Deeming and centrelink payments


When we talk about deeming, we make an assumption that your assets will earn a certain amount of income. For example, we consider the amount you invest into a term deposit as an asset and then assume (or "deem") that it will produce a certain income.

As at March 20, the deeming rate is 1.75% for financial investments up to $48,000 for single people, $79,600 for pensioner couples and $39,800 for each member of a couple receiving an allowance. If you have investments greater than these amounts, they will be deemed to earn 3.25%pa.

If you receive a Centrelink payment, you don't need to constantly keep us updated with the details of your investment - just tell us how much you've invested (you can do this at and we'll take care of the rest. The fact that we deem your assets to make a certain return works in your favour because we don't mind if you make more.


Visit or call 132 300.

Justin Bott is financial information service officer, Department of Human Services.


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