Calculator
Deeming Rate Calculator
Deeming assumes your financial assets earn 0.25% a year up to $62,600 for a single person ($103,800 for a couple) and 2.25% above that, as at 20 March 2025. Enter your financial assets below to see the income counted against your pension.
Deemed income estimate
Shown per year and per fortnight, the way the income test uses it.
Deeming assumes your financial assets earn a set rate of return no matter what they actually earn. Lower rate 0.25%, upper rate 2.25%.
Estimated result
$81.43 per fortnight
$2,123.00 a year of deemed income counted under the Age Pension income test.
- Deeming threshold
- $62,600
- Deemed at 0.25%
- $62,600 → $156.50 a year
- Deemed at 2.25%
- $87,400 → $1,966.50 a year
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This is an estimate based on the published rules and rates of Services Australia, correct as at 20 March 2025. Confirm your actual entitlement with Services Australia — your circumstances may include assessments this tool does not model.
Key facts at a glance
- Lower deeming rate 0.25% applies to the first $62,600 (single) or $103,800 (couple combined).
- Upper deeming rate 2.25% applies above the threshold.
- Deeming covers financial assets only — not property, cars or contents.
- Deemed income is added to other income before the 50-cent taper applies.
- Fortnightly conversion: annual amount × 14 ÷ 365.
- Deeming rates are ministerial decisions and can change outside the March and September indexation cycle (Services Australia).
All figures correct as at 20 March 2025, sourced from Services Australia. Next indexation: 20 September 2026.
How deeming is calculated
| Situation | Lower rate 0.25% | Upper rate 2.25% |
|---|---|---|
| Single | First $62,600 | Balance above $62,600 |
| Couple (combined) | First $103,800 | Balance above $103,800 |
The full explanation, including which income streams are deemed and why deeming can work in your favour, is in Deeming rates explained.
What to do with the result
Take the fortnightly figure and enter it as "other income" in the Income Test Estimator, or skip that step and use the Combined Pension Estimator, which deems your financial assets automatically.
Frequently asked questions
What are the current deeming rates?
0.25% on financial assets up to $62,600 for a single person and $103,800 for a couple, and 2.25% above those thresholds, as at 20 March 2025. Deeming rates are set by the Minister and can change between indexations, so confirm them with Services Australia.
Which assets should I include?
Bank accounts, term deposits, cash, shares, managed funds, bonds, superannuation and account-based pensions once you reach Age Pension age, and money you have lent out. Do not include property, cars or household contents.
Why does deeming matter if I earn less than the deemed rate?
Because the income test uses the deemed amount, not your actual return. If your accounts earn less than the deemed rate, you are still assessed on the deemed figure.
How is deemed income converted to a fortnightly amount?
The annual deemed amount is multiplied by 14 and divided by 365, which is how Services Australia converts yearly income to a fortnightly figure.
Do couples combine their financial assets?
Yes. For a couple where at least one partner receives a pension, financial assets are combined and the lower rate applies to the first $103,800.
Does deemed income always reduce my pension?
No. It only reduces your pension once total assessable income passes the free area — $212.00 a fortnight for a single person.
Researched and fact-checked by
researches Australian retirement and social security policy full time. Not a licensed financial adviser — every figure on this page is sourced from Services Australia or the Social Security Act 1991 (Cth).
Last reviewed: 15 September 2026
Figures as at: 20 March 2025
Next indexation: 20 September 2026
Change log: Reviewed 15 September 2026; deeming rates and thresholds re-checked against the Services Australia deeming page, figures correct as at 20 March 2025. Deeming rates can change between indexations; next scheduled review 20 September 2026.