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Pensioner deeming accounts

Pensioner deeming accounts

Pensioner deeming accounts are special accounts to anyone over 55 or on a government pension. The deeming rates are set by the commonwealth government and used to calculate income for pension and social benefits.

A guide to deeming calculation can be found on the Australian Govenrment Department of Human Services website.

Deeming accounts offer similar features to standard personal transaction accounts including cheque, ATM, internet and phone facilities.

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