Explore the latest developments concerning More than five.
Deeming rates set to rise, here's what it means for your pocket
Some pensioners and income support recipients could see small reductions in their payments after the federal government announced an increase deeming rates for the second time since the pandemic.
Deeming is a system used to estimate how much income people earn from financial assets such as savings, shares and managed funds.
Rather than assessing actual returns, Centrelink applies standard "deeming rates" to calculate income for pension and payment eligibility.
The Australian Government Actuary (AGA) recommended lifting deeming rates, which the federal government accepted, with an announcement on February 20 that changes would take effect from March 20, 2026. This is the same day pensions will also be indexed.
12CM Kawaii Mofusand Cross-Dressing Sanrio Hello Kitty Kuromi Hanyodon Plush keychain pendant Anime plush doll backpack pendant
The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.
For more detailed information, explore updates concerning More than five.