Age Pension calculator| Rate | Single |
Pensioner couple (combined)1 | Non Pensioner couple (each)2 |
|---|---|---|---|
0.25% |
First $64,200 ($160.50) |
First $106,200 ($265.50) |
First $53,100 ($132.75) |
2.25% |
Excess |
Excess |
Excess |
Thresholds shown are for the period 1 Jul 2025 – 30 Jun 2026.
1 |
At least one member receives a pension. |
2 |
Neither receives a pension. Each member is tested separately on their personal financial investments. |
The lower deeming rate was frozen at 0.25% and the upper rate was frozen at 2.25% until 30 June 2025. At the time of writing, these rates had not changed.
Under the sale proceeds exemption, principal homes sold after 1 January 2023 will have the proceeds from the sale of the principal home that are intended for the purchase of a new principal home and invested in a financial investment, deemed at the lower rate of 0.25% for income test purposes, during the period when the sale proceeds are exempt from the assets test (up to 24 months).
Deeming rate thresholds are indexed each 1 July.