Age pension Calculator. Age pension Calculator. But,. However,. After all,. In addition,. 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 025 521 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) 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 Pre-2015 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 Debentures & Term Deposits Managed Funds Listed Investments (Shares) Super & post-2015 Income Streams Loans (incl to Trusts & Co's) Deprived Assets Other 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: 0.25% up to $51,800 (singles) or $86,200 (couples) 2.25% on everything above 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 (Annual Income) Pre 2015 Income Stream Payment This is the total of all income payments you receive from Income Streams. Less Deductible Amount Limited to 10% for Defined Benefit Pensions. 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
