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flag Retiree pension benefits reduced due to March 2026 deeming rate increase.

flag A March 20, 2026, increase in deeming rates has raised concerns about the financial impact on retirees, particularly vulnerable pensioners. flag This adjustment, aligned with the automatic indexation of the pension, affects how income from financial assets is assessed for income-tested pension payments, eligibility for the Commonwealth Seniors Health Card, and the calculation of aged care fees. flag While the change is part of a routine update tied to inflation, it has drawn criticism for potentially reducing pension benefits for those with modest savings, despite rising living costs.

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