pensioners: Single pensioners now receive 926.20 a fortnight, while a pensioner couple receives 698.10 each a fortnight, according to Nine News Australia. The pay rise, due to take effect on September 20, will give single pensioners around 1 day extra just enough for a coffee from 7-Eleven and a little less for couples. To improve your experience update it set to get a small pay rise in a matter of weeks By Sharon Labi Eddy Meyer7 01pm Aug 22, will have more money in their pockets in a matter of weeks with a change to deeming rates coinciding with a scheduled pay rise. Changes to the deeming rate will be backdated to July 1, giving those pensioners affected a lump sum payment next month. But deeming assumes these assets earn a set rate of income, no matter what they really earn. AMP's technical Strategy manager, John Perri, explains the deeming rate The deeming rate is just a mechanism that social security uses to assess income from a range of investments including fixed term deposits, cash, shares, managed funds and superannuation over aged pension age.
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