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Deeming rates have increased after a five-year freeze. Here's how that could impact pension payments
Five years after being slashed to historical lows as a pandemic cost-of-living measure, deeming rates have increased again. Deeming is part of the income test for Centrelink payments, and the rate ...
Now it’s the Coalition that’s being accused of a “retiree tax”. As interest rates have come down over the past four years, the rate that retirees are “deemed” to have earned for the purpose of the ...
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Deeming is a major issue for retirees – it doesn’t just affect income-tested pensioners, it also determines eligibility for the Commonwealth Seniors Health Card and plays a major role in calculating ...
Treasurer Josh Frydenberg has cut the deeming rate for large investments from 3.25% to 3%, and for smaller ones from 1.75% all the way down to 1%, backdated to the start of July. But what exactly is a ...
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