New asset deeming limits

From 1 July 2014, the asset thresholds which apply to deeming rates for the Age Pension have changed. Find out the new applicable thresholds.

Deeming rates are applied to assessable assets in order to apply a rate of deemed income for the Age Pension income thresholds. The new asset thresholds and associated deeming rates are as follows:

Family situation

Asset threshold

Deeming rate

Single

$0 – $48,000

2 per cent

Above $48,000

3.5 per cent

Couple receiving an allowance but no pension – per person

$0 – $39,800

2 per cent

Above $39,800

3.5 per cent

Couple receiving a pension – combined

$0 – $79,600

2 per cent

Above $79,600

3.5 per cent

 

To find out more about deeming rates and how your Age Pension or allowance is affected, visit DSS.gov.au

 

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