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Age Pension Deeming Impact Estimator

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Model how deeming rate changes (2025–26) affect Age Pension via income test; compare scenarios, single vs couple, asset thresholds.

Free to useNo data storedReal-time dataAI insightsUpdated: March 2026

The Age Pension Deeming Impact Estimator helps Australian retirees model how investment deeming rates and changing income thresholds affect their Age Pension eligibility and payment amount. Updated for the 2025–26 changes, this tool shows the income test effect for singles and couples, using latest rates and scenarios.

Enter Your Details

Enter Your Details

Select if you are modeling as a single or couple.

$

Sum of all financial/investment assets subject to deeming (e.g. savings, shares, super pensions).

$

Other income (employment, rental, etc) not included in financial assets.

Real-World Examples

Single Retiree with $80,000 in Assets

Sue is a single retiree with $80,000 in term deposits and shares. The 2025–26 deeming rate is 1.25% on the first $64,200 and 3.25% on the remainder.

Inputs:

scenarioType:SinglefinancialAssets:80,000year:2025–26
Sue's deemed income will be calculated using each rate tier and used to assess age pension eligibility.

Couple with $120,000 in Super & Savings

A couple has $120,000 in combined super and savings. The first $106,800 is deemed at 1.25%, the remainder at 3.25%.

Inputs:

scenarioType:CouplefinancialAssets:120,000year:2025–26
Deemed income may affect payment under the income test for the couple.

Frequently Asked Questions

Glossary

Deeming Rate
A government set rate applied to financial assets to estimate income for the pension income test.
Age Pension
A means-tested payment for eligible older Australians, subject to income and asset tests.
Income Test
A test by Centrelink/Services Australia that measures assessable income for Age Pension purposes.
Financial Assets
Investments such as bank accounts, shares, managed funds, and account-based pensions.

Disclaimer: This tool is a guide and does not constitute financial advice. Check Services Australia for the latest legislation.

Last updated: March 2026

How to Use
  1. Choose your situation: Single or Couple.
  2. Enter the total value of your financial/investment assets.
  3. Add any other income you receive (optional).
  4. Select the year for assessment (2025–26 or 2026–27).
  5. Click 'Estimate' to see how your assets are deemed for pension purposes.
  6. Review the estimated impact on your Age Pension payment.
Key Information
  • Deeming rates are set by Services Australia and are updated annually.
  • Singles: 1.25% on first $64,200, then 3.25% (from 20 March 2026).
  • Couples: 1.25% on first $106,800 (combined), then 3.25% thereafter.
  • Deemed income affects your payment under the income test.
  • Includes account-based super pensions in asset totals.
Pro Tips
  • Review asset and income test limits before applying for the Age Pension.
  • Consider splitting assets between partners for better eligibility (seek advice)
  • Keep records of super and investment balances for the most accurate estimation.
  • Recheck annually as rates and thresholds change.
Avoid These Mistakes
  • Forgetting to include all relevant financial assets (e.g. super pensions)
  • Entering gross (before tax) instead of net assets
  • Missing the annual rate updates
  • Not updating scenario when moving from single to couple status
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