About the deeming calculator
Centrelink doesn’t use what your savings actually earn. It assumes your financial assets earn a set rate, called deeming, and counts that amount as your income. Deemed income feeds into the income test for the Age Pension and many other payments.
Enter your total savings and investments and the calculator shows your deemed income per year and per fortnight, with the working.
| Lower rate | 1.75% |
|---|---|
| Upper rate | 3.75% |
| Lower-rate threshold, single | $66,800 |
| Lower-rate threshold, couple combined | $110,600 |
Common questions
What are the Centrelink deeming rates?
The rate is 1.75% on the first $66,800 of financial assets for a single person ($110,600 combined for a couple), and 3.75% on anything above that.
What counts as a financial asset?
Bank accounts, term deposits, shares, managed funds, and super once you’ve reached Age Pension age. Your own home and most personal items aren’t deemed.
Why does Centrelink use deeming?
Deeming keeps the income test simple and consistent. Everyone with the same financial assets is treated the same way, whatever their investments actually earn.
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Rates last checked 5 November 2026. Payment rates from 20 September 2026; limits from 1 July 2026.