This article summarises both the recent and forecast changes to the age pension, specifically the changes to deeming rates. SUMMARY 1 July 2015 - every July the Government reviews the deeming rates, income and assets thresholds 20 March 2015 - every March and September the Government reviews the pension rates. Our age pension calculator reflects the above changes and forecasts age pension entitlements as at 1 July 2015. 1 July 2017 - a major change in age pension structure is proposed. Our age pension calculator forecasts a reduction in the age pension that most pensioners can expect. DEEMING RATE CHANGES 1 July 2015 - The deeming thresholds have changed slightly while the deeming rates have remained unchanged, with the ‘upper’ rate of 3.25% still well above cash rates - refer below, for financial investments worth up to $48,600 (for singles - previously $48,000) and up to $80,600 (for couples - previously $79,600), a ...
Your age pension concierge service for Centrelink. Case studies and observations on claiming and maintaining the Centrelink age pension in Australia. The objective of this blog is to inform and promote discussion. Information contained within is generic and does not constitute advice, and professional assistance is recommended before any action taken with Centrelink.