{"id":518690,"date":"2026-06-26T01:23:20","date_gmt":"2026-06-26T01:23:20","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/518690\/"},"modified":"2026-06-26T01:23:20","modified_gmt":"2026-06-26T01:23:20","slug":"age-pension-income-and-asset-test-limits-to-rise-next-week","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/518690\/","title":{"rendered":"Age pension income and asset test limits to rise next week"},"content":{"rendered":"\n

The income you can earn and the value of assets you can own in\u00a0retirement<\/a>,\u00a0while still qualifying for the\u00a0age pension<\/a>, will rise next week.<\/p>\n

The Department of Social Services has just announced\u00a0the next lot of indexation changes<\/a>\u00a0to means testing for the pension. <\/p>\n

These indexation changes are made twice per year to reflect the impact of\u00a0inflation<\/a>.<\/p>\n

Pension amounts will remain as they are today. All that is changing next Wednesday, 1 July, is the parameters for means testing. <\/p>\n

The full age pension is $1,200.90 per fortnight for singles, and $905.20 per person, per fortnight, for couples.<\/p>\n

Let’s review. <\/p>\n

\"Four<\/p>\n

Image source: Getty Images<\/p>\n

When can I get the age pension? <\/p>\n

Australians born on or after 1 January 1957 are eligible for the pension\u00a0at age 67<\/a>, whether retired or not. <\/p>\n

The pension is subject to an\u00a0assets test<\/a>\u00a0and an\u00a0income test<\/a>. You have to pass both to receive the full pension. <\/p>\n

If you own too much in assets, or earn too much income, you may only qualify for a part-pension, or no support at all. <\/p>\n

What are the new pension thresholds for asset values? <\/p>\n

The first thing to know is that your home is excluded from the\u00a0pension assets test if you own your residence. <\/p>\n

If you rent your home, you are allowed to own more assets (and earn more income) while still qualifying for the pension.<\/p>\n

Assessable assets<\/a>\u00a0include ASX shares,\u00a0international shares<\/a>,\u00a0superannuation<\/a>, bonds<\/a>,\u00a0managed funds<\/a>,\u00a0rental properties<\/a>, and cash.<\/p>\n

Single homeowners <\/p>\n

Under next week’s changes, single homeowners will be able to own up to $333,000 in assets and still qualify for the full age pension. <\/p>\n

Single homeowners with assets worth between $333,001 and $733,500 will qualify for a part-payment.<\/p>\n

Single non-homeowners <\/p>\n

Single renters will be able to own up to $600,000 in assets and still qualify for the full age pension. <\/p>\n

Single non-homeowners with assets worth between $600,001 and $1,000,500 will be eligible for a part-pension.<\/p>\n

Couple homeowners <\/p>\n

Couple homeowners will be able to own up to $499,000 in assets and still qualify for the full age pension. <\/p>\n

Couple homeowners with assets worth between $499,001 and $1,102,500 will still be eligible for a part-payment.<\/p>\n

Couples who are renting in retirement <\/p>\n

Couple non-homeowners will be able to own up to $766,00 in assets and still be eligible for the full pension.<\/p>\n

Renters who own assets worth between $766,001 and $1,369,500 will qualify for a part-payment.<\/p>\n

How much income can you earn and still get the age pension? <\/p>\n

Under next week’s changes, singles will be able to earn up to $226 per fortnight and still qualify for the full pension. <\/p>\n

If they earn between $227 and $2,627.80 per fortnight, they will qualify for a part-payment. <\/p>\n

Couples will be able to earn up to $396 per fortnight and still receive the full age pension. <\/p>\n

Couples who earn between $397 and $4,016.80 per fortnight will be eligible for a part-payment. <\/p>\n

Assessable income includes wages and investment income. <\/p>\n

To make things easier, Centrelink relies on deeming<\/a>\u00a0rates to determine a pensioner’s investment income.<\/p>\n

(The only exception is rent from investment properties<\/a>. Pensioners must report actual net rental income each year.)<\/p>\n

Deeming rates have been well below market average returns for many years. <\/p>\n

The Albanese Government has been gradually increasing deeming rates and the asset value thresholds. <\/p>\n

Under next week’s changes, the lower deeming rate will remain at 1.25%, and the upper deeming rate will remain 3.25%.<\/p>\n

However, the thresholds will lift. <\/p>\n

The lower deeming rate will apply if a single pensioner’s assets are worth less than $66,800. For couples, the new threshold is $110,600. <\/p>\n

If your investments are worth more than that, the upper deeming rate will apply.<\/p>\n","protected":false},"excerpt":{"rendered":"The income you can earn and the value of assets you can own in\u00a0retirement,\u00a0while still qualifying for the\u00a0age…\n","protected":false},"author":2,"featured_media":129707,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[72,3472,176,61,60,174,175],"class_list":["post-518690","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-editors-choice","tag-finance","tag-ie","tag-ireland","tag-personal-finance","tag-personalfinance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/518690","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=518690"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/518690\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/129707"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=518690"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=518690"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=518690"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}