Centrelink financial assets · Calculator

Deeming Calculator

Calculate the income Centrelink assumes your financial assets earn, then see a clearly bounded Age Pension income-test illustration.

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

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

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

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.

Current deeming settings
1.25% below the threshold and 3.25% above it. Thresholds were indexed on 1 July 2026.
02 —RESULTS
Awaiting input

Choose your relationship status and enter financial assets to calculate deemed income
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. The calculator models Age Pension, where at least one member of a couple gets a pension.

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.

Related guides

Family Tax Benefit Rates 2026-27: Part A & Part B ExplainedThe current FTB Part A and Part B maximum and base rates, the $69,131 free area, the $123,078 higher threshold, and how the two income tests taper your payment.Family Tax Benefit Supplements 2026: The $80,000 Threshold & End-of-Year Top-UpHow the FTB Part A ($970.90/child) and Part B ($478.15/family) supplements work — the $80,000 income cliff, the balancing-time payout, and the immunisation gate.How Much Can You Earn Before JobSeeker Stops? (2026)The two-band JobSeeker income test explained — the $150 free area, the 50c and 60c tapers, the ~$1,515.50/fn cut-off, the partner income test, and how Working Credit fits in.

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Tax Accuracy & Sources

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

This calculator applies the ordinary Age Pension deeming tiers and illustrates the normal pension income test. It does not determine asset classification, deeming exemptions, transitional-rate pension, Work Bonus, residence eligibility or the separate assets-test result.