Deeming

Great news for retirees – The Government have changed the rules on deeming and made them better!

Great news for retirees – The Government have changed the rules on deeming and made them better!

In big news for retirees, the federal government has announced a reduction in the deeming rates for Age Pension. Given over 70% of Australian retirees rely on at least a part Age Pension it is news that will be welcome to many. We break down what the changes are and an example of how they apply.