Glossary · Australia

Age Pension means test

Australia tests the Age Pension twice, on what you own and on what you earn, and pays the lower answer. Your home isn't counted, though owners have a lower threshold than renters. Savings count as earning a set rate, the first $300 a fortnight of pay is ignored, and super isn't counted until its owner turns 67. 2026 figures.

Guides that use this term

At what age can I get my retirement money in New Zealand, Australia and the US?

New Zealand, Australia and the United States

Can I get the Australian Age Pension as a New Zealander?

New Zealand and Australia

Can I get US Social Security while living in Australia?

Australia and the United States

Does my Australian super affect my US Social Security?

Australia and the United States

Does my NZ KiwiSaver affect the Australian Age Pension?

New Zealand and Australia

Does my NZ Super affect the Australian Age Pension?

New Zealand and Australia

Does my US Social Security affect the Australian Age Pension?

Australia and the United States

How are NZ Super, the Australian Age Pension and US Social Security different?

New Zealand, Australia and the United States

How does the Social Security Agreement between New Zealand and Australia work?

New Zealand and Australia

How long do I need to have lived in Australia to get the Age Pension?

Australia

What happens to my pension if I keep working?

New Zealand, Australia and the United States

Where does retirement income come from?

New Zealand, Australia and the United States