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Starting March 20, 2026, higher deeming rates in Australia may reduce Age Pension payments for retirees with substantial assets.
Starting March 20, 2026, deeming rates in Australia will rise, potentially reducing Age Pension payments for some recipients with significant financial assets.
The lower rate increases to 1.25% for assets up to $64,200 (singles) or $106,200 (couples), while the higher rate jumps to 3.25% for amounts above those thresholds.
The change, based on a recommendation from the Australian Government Actuary, affects only those with over $213,000 in assets (singles) or $369,000 (couples), and coincides with the annual pension indexation.
The government says the adjustment aims to maintain fairness in the social security system.
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