The Government has announced that social security deeming rates will increase from 20 September 2025.
This is the first increase in deeming rates since 2020, as rates have been frozen at historically low levels.
From 20 September 2025, deeming rates will increase by 0.5% to:
In the announcement, the Government indicated that this increase is the first of a series of increases.
'As Australians begin to feel the positive impacts of inflation easing, the Government will now gradually return deeming rates to pre-pandemic settings - that is, to reflect rates of return that pensioners and other payment recipients can reasonably access on their investments.'
Future increases in deeming rates will occur in line with the indexation of payments (expected to be 20 March and 20 September).
Deeming rates from 20 September 2025:
Rate | Single | Pensioner couple (combined) | Non-pensioner couple (each) |
0.75% |
| First $106,200 | First $53,100 |
2.75% | Excess | Excess |
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The Aged Care Rules are a legislative instrument that outlines how the new Aged Care Act 2024 will be implemented from 1 November 2025.
Following a period of public consultation, the government has released the final draft of these rules. The Rules will come into effect once they have been signed by the Minister for Aged Care and Seniors and published on the Federal Register of Legislation.
The final version is subject to passage and Royal Assent of related amending legislation passing Parliament.
Further information regarding the key changes made to the rules following the consultation period can be found here.
Several financial planning strategies rely on the correct completion of the individual tax return.
If key items are missed or incorrectly reported, the strategy may not work as intended, and in some cases, may even trigger adverse tax consequences.
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Is it possible for the director of a private company to trigger the retirement condition of release by resigning their directorship after turning age 60?
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