Fast Facts

Updated March 2024 for financial year 2023-24, unless otherwise stated

Fast Facts is a comprehensive and easy to use online resource for finance professionals. It brings together useful rates and thresholds from a range of Government sources and is updated quarterly to provide you with the latest information. Bookmark this page to have this resource at your fingertips when you need it.

Age Pension rates

Fortnightly Annual
Single $1,116.30 $29,023.80
Couple combined $1,682.80 $43,752.80
Illness separated combined $2,232.60 $58,047.60

Includes Pension and Energy Supplement.

Pension assets test

Homeowners
For full pension Disqualifying asset limits
Single $301,750 $674,000
Couple combined $451,500 $1,012,500
Illness separated combined $451,500 $1,196,000
Non-homeowners
For full pension Disqualifying asset limits
Single $543,750 $916,000
Couple combined $693,500 $1,245,500
Illness separated combined $693,500 $1,438,000

Pension income test

For full pension
Fortnightly Annual
Single $204 $5,304
Couple combined $360 $9,360
Illness separated combined $360 $9,360
Disqualifying income limits
Fortnightly Annual
Single $2,436.60 $63,351.60
Couple combined $3,725.60 $96,865.60
Illness separated combined $4,825.20 $125,455.20

Deeming thresholds and rates

Single Rate Couple
First $60,400 0.25% First $100,200
Over $60,400 2.25% Over $100,200

Age Pension qualifying age

Year born Age
1 January 1949 to 30 June 1952 65
1 July 1952 to 31 December 1953 65.5
1 January 1954 to 30 June 1955 66
1 July 1955 to 31 December 1956 66.5
On or after 1 January 1957 67

Commonwealth Seniors Health Card (CSHC)

Annual income [20]
Single $95,400
Couple combined $152,640
Illness separated couple combined $190,800
[20] Adjusted taxable income plus deemed income from account-based pensions that are not grandfathered.