Welcome to Age Pension Solutions - your link to Centrelink and Veterans Affairs.

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Pension Calculator

To determine the current level of pension that you should be receiving, simply enter the required information into the boxes below. Your fortnightly pension amount will be displayed at the bottom of the page. If you need to start again, click on the reset button.

If your current pension amount is different to the result you receive from our Pension Calculator, please be sure to contact us to discuss how we can assist you in ensuring you get your correct pension.

Status

Please select your current status from the options below. If none of the following describes your current status please contact us on 1300 043 692 for assistance.

Single Homeowner	Single Non Homeowner
Couple Homeowner	Couple Non Homeowner

Important Instructions:

	If you selected "Couple" please ensure you enter the combined value for you and your partner for each item. i.e If you have several bank accounts, add the value of each and insert the total.
	Use the helpful hints on the right to further assist you.

Assets

CENTRELINK ASSETS
Car(s)	This can be found in the Red Book at www.redbookasiapacific.com.au
Home Contents	This is "almost fire sale" value, not insured value. Never more than $10,000.
Collections	What could you get if you sold your collection?
Boat(s)	Market Value
Real Estate (beach house etc)	Include any property at current market value
Allocated Pension	The asset value of these Income Streams is counted in the Asset Test.
Ordinary Annuity	The asset value of these Income Streams is counted in the Asset Test.
Complying Annuity	Only include the value counted (50% or 0), not the full value.
TAP Pension	Only include the value counted, not the full value.
Bond In F/T	The asset value of the Bond

INVESTMENT ASSETS

Bank Accounts	Deeming is a simple set of social security rules used to assess income, based on the value of your assets. All of the assets in this section are subject to deeming and the value of the deemed income is automatically calculated for you and inserted in the INCOME section below. Current deeming rates are:
Debentures & Term Deposits
Managed Funds
Listed Investments (Shares)
Super Funds
Loans (incl to Trusts & Co's)		- 3.0% up to $42,000 (singles) or $70,000(couples) - 4.50% on everything above
Deprived Assets
Other

TOTAL ASSESSABLE ASSETS

Total Centrelink Assets	These are for the Asset Test Only.
Total Investment Assets	These assets are also Deemed for the Income Test.
TOTAL ASSETS	TOTAL VALUE OF ASSETS FOR THE ASSETS TEST


Income

ASSESSABLE INCOME

Income Stream Payment	This is the total of all income payments you receive from Income Streams.
Less Deductible Amount	Total of income not counted.
Rental Income	Total rent received less any costs, including mortgage.
Employment Income	This is the GROSS income, ie before tax is taken out
Deemed Income	Automatically calculated for you
Other	Do you have any income from any other source?

TOTAL INCOME


AGE PENSION ENTITLEMENT
Under the Asset Test
Under the Income Test
	The pension paid is the lower of the rate calculated under both the Asset Test and the Income Test
ACTUAL PENSION RECEIVABLE	PER FORTNIGHT - EACH FOR A COUPLE