Current as of 17 Feb 2026. Always verify current year rates.
What are the current deeming rates?
Short answer:
Deeming is how Services Australia estimates income from certain financial assets (like bank accounts and shares) for the Age Pension income test. The deeming rates and thresholds can change, so the safest approach is to use the current Services Australia deeming page and any linked calculators, rather than relying on figures quoted elsewhere.
Key takeaways
Deeming is an assumed income method for financial assets
Used in the Age Pension income test (with other rules alongside it)
Rates and thresholds can change over time
Your actual earnings can be higher or lower than deeming
Use the Services Australia deeming page for current rates
Why this matters
Deeming can materially affect Age Pension outcomes. Using the live government source helps you avoid outdated figures and supports more stable expectations about your payment rate.
Mini-plan (3-4 steps)
- List your financial assets that may be deemed (bank, shares, managed funds).
- Check the current deeming rates and thresholds on Services Australia.
- Compare your deemed income outcome against the Age Pension income test rules.
- Re-check after any deeming rate change or major asset movement.
Related questions
Sources (so you can verify)
Disclaimer: Information provided is general in nature and does not constitute personal financial advice. You should consider seeking advice from a licensed financial planner before making any financial decisions.
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