Australian Catholic Superannuation - Centrelink Age Pension Calculator

This calculator will help you determine the possible Centrelink Age Pension payment you could be eligible for.

To receive the Centrelink Age Pension, you need to meet the Department of Human Services eligibility criteria. The Department of Human Services will also determine the actual age pension you will receive based on the age requirements, residence requirements, income test, assets test and the payment rates for the Age Pension.
This calculator generates factual information about the Age Pension. It does not constitute a recommendation or statement of opinion about superannuation and is not intended to be relied upon for the purpose of making a decision in relation to a financial product. We suggest you seek financial advice before making any financial decisions. The Fund offers two appointment based advice services that can help set you on the right path for your finances. For more information please call 1300 658 776. The calculator only considers a limited range of issues and does not consider all of your personal circumstances.

How to use this calculator

Enter your personal details in the 'Personal details' area.
Enter your financial details in the 'Financial details' area.
Go to the 'Results' area to see the your eligible pension payment.
Go to 'Next steps' for suggestions on ways you can change your situation.

Personal details

Financial details

Results

Next steps

Financial details

Income

Your salary ?

per

Your partner's salary

per

Income from 'non-financial' assets?

per

Income from your account-based pension or other income stream

per

Assets

Your super account balance

Your partner's super account balance

Your income stream account balance

Your partner's income stream account balance

What is the value of total 'financial' assets??

What is the value of total 'other' assets??

Personal details

Financial details

Results

Next steps

Managing your income in retirement

There may be strategies you can employ to maximise the Centrelink Age Pension rate you are eligible for. These strategies generally involve reducing assessable assets and income levels to maximise eligible payments.

Maximise your payment

Working together with your Centrelink Age Pension payment, our award-winning RetireSmart account based pension could be the ideal way to manage your super and other savings in retirement.

Learn more

Get some help

Do you have questions about the Centrelink Age Pension or need help managing your finances in retirement? You could benefit from meeting with a financial planner at Australian Catholic Superannuation.

Book an appointment

Not ready to book? Learn more about financial advice here.

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Save your information

This feature will send you an email with a link back to the calculator that will be pre-populated with the information you have entered. The information is not stored in our systems and can only pre-populate your information if you re-enter the passcode you enter below when you return to the calculator. Please remember this passcode as the pre-population will not work without it.

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Call us

1300 658 776 (cost of local call from anywhere in Australia, mobiles excluded)

+61 2 9715 0000 (if calling from outside Australia)

8:30am - 7:00pm (AEST)
8:30am - 8:00pm (AEDT)
Monday to Friday (national public holidays excluded)

Email us

fundoffice@catholicsuper.com.au

Our Member Services team will respond within three working days.

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Assumptions
1.	The results presented in the calculator are a guide only and do not constitute a quote or guarantee that you will receive an Age Pension. Any person intending to act or rely on the results of the calculator should seek independent advice before acting on it. We would recommend that you consult with your financial planner before making any decision.
2.	An amount up to pa will be deducted from the "Your salary" entry to approximate the impact of the Government Work Bonus. This assumption is an annualised amount, and actual results may vary.
3.	The Department of Human Services will determine your eligibility to the Age Pension. You can find more about the eligibility criteria here.
4.	The Age Pension rates and thresholds are effective at 20 September 2021.
5.	The Age Pension rates include the Pension Supplement and the Energy Supplement.
6.	The Age Pension commenced after 19 September 2009.
7.	For pension commencing prior to 1 January 2015, the actual income stream payments are included in the income test. For pension commencing on or after 1 January 2015, the income stream account balance has deemed income for the income test. Find out more here.
8.	The 'Comfortable lifestyle' and 'Modest lifestyle' benefits are based on a survey by ASFA Retirement Standard (March quarter 2020) stating that the total annual income needed to fund a comfortable retirement is $44,412 pa (single) and $62,828 pa (couple) and a modest retirement is $28,254 pa (single) and $40,829 pa (couple).
9.	60% of the Lifetime income stream purchase price is included in the value entered for ‘Your income stream account balance’ and 60% of the annual payment for the Assessable income is included in the ‘Income from ‘non-financial’ assets’ field.

If your actual situation differs from the assumptions made, then the calculations may differ from your actual amounts.

Disclaimer

This calculator is based on our current understanding of Australian tax and superannuation laws as at 20 September 2021. The assumptions contained in, and the results obtained from, this calculator are believed to be accurate and are made in good faith. However, to the extent permitted by law, we disclaim all liability to any person in respect of anything done or omitted to be done, and the consequences of such action or omission, by any such person in reliance upon any part of the information obtained by using this calculator.

All contents are (c) Copyright 2021, All Rights Reserved.

SCS Super Pty Ltd (AFSL 230544 / RSE L0002264 / RSE R1055436) issues membership in the Australian Catholic Superannuation & Retirement Fund. This website does not take into account your objectives, financial situation or needs. Accordingly, before making any decision about the Australian Catholic Superannuation & Retirement Fund, you should consider: the appropriateness of the information having regard to those things; our Financial Services Guide, Product Disclosure Statements; and Target Market Determinations; and consulting your financial adviser.

Pension based on the income test	$19,375.90
Pension based on the assets test	$22,220.90
Final pension	$10,189.40

This calculator will help you determine the possible Centrelink Age Pension payment you could be eligible for.

How to use this calculator

Personal details

Financial details

Managing your income in retirement

Get some help

Save your information

Sending email