ℹ Deeming rates rose on 20 September 2026 — from 1.25% / 3.25% to 1.75% / 3.75%. This shows what that change alone does to an Age Pension. Estimate only, using Services Australia rates from 20 September 2026. General information, not personal advice.
The client
Super in pension phase, bank accounts, term deposits, shares, managed funds. Combined for a couple. These are what get deemed.
$
Cars, contents, investment property, etc. Not the family home. Used for the assets test only.
$
Earnings, rent and other income not from deemed assets. Combined for a couple.
$
What the deeming rise costs
$0
Per fortnightOld ratesNew rates
Deemed income
Income test result
Assets test result
Age Pension paid (lower of the two)

Isolates the deeming change: both columns use the 20 September 2026 maximum rates, free areas and thresholds — only the deeming rates differ. The same day, the maximum pension rose by indexation, which offsets some of the loss. Excludes Work Bonus, Rent Assistance and other adjustments. For the full picture, including drawdowns over time, see the ABP and Age Pension calculator.

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