Age Pension income test
Age Pension income test: work, passive income and deemed income.
Understand the income side of Age Pension estimates before you order a report or speak with an adviser.
Income can affect the pension estimate
The income test considers assessable income such as employment income, passive income, and deemed income from financial assets. The result can reduce the estimated Age Pension if income is above the relevant threshold.
- Work income may interact with Work Bonus rules.
- Passive income should be separated from super drawdowns.
- Financial assets may create deemed income even if actual cash income is different.
- The income and assets tests are both considered.
Why RetireAI separates income types
A report is easier to check when work income, passive income, Age Pension estimates and super drawdowns are shown separately. This helps you see whether the household is relying on employment, super, other income, or possible pension support at different ages.