
Pension estimate

Different rates and thresholds apply to couples separated by illness.

Calculators and tools
The calculators and tools on this website are provided for your information and to illustrate scenarios. The results should not be taken as a substitute for professional advice. You can connect with an accredited Retirement Living and Aged Care Specialist® Financial Adviser here. 
All reasonable care has been taken in preparing and designing the calculators and tools; however, Aged Care Gurus Pty Ltd provides no warranties and makes no representation that the information provided by the calculators and tools is appropriate for your particular circumstances or indicates you should follow a particular course of action.

Get a FREE Village Guru Report

A Village Guru Report showcases the costs of entering, living in, and exiting a village, coupled with projections of your Age Pension and Rent Assistance entitlements. It can even show you how much funding is available through a Home Care Package and what the fees will be.

Visit a village that can offer a FREE Village Guru Report, and make the move with confidence.

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Disclaimer: While a Village Guru Report provides valuable insights, it doesn’t replace professional financial advice. You should seek advice from an accredited Retirement Living and Aged Care Specialist® Financial Adviser. Connect with an Adviser.

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The Downsizing Made Simple website was created as an educational resource for people looking to downsize. Our aim is to help you understand all that’s involved, both practical and financial, so you can make the move with confidence.

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The information on this website is for general information only.
It should not be taken as constituting professional advice from the website owner – Aged Care Gurus trading as Downsizing Made Simple.
Aged Care Gurus is not a financial adviser. You should consider seeking independent legal, financial, taxation or other advice to check how the website information relates to your unique circumstances.
Aged Care Gurus is not liable for any loss caused, whether due to negligence or otherwise arising from the use of, or reliance on, the information provided directly or indirectly, by use of this website.

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