As of 25 January 2026, the maximum fortnightly payment for a single person on the Centrelink Age Pension is $1,178.70. For couples (combined), the maximum payment is $1,777.00 per fortnight. These amounts include the basic rate, pension supplement, and energy supplement, which are indexed regularly for inflation.
As you can see from the chart below, the 2026 maximum monthly amount paid by OAS is $742.31 for people between the age of 65 and 74, which comes out to $8,907.72 a year. If you are age 75 or over, the maximum payment is $816.54 in 2026.
How much you get depends on your income and assets tests, and whether you're single or in a couple. The current maximum Age Pension for: singles is $1,079.70 a fortnight or $28,072.20 a year. couples is $1,627.80 a fortnight or $42,322.80 a year (combined)
Latest Age Pension rate changes (from 20 September 2025)
Single: $1,178.70 per fortnight (approximately $30,646 per year) Couple (each): $888.50 per fortnight (approximately $23,101 per year) Couple (combined): $1,777.00 per fortnight (approximately $46,202 per year)
While there is no official retirement age in Australia, to be eligible for the Age Pension, you must be at least 67 years of age. There are also residency requirements, and an income and assets test applies. If you are under 67 years of age, other supports may be available to you, such as JobSeeker Payment.
To get Age Pension you must be all of the following: 67 years or older. under the income and assets test limits. an Australian resident, normally for at least 10 years.
The full rate for the new state pension for individuals from April 2025 is £230.25 a week. The qualifying period for the full state pension is 35 years of national insurance contributions, which would result in a married couple receiving a combined state pension of £460.50 per week.
Prioritizing a pension over Social Security can be attractive for several reasons. First, pensions often provide a more predictable and potentially higher income stream. The predictability of a fixed income from a pension can also be advantageous who prefer financial stability and want to plan their retirement budget.
The estimated average amount changes monthly. For example, the estimated average monthly Social Security retirement benefit for January 2026 is $2,071. When you're ready to apply for retirement benefits, use our online retirement application, the quickest, easiest, and most convenient way to apply.
In 2025, it's either $4,034.10 or 5.95% of your salary (minus $3,500) — whichever is lower. For self-employed people, who pay both employer and employee contributions, the maximum CPP contribution is $8,068.20.
In the organisation's super balance update, it found 2.5 per cent of the population have a super account of more than $1 million, as of June 2021. This represents 417,567 individuals, ASFA said, and is a 29 per cent increase from the 322,200 individuals who held over $1 million in June 2019.
Your home is not counted as an asset when calculating pension or payment, but it does affect how your pension or payment is assessed under the assets test. If you are a homeowner your asset value limit is lower than someone who does not own their residence.
For many Australians, the answer is yes, especially if they own their home and plan their retirement income carefully. The key is understanding how long $600K can last, how the Age Pension fits in, and what kind of lifestyle this level of super realistically supports.
You may inherit part of or all of your partner's extra State Pension or lump sum if: they died while they were deferring their State Pension (before claiming) or they had started claiming it after deferring. they reached State Pension age before 6 April 2016. you were married or in the civil partnership when they died.
To receive the full State Pension you must have paid 35 years of NI contributions. If you have never worked, and therefore never paid NI, you may still be eligible for the State Pension if you have received certain state benefits, for example carer's allowance or Universal Credit.
If your assets exceed the threshold, your Age Pension will gradually decrease. For example: A single homeowner with more than $321,500 in assets will start to see a decrease in their Age Pension payments. If their assets reach $714,500, their Age Pension payments will be reduced to $0.
The full amount of age pension that a person is eligible for is payable while overseas for 26 weeks. However, once overseas for longer than 26 weeks, the amount of age pension payable to a person is dependent upon the person's length of residency in Australia.
You usually need 35 qualifying years of National Insurance contributions to get the full amount. You'll still get something if you have at least 10 qualifying years - these can be before or after April 2016.
How much do I need in my pension pot for £1,000 per month income? Using the same methodology, £1,000 per month is £12,000 of income each year. If you were again withdrawing from your pension pot at 4% each year, you would need a total pension pot of £300,000 to provide an income of £1,000 per month in retirement.