Aug 20, 2026 – 9.15amPensioners and other welfare recipients with assets will have their payments tightened again next month with the deeming rate to be lifted by 0.5 per cent, the third successive increase since a freeze was lifted a year ago.The impact of the increase on social security payments will be partially offset by the indexation to inflation of the payments on the same day, which will add another $4 billion cost to the budget.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Pension deeming rate to rise by 0.5 per cent next month
Pensioners and other welfare recipients with assets will have their payments tightened again next month, the third successive increase since last year.
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