Change to Deeming Rules

Centrelink  has revised its deeming rates. The New deeming rates will be as follows:

 

Family situation Financial asset threshold Assessed at old (%) Assessed at new (%) Remainder assessed at old (%) Remainder assessed at new (%)
Single $48,000 2.00 1.75 3.50 3.25
Couple (combined) – at least one person is receiving a pension $79,600 2.00 1.75 3.50 3.25
Couple (each member) – neither person is receiving a pension $39,800 2.00 1.75 3.50 3.25

This is welcome news to those pension, aged care members and Commonwealth Seniors Health Card  recipients who, from 1 January 2015, have been caught by the extension of the deeming rules to account-based pensions. It may also allow some people who were previously in receipt of the Low Income Health Card to become eligible for it again.