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Definition of deeming rate in English: deeming ratenounˈdiːmɪŋ reɪt Australian The assumed rate of return on personal investments, set by the government for the purposes of calculating social security benefits. pensions will gain about $7 a fortnight through a long-awaited cut in deeming rates Example sentencesExamples - The deeming rate reflects the standard rates of return that pensioners can earn from their financial assets.
- They accused him of misleading the public with political spin, because the deeming rate change was a standard procedure of government.
- The deeming rates that are calculated on retirement saving are more generous than the deeming rates that apply to assets held outside of super.
- The government will make the way deeming rates are calculated uniform.
- Deeming rates reflect the standard rates of return that pensioners can earn from their financial assets.
- Income-tested part-pensioners will receive a double boost to their payments from today as lower deeming rates come into effect.
- The reduced deeming rates mean that income-upport pensioners with financial assets such as cash, shares, and bank accounts will have less income included in their assessment.
- They will see the slight increase in their payments when the government lowers social security deeming rates.
- Their chief executive said that official deeming rates, used to determine age pension levels, should fall.
- The lower deeming rate will decrease from 3.0 per cent to 2.5 per cent for financial investments up to $45,400 for single pensioners or $75,600 for a couple.
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