Deeming Rates

The Reserve Bank’s recent interest rate cuts have put older Australians directly in the firing line. This is especially the case for those who receive an Age Pension which is determined by the income test, due to what’s referred to as ‘deeming rates’. 

What is the income test and deeming rates?  

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Please note: The advice provided above is general information only and individuals should seek specialised advice from a qualified financial advisor. The views in this blog are those of the individual and may not represent the general opinion of the firm. Please contact Hewison Private Wealth for more information.