Services Australia assumes your financial assets (bank, term deposits, shares, super in pension phase) earn a set rate — even if they don’t. That “deemed income” is what counts in the income tests for Age Pension, JobSeeker, Commonwealth Seniors Health Card and more. Current rates for 2026-27 below.
Services Australia uses the deemed income figure — not what your assets actually earn — inside the income test for the Age Pension, JobSeeker, Commonwealth Seniors Health Card, Parenting Payment and a few other payments. If you earn MORE than the deemed rate, the extra doesn’t reduce your payment. If you earn less, the deemed figure still applies.
This is an estimate based on current Services Australia deeming rates + thresholds for 2026-27. Deeming rates were frozen through 30 June 2026 and may change from 1 July 2026 — NestWise updates rates immediately when they change. Not financial advice.