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Income test & deeming
What counts as income and how deeming works.
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The Age Pension income test explained
The income test reduces your Age Pension by 50 cents for every dollar of assessable income above a free area of $226 a fortnight for singles. Here is what counts as income, how deeming fits in and what the Work Bonus does.
Deeming explained: how Centrelink assumes your savings earn income
Deeming assumes your savings, shares and super earn a set rate of income, 1.25% up to a threshold and 3.25% above it, regardless of what they actually return. Here is how it works.
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