Release Date
20 February 2026
The Australian Government Actuary (AGA) has recommended new deeming rates starting on 20 March 2026. These rates help work out the income from your financial assets for social security and veterans' payments.
New rates
From 20 March 2026, the AGA recommended, and the Minister for Social Service determined that the new deeming rates are:
- 1.25% for financial assets below the threshold
- 3.25% for financial assets above the threshold
Why the rates are changing
The updated rates reflect investment returns that are available to the majority of payment recipients.
They also support the government's plan to gradually reset the deeming rates after the rate freeze ended on 30 June 2025.
More detail
You can read the full recommendation and explanatory statement in the full advice.