What the Age Pension Actually Pays in 2026 — Single or Couple, Own or Rent

A couple who own their home can have more than a million dollars and still get some Age Pension. Most people think it stops a long way before that. Here's what the Age Pension actually pays in 2026 - single or couple, own your home or rent - and where it starts to shrink. Free download: The Australian Retirement Readiness Checklist – 48 things to check before you stop working: https://aussiewealthwithemma.com.au Subscribe to get all the latest videos and information: https://www.youtube.com/@aussiewealthwithemma?sub_confirmation=1 TIMESTAMPS 0:00 What the Age Pension actually pays 0:34 Couples don't get double 0:51 The full rate, and what's in it 1:34 Household 1: single, own your home 2:28 Household 2: single, renting 3:12 Who counts as a homeowner 3:47 Households 3 and 4: couples 4:31 More than a million and still paid 5:07 The two tests 6:11 The shortcut: $300 per $100,000 6:44 Every rate on one card 7:10 The Pensioner Concession Card 7:51 When things change 8:18 In one breath WHAT'S IN THIS ONE (Age Pension rates from 20 September 2026) - The full rate: $1,237.70 a fortnight single (about $32,180 a year), $933.00 each for a couple ($1,866.00 together) - What the full rate is made of: the basic pension, the Pension Supplement and the Energy Supplement - Single homeowner: full rate up to $333,000 of assets (not counting the home), some pension up to $745,750 - Single renter: the same pension, full rate up to $600,000, some pension up to $1,012,750 - plus Rent Assistance of up to $223.80 a fortnight if you rent privately (not in state public housing) - Who counts as a homeowner: it has to be the home you live in; moving out for good; temporary absences; retirement villages and the $267,000 extra allowable amount - Couples: assets and income counted together; full rate up to $499,000 (homeowners) or $766,000 (renters); a homeowner couple keeps some pension up to $1,121,000 - A younger partner's super isn't counted while it's still in accumulation; couples separated by illness are each paid the single rate - The two tests: whichever pays less is the one that counts; deeming; the income taper; the Work Bonus - The shortcut: every $100,000 over your assets limit takes about $300 a fortnight off - The Pensioner Concession Card comes with any amount of Age Pension - The transitional rate, reporting changes within 14 days, and the Payment Finder THE EXAMPLES ARE ILLUSTRATIVE: the worked example is a single homeowner aged 67 or older with $433,000 of assessable assets ($403,000 in savings and investments, $30,000 car and contents) and no other income. Living overseas, arriving in Australia later in life, or receiving a transitional rate changes the picture. Rates and part-pension cut-offs from 20 September 2026; full-pension asset limits, income free areas and the extra allowable amount from 1 July 2026. Related videos: https://www.youtube.com/watch?v=bPFM-gEf2tk https://www.youtube.com/watch?v=ChXDFL_yl-U&t=38s https://www.youtube.com/watch?v=WhfDS6pyibc GENERAL ADVICE DISCLAIMER This video is general information only. It does not take into account your objectives, financial situation or needs, and it is not personal financial advice. Centrelink outcomes depend on your own circumstances - check your position with Services Australia or speak with a licensed financial adviser before acting. A note on how this is made: Every script starts with real research and is checked against current ATO and Services Australia figures - that part isn't automated. AI tools produce the narration and visuals. I write, verify, and stand behind every word. Thanks for being here. #AussieWealth #Superannuation #RetirementAustralia #AgePension #AgePensionRates #Centrelink #RentAssistance #RetirementPlanning