Centrelink financial assets · Calculator

Deeming Calculator

Q: What are the Centrelink deeming rates from 1 July 2026?

The lower deeming rate is 1.25% and the upper rate is 3.25% . For Age Pension, the lower-rate threshold is $66,800 for a single person and $110,600 for a couple combined when at least one partner gets a pension.

Q: Is the income-test pension figure my final Age Pension?

No. Services Australia separately applies the assets test and uses whichever test produces the lower payment. The calculator’s secondary pension figure is deliberately labelled “income test only”. Use the full Age Pension calculator for both tests.

Calculate the income Centrelink assumes your financial assets earn, see how much you could hold before a payment starts to reduce, and model a future change to the deeming rates.

Current 1 Jul 2026 thresholds1.25% + 3.25%Income-test boundary

01 —INPUTS

Which payment are you checking?

Deeming works the same way for both — same rates, same thresholds. What changes is the income free area the deemed income has to clear.

Age Pension relationship status

Deeming threshold depends on relationship status; for a couple, enter combined assets and income.

Financial assets

Include bank accounts, term deposits, shares, managed investments, loans, some income streams and assessable gifts. Enter 0 if none.

Other assessable income /fortnight

Required only for the Age Pension income-test illustration. Enter 0 if none. Use income after any Work Bonus or other concession; do not enter returns already covered by deeming. Excludes one-off amounts like capital gains, inheritances or asset-sale proceeds — these aren't income, they become deemed financial assets instead.

Current deeming settings

1.25% below the threshold and 3.25% above it, on a $66,800 single / $110,600 couple threshold. Rates and thresholds current at 1 July 2026.

What if deeming changes?

Leave these blank to use the determination in force. Deeming rates are not indexed — they move only when the Minister makes a new determination on Australian Government Actuary advice, and those changes are staged onto the 20 March and 20 September payment-indexation dates. The thresholds are indexed separately, each 1 July.

Lower rate %

Upper rate %

Threshold $

02 —RESULTS

Awaiting input

Choose your relationship status and enter financial assets to calculate deemed income

Next best steps

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Current rates

The couple threshold depends on whether either partner gets a pension

Situation	Lower tier
Single Age Pension deeming threshold	$66,800 at 1.25%
Couple — at least one gets a pension Combined financial assets	$110,600 at 1.25%
Couple — neither gets a pension Each person’s own and share of joint assets	$55,300 each at 1.25%
Amount above the applicable threshold	3.25% a year

Rates effective 1 July 2026. The upper 3.25% rate applies only to the amount above the relevant threshold. Switch the calculator between Age Pension and JobSeeker: deeming is the same for both, but the income free area the deemed income has to clear is not.

Financial assets

Deeming replaces the actual return for the income test

Commonly included

Bank accounts, term deposits, listed shares, managed investments, loans and debentures, some income streams, assessable gifts and accessible superannuation for a person over Age Pension age.

Special treatment

Approved failed-investment exemptions, some inaccessible super funds, NDIS-only accounts and eligible replacement-home sale proceeds can use different treatment. Services Australia must decide these cases.

Estimate boundary

Deeming feeds the income test; it does not replace the assets test

Step 1 — deemed incomeApply the two annual rates to financial assets and divide the result by 26.

Step 2 — income testAdd other assessable income; compare with $226/fn single or $396/fn couple combined.

Step 3 — assets testServices Australia values all assessable assets separately and calculates another pension result.

Final paymentThe lower result from the income and assets tests applies, subject to formal eligibility.

Worked examples

Examples generated by the current calculation engine

Single with $50,000

All assets remain below the single threshold.

$625.00 /year deemed

$24.04 per fortnight

Single with $166,800

$66,800 uses the lower rate and $100,000 uses the upper rate.

$4,085.00 /year deemed

$157.12 per fortnight

Pension couple with $210,600

$110,600 combined uses the lower rate and $100,000 uses the upper rate.

$4,632.50 /year deemed

$178.17 per fortnight

FAQ

What are the Centrelink deeming rates from 1 July 2026?

The lower deeming rate is 1.25% and the upper rate is 3.25%. For Age Pension, the lower-rate threshold is $66,800 for a single person and $110,600 for a couple combined when at least one partner gets a pension.

Which financial assets are deemed?

Common examples include bank accounts, term deposits, shares, managed investments, loans and debentures, some income streams and some gifts. Accessible superannuation can be included once you are over Age Pension age. Formal classification remains a Services Australia decision.

Does Centrelink use my actual investment return?

Normally, no. The deemed amount is used even when your actual return is lower. If your return is higher than the deeming rate, the extra return does not count. Approved deeming exemptions can apply in limited circumstances.

How does deemed income reduce Age Pension?

Deemed income is added to your other assessable income. Under the normal pension income test, a single pension reduces by 50 cents per dollar above $226 a fortnight. Each member of a couple reduces by 25 cents per combined dollar above $396.

Is the income-test pension figure my final Age Pension?

No. Services Australia separately applies the assets test and uses whichever test produces the lower payment. The calculator’s secondary pension figure is deliberately labelled “income test only”. Use the full Age Pension calculator for both tests.

What happens to money from selling my principal home?

For a principal home sold from 1 January 2023, sale proceeds you intend to use for a replacement home can be deemed at the lower rate for up to two years, with a possible extension to three years in special circumstances. Other proceeds are assessed under the ordinary deeming rules.

Can I get a deeming exemption?

Only in limited cases such as certain failed investments, inaccessible limited superannuation funds or an account containing only NDIS package money. Poor performance by itself is not enough, and the Minister decides exemptions.

Age Pension toolkit

Continue with the test that answers your next question

Full Age Pension Calculator Combine normal income and assets tests with basic qualification checks. Assets Test Calculator See the full-rate threshold, $3 taper and part-pension cut-off. Income Test & Work Bonus Trace deeming and work income through one fortnight’s personal bank ledger. Pension + Work Income Tax Combine taxable pension and work income with SAPTO and Medicare. Centrelink Debt Repayment Project a fortnightly repayment arrangement and finish date. Rates & Thresholds Reference every current payment, means-test, deeming and Work Bonus figure. Seniors Health Card Screen the income-tested alternative when Age Pension is unavailable. Gifting & Deprivation Calculator Track gifts against the $10k/year and $30k/5-year free areas. Age Pension by Asset Level See the estimate from $200k to $2M in financial assets, single or couple. Aged Care Fee Calculator The pension counts as income in the residential aged care means assessment.

Tax Accuracy & Sources

Reviewed: 18 July 2026 · Tax year: 2026-27

This calculator applies the ordinary deeming tiers and measures the result against the Age Pension or JobSeeker income free area. It illustrates the normal pension income test only; it does not estimate a JobSeeker payment, and it does not determine asset classification, deeming exemptions, transitional-rate pension, Work Bonus, residence eligibility or the separate assets-test result. What-if deeming settings are illustrative, not law.