Deeming Calculator Australia — Age Pension Means Test
Calculate how deeming rules affect your Age Pension. See your deemed income from financial assets and estimate your pension under the income test.
01 —INPUTS
Savings, shares, term deposits, managed funds — all financial assets combined
Single or couple (combined assets). Thresholds differ for couples.
Deeming rates for 2025-26: 0.25% on first $60,400 (single) / $100,200 (couple), 2.25% on amounts above.
02 —RESULTS
Deemed Annual Income$1,042.00
Deeming Breakdown
Deemed Fortnightly Income$40.08
Lower Tier (0.25% on first $60,400)$151.00
Upper Tier (2.25% on amount above)$891.00
Income Test
Income Free Area$190.00/fn
Income Over Free Area$0.00/fn
Fortnightly Pension Reduction-$0.00
Estimated Age Pension$1,144.40/fn
How this works: Services Australia deems your financial assets to earn a set rate, regardless of actual returns. Your deemed income is assessed under the income test — for every dollar above the free area, your pension reduces by 50 cents. The asset test applies separately; your actual pension is the lower of the two tests.
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Tax Accuracy & Sources
This calculator is an estimate tool and may not cover all personal circumstances. For state-based taxes, confirm details with your state or territory revenue office.
What are deeming rules?
Deeming rules are used by Services Australia to assess income from your financial assets (savings, shares, term deposits) for the Age Pension means test. Instead of using actual returns, your assets are 'deemed' to earn a set rate — 0.25% up to the threshold, 2.25% above it.
What are the deeming thresholds for 2025-26?
For singles, the lower rate applies to the first $60,400 of financial assets. For couples (combined), the threshold is $100,200. Amounts above these thresholds are deemed at the higher 2.25% rate.
How does deemed income affect my Age Pension?
Your deemed income counts toward the income test. For every dollar of income above the free area ($190/fn single, $336/fn couple), your pension reduces by 50 cents. The asset test applies separately — your pension is calculated under whichever test gives the lower result.