The Centrelink deeming rates have increased from 20 March 2026 and the higher rates could reduce the pension amount for some recipients, as Services Australia assumes a higher income is being generated.
The lower rate will rise to 1.25% (up from 0.75%) - (applied to the first $64,200 for singles and $106,200 for couples).The higher rate Increases to 3.25% (up from 2.75%) - (applied to the balance above these thresholds).
These changes will affect how income from financial assets is calculated for pensions and other social security payments.
These increases were recommended by the Australian Government Actuary and agreed to by the Minister for Social Service who set the new deeming rates.
For your reference here are links for the Income Test and Asset Test for the age pension.
Also for for your reference here are links for the Income Test and Asset Test for the the jobseeker payment.
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