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Age Pension payment rates

Boost for pensioners expected in government aid package

A cut to deeming rates is expected this week as part of a federal government economic package to stimulate an economy reeling from the effects of the coronavirus and a summer of bushfires.

Finance News

‘I feel very sorry for retirees at the moment’: former treasurer

Former federal treasurer Peter Costello believes compulsory super has failed Australians, pointing out major flaws in the system and the need for reform in the sector.

Age Pension

Pension boost is unlikely to help many older Australians

Freedom of Information documents reveal the change to deeming rates is insignificant.

Age Pension

Centrelink Q&A: Deeming rate dilemma

Jack wants to know which of his investments may be exempt from deeming rates.

Centrelink News

Age pensioners set to get a pay rise

Single pensioners could be up to $804 a year better off and couples $1000 a year better off after September’s new deeming rate drop, new modelling from AMP shows.

Age Pension payment rates

Age Pension, deeming rates not realistic: poll finds

The base rate of the Age Pension is not a liveable amount, deeming rates must reflect reality and too many older Australians are hell-bent on leaving an inheritance for the kids, say members.

News

More please say age pensioners

Pensioners say they are pleased but that increase is paltry and will make little difference.

News

Cut to deeming rates will see pensioners slightly better off

Almost one million Australians will be better off by around $804 a year, after the Government announced a reduction in the deeming rates on Sunday.

Deeming rates for Age Pension

Time for the Government to step up on deeming rates: Labor

Labor analysis reveals that pensioners stand to gain thousands of dollars each year should the Government step up and reduce deeming rates.

Finance

Will Government finally act on deeming if cash rate cut?

Is the Reserve Bank about to deliver the first back-to-back interest rate cuts since 2012 and take cash rates to a record low of one per cent?

News

Retirees tired of being ‘milked’ call for deeming rates change

The loss of returns from retirees’ long-term savings as official interest rates drop to record levels has led to an intensified push for a change to deeming rates.

Age Pension

Age Pension: Should deeming rates be re-adjusted?

Like many retirees, Karen believes that deeming rates are simply too high, especially when the money is being held by a nursing home.

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